Business Regulation � PAGE \* MERGEFORMAT �1�
An excellent paper. Good use of the Risk Analysis Matrix.
Score = 12 out of 12
Business Regulation
UNIVERSITY OF PHOENIX
ENTERPRISE RISK
MBA 560
C. G. (PETE) HATFIEL
April 14, 2008
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Business Regulation
The operations of big business corporations is one of the major causes of water pollution in the United States. Nearly 50% of all water used in the United States is for cooling and condensing purposes in connection with industrial activities. The resulting discharge into rivers and lakes usually takes the form of heated water, called thermal effluents. In addition to thermal effluents, companies also discharge chemical and other effluents into the nations' waterways (Reed, Shedd, Morehead & Corley, 2005).
To protect the populace, government has put in place laws and regulations that these corporations have to abide by.
Environmental regulations are perhaps the most stringent of governments' regulation of business.
, Administrator of the EPA.
University of Phoenix stadium, site of this yearâ€...
English: Kelly Bates during a Saskatchewan Roughri...The government enforces large technology investment demand on industry for regulatory compliance. However, the penalty for not complying with the regulations or a single act of recklessness can be far greater (University of Phoenix, Week Three, rEsource. Enterprise Risk Web site)
Facts:
Alumina Incorporated is a four billion dollar aluminum manufacturer, operating globally in eight countries around the world. With 70% of its sales coming from the United States, Alumina has a variety of concentrated markets including manufacturing automotive components, packaging materials, bauxite mining, aluminum refining and aluminum smelting. It is situated near Lake Dira in the state of Erehwon.
(University of Phoenix, Week Three, rEsource. Enterprise Risk Web site)
Regulations:
Five years ago, Alumina was reported to be in violation of environmental discharge norms in a routine EPA (Environmental Protection Agency) compliance evaluation inspection. The PAH (Polynuclear Aromatic Hydrocarbons) concentration in the test was...