SBM Chapter 17
Rehabilitation Act of 1973
An act of Congress that provides training for workers who are injured on the job
key employees
Employees whose experience and skills are critical to the success of a business
Small businesses find most problematic rule from three agencies
IRS, EEOC, OSHA
regulation of the workplace
Laws and governmental rules that limit the freedom of business owners to manage their businesses as they please
employee theft
Misappropriation of business property by employees of that business
protected classes
States of being that are expressly prohibited from suffering discrimination: rate, color, religion, sex, national origin, gender, age, or disability
business risk
The level of probability that the future economic state of the business will be worse than expected
Most small business owners are risk
risk averse
Three general types of events that cause business risk
1) events related to the property of the business 2) events related to personnel 3) events related to customers and others
Small Business Administration estimates that in 2001 small businesses had to spend
1,200 per employee per year to file and keep up with all the regulatory requirements, rate is twice as much as what large businesses had to spend
Equal Employment Opportunity Commission (EEOC)
A commission established to enforce the provisions of the Equal Employment Opportunity Act
Occupational Safety and Health Administration (OSHA)
A government agency created to enforce safety in the workplace
Age Discrimination in Employment Act
An act of Congress that makes it illegal to discriminate against people who are older than 40 years of age
Americans with Disabilities Act of 1990
An act of Congress that requires that businesses make provisions for access by disabled people
OSHA rules do not apply
to firms with fewer than 10 employees
Civil Rights Act of 1991
A series of acts by Congress that prohibit discrimination on the basis of race, color, religion, sex, or national origin