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week 3 review

goes over government regulation and administrative agency

TermDefinition
Tying occurs when a seller makes a buyer who wants to purchase one product buy an additional product that he or she does not want.
Resale Price Maintenance an attempt by manufactures to control the prices that retailers can charge for their goods.
Treble Damages (three times the damage actually sustained)
Price Discrimination occurs when a seller charges different prices to different buyer.
Administrative Laws Laws that govern agencies. Like (SEC), (FDA) and (CPSC) .
Administrative Agency a governing body charged with administering and implementing legislation.
Administrative Procedure Act (APA) controls the actions and activities of most federal agencies that are not otherwise regulate.
Freedom of Information Act (FOIA) provides the information contained in records of federal administrative agencies is available to citizens on proper request.
Open Meetings Law the federal government requires most meetings of major administrative agencies to be open to the public.
OSHA requires reports of injuries and fatalities in the work place.
National Labor Relations Board (NLRB) determines whether a prohibited labor practice has been committed.
Securities Exchange Commission (SEC) acts as a court for determining violations of federal securities law.
Informal Settlements/ Consent Decree practical devices used to settle administrative law complaints after wrongdoer business is notified of that complaint.
Created by: bmoore3195
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