Industry Regulations & Compliance Flashcards

Which agency was created in 1970 under President Nixon to enforce pollution rules?

Answer: Environmental Protection Agency

The EPA was established in 1970 to protect air, water, and land.

Which 1962 book by Rachel Carson raised public concern about pesticides such as DDT?

Answer: Silent Spring

Silent Spring helped launch the modern environmental movement.

OSHA, created in 1970, regulates what?

Answer: Workplace safety and health

The Occupational Safety and Health Administration sets and enforces safety standards at work.

In Munn v. Illinois (1877), the Supreme Court held that states could do what?

Answer: Regulate businesses that serve the public interest

The Court upheld state regulation of grain elevator and railroad rates affecting the public.

Which president signed the Airline Deregulation Act of 1978?

Answer: Jimmy Carter

Carter signed the act, which reduced federal control over fares and routes.

Which law, passed in 2002 after the Enron scandal, tightened corporate accounting rules?

Answer: Sarbanes-Oxley Act

Sarbanes-Oxley set stricter financial reporting and auditing standards for public companies.

In Virginia, which body created by the Constitution of 1902 regulates utilities and insurance?

Answer: State Corporation Commission

The State Corporation Commission oversees public utilities, insurance, and corporations.