Question

The purpose of business legislation is primarily based on​ ________. A. protecting the interests of society against unrestrained business practices B. regulating and constraining companies C. punishing companies for unlawful behavior D. protecting companies from each other E. protecting consumers from unfair business practices

Answer 1

Answer: A. protecting the interests of society against unrestrained business practices

Explanation: Business legislation are laws set in place that protects the interests of the society against unrestrained practices by businesses. In this, they protect consumers from business practices that are unfair, deceptive or fraudulent and businesses that break these legislations are often times subject to penalties and lawsuits. Some of these laws may include misleading advertisements among others. It is in the best interest of businesses to know and comply with these laws thus driving profitability and harmony with communities.