This paper will discuss the basic concepts of regulatory law on an organization. It will assess the impact of the regulatory environment on industry and organization risks. It will evaluate the legal decision in the context of the organization's values and ethics, and finally show the risk analysis matrix for the simulation exercise. Basic Concepts of Regulatory Law Basic concepts of regulatory law consist of the Constitution, Antitrust Laws, Securities Regulations, and Environmental Laws. The separation of power deals with federal government and the balance of power, along with distinguished roles between federal, state and local government entities. The supremacy clause is in effect if a state law conflicts with a federal law. A court then decides if the state law prevents or interferes with Congress's intention. Federal government has nothing to do with contract clause. "No State shall�pass any�Law impairing the Obligation of contracts." (Reed, Shedd, Morehead, & Corley, 2005, p. 148). Meaning states do not have the right to make laws that prevent organizations from ent......

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