Identify local, state, and federal regulations for operating a business.

Identification should include the varying regulations within the local, state, and federal authorities for operating a business.

Process/Skill Questions:

• What jurisdiction does the locality have over the regulation for operating a business?
• What jurisdiction does the state have over the regulation for operating a business?
• What jurisdiction does the federal government have over the regulation for operating a business?
• What role does the U.S. Internal Revenue Service (IRS) play in business operations?
• What is OSHA, and what role does it play in operating a business? Who regulates OSHA?
• What is workers' compensation? Who regulates workers' compensation?