16.000 Scope of part. Log in here for access. Examples of regulatory agencies that provide these types of conditions are the Federal Communication Commission, or FCC. This is known as osmoregulation. Arbitrary regulations are standards or rules mandating the use of one out of several equally valid … If not monitored and enforced well, they also can lead to bad behavior by actors under pressure to produce results. The two major types of regulation are economic and social regulation. • The regulation of the amounts of water and minerals in the body. These categories have been created by various statutes and executive orders containing requirements that may be triggered if a regulation falls into one of the categories. The repression is due to a product of regulatory genes. Feedback regulation (5). Temporary regulations are issued to provide immediate guidance to the public and IRS and Counsel employees prior to publishing final regulations. This can occur through a government contract where a private company will take ownership of a product or service. Good management-based regulation, analysts have argued, must be shaped by the regulator to ensure that the proper goals are being planned for and the plans developed can actually be implemented. All Coloradans share a long-term, common interest in a fair marketplace where consumers are protected. Or why the airplane industry is a private enterprise? The regulatory agencies are granted a broad power to regulate the following aspects of the industry: 1. price regulation - maximum rate, minimum rate, rate structure 2. rate-of-return regulation 3. condition-of-service regulation 4. entry and exit regulation 5. antitrust (anti-combines) regulation including mergers and acquisition 6. regulation on financial arrangements and accounting practices Regulators may also establish safety standards, which are not discussed here. Working Scholars® Bringing Tuition-Free College to the Community, Define regulation and identify the importance of government regulation, Differentiate between economic and social regulation, Describe the relationship between deregulation and cross subsidization and cost-of-service, Explain examples of cross subsidization, cost-of-service and privatization. - Definition, Causes & History, Strategic Alliance in Business: Definition, Advantages & Disadvantages, What is Public Policy? Take, for example, carbon monoxide emission regulations implemented under the Clean Air Act, which do not require the use of specific technologies or processes, but rather leave those choices to the regulated industries and instead mandate that emissions cannot exceed a set limit. The U.S. government is responsible for different types of regulation. 2 Rate of return regulation adjusts overall price levels according to the operator’s accounting costs and cost of capital. 16.102 Policies. This is known as excretion. - Definition, Types, Process & Examples, Fiscal Policy Tools: Government Spending and Taxes, Using Advanced Mail Merge Features in Microsoft Word, What Is Foreign Direct Investment? Cost-of-service regulation is when price is regulated based on costs, which the end consumer pays. The food bill comes to $100, so each of you pays $25, when in actuality, your dinner only costs $15 and your friend's was $35. Rate of return regulation, which was developed in the USA, is a method of regulating the average price of private or privatised public utilities, such as water, electricity and gas supply. There are two types of voltage regulators: linear and switching.A linear regulator employs an active (BJT or MOSFET) pass device (series or shunt) controlled by a high gain differential ampl Businesses are also regulated by the government, and so is the communications industry. 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