REGULATORY CAPTURE THEORY Capture theory assumes‚ firstly‚ that all members of society are economically rational. Therefore‚ each individual will pursue his or her self-interest to the point where the private marginal benefit from lobbying regulators just equals the private marginal cost. Regulation has the potential to redistribute the wealth. Therefore‚ people lobby for regulations that increase their wealth. Second‚ the capture view assumes‚ as with public-interest theory‚ that the government
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Kelly Wellens Unit Y 2.1 - Identify the key features of at least three major therapeutic models. Person-Centred Therapy 1. What do you understand by the term actualising tendency? I understand that the term actualising tendency means that a person has a potential to grow‚ if we have had the right environment to grow. If we received enough unconditional acceptance and love throughout our childhood through our peers‚ parents‚ teachers‚ friends etc then this has given us the right environment to
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Examining Government Regulations and Standards Teresa M. Long HSM/210 November 4‚ 2012 Shelley McDowell Examining Government Regulations and Standards Due to the fall in economy the United States has seen an increase in unemployment. Although the government is making an effort to improve this situation and the issues that follow‚ such as‚ health insurance‚ mental stress‚ and unemployment benefits‚ there are government regulations and standards that affect these issues chances of ever completely
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May 26‚ 2015 Advertising Regulations In the article that I read it was talking about the federal trade commission and how they are enforcing the truth in advertising laws. The FTC is forcing everyone that advertises on the internet‚ radio‚ billboards‚ etc‚ they have to make sure that it is legitimate and truthful. They cannot advertise anything that is untrue or unfair that would involve ripping consumers off of their hard earned money. Advertising plays an essential and big
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of education came in 1944‚ when Sargeant report recommended formation of a University Grants Committee to oversee the works of the three Central Universities of Banaras‚ Aligarh‚ and Delhi. In 1947‚ the Committee was entrusted with the responsibility of dealing with all the then existing universities. Following the recommendations of the University Education Commission set up in 1948 and headed by Dr S Radhakrishnan; in 1952‚ the Union Government decided that all cases pertaining to the allocation
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Legal‚ Safety‚ and Regulatory Requirements Alana Holiday HCS/341 April 22‚ 2013 Colin Smith Legal‚ Safety‚ and Regulatory Requirements In this paper I will examine the effect of legal‚ safety‚ and regulatory requirements on the human resource process as they relate to the following‚ common sense and compassion in the workplace has been replaced by litigation. I will also explain why I agree or disagree with the above statement. I will focus on employee-related regulations established by the
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Paints & coatings: China’s VOC regulations may lead to industry restructuring 23 June 2003 00:00 [Source: ACN] Will China’s new rules limiting emissions of volatile organic compounds (VOC) in paints and coatings bring about a major restructuring of the country’s fragmented industry? A senior manager at an international paints and coatings company with facilities throughout China‚ John Ou‚ thinks it will. He says the new regulations may weed out the smaller local players‚ which are finding it
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Define regulatory arbitrage. Briefly discuss the new capital buffer requirements proposed under Basel 3. Regulatory Arbitrage This is a practice whereby firms capitalize on loopholes in regulatory systems in order to circumvent unfavourable/unprofitable regulation. Arbitrage opportunities may be accomplished by a variety of tactics‚ including restructuring transactions‚ financial engineering and geographic relocation. For example‚ a company may relocate its headquarters to a country with lower tax rules and favourable regulatory policies to
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Introduction to the regulatory environment in India The regulatory environment also known as Legal Aspects of Business‚ Business law‚ Commercial Law‚ Mercantile law is a subject which provides an element of limitation to all the business strategies regulated through different statutory provisions and rules. It not only emphasizes on substantive law but also on procedures and compliances thereby prepares the students of Business for the legal environment they would eventually face in the corporate
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Identify Controls 18 points (2 points each) What control or controls would you recommend in a computer processing system to prevent the following situations? A. Working through the main control console‚ the night shift computer operator made a change in a payroll program to alter his rate of pay in his favor. -operator should not have access to program documentation (source code) -use password -console log should be reviewed for unauthorized activity B. A customer payment recorded
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