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MGMT 209

  1. Administrative Agenciese
    "4th Branch of Government"

    Primary tool for regulation

    • 50+ Agencies
    • 15 Cabinet Departments
    • State
  2. TYPES of AGENCIES

    ICC
    Created to regulate railroads
  3. SEC
    created to regulate securities industry
  4. FCC
    created to regulate communication industry
  5. regulatory capture
    agencies adopt perspective of the industry to be regulated
  6. public interest?
    • citizens/public doesnt take interest
    • free riders
    • small expected benefit if do take interest

    business IS interested
  7. Economy-Wide Regulatory agencies
    FTC
    prevent unfair or deceptive advertising
  8. Economy-wide regulatory agencies
    NLRB
    labor in all industries
  9. TIME for economy-wide agencies
    New deal era (FTC & NLRB)

    1960's and 1970's (EPA & CPSC)
Author
elizabethjones514
ID
48319
Card Set
MGMT 209
Description
mgmt 209
Updated

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