Government Regulations and Ethical Conducts of Businesses

Administrative Law and Business
Student Name
Department, University
Course Code: Course Name
Professor’s Name
Due Date
Administrative Law and Business
Business ethical conduct expectations detail the rules governing the relationships between sellers and consumers in a market environment, including delineating what constitutes right and wrong. Government regulations are the laws that control and protect business operations by safeguarding the interests of the public and business firms. The federal government, through congress, should enact business administrative policies through agencies that protect the customers against exploitative practices of business companies to ensure compliance with the ethical business conducts in the market. For instance, the Federal Trade Commission is the administrative agency enacted in 1914 by congress to protect customers against deceptive business practices during trading (Bus670 chapter 05). The federal government plays a crucial role in conducting investigations and taking punitive enforcement measures such as punishment of individuals and business organizations for violation of laws to ensure compliance with business ethics for smooth business operations. Government regulations also create policies that support procurement program agencies and regulate the production of goods and services. For example, the United States (U.S.) 1984 Federal Acquisition Regulation is applied by...