Hospitality Business Toolkit (Task 3) - Legislations and Impact
VerifiedAdded on 2023/02/02
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Report
AI Summary
This report, focusing on the hospitality business toolkit (Task 3), delves into the critical legislations and regulations governing the hospitality industry. It begins with an introduction to the broad scope of the industry, encompassing various sectors like restaurants, hotels, and event planning. The report then outlines key legislations, including the Food Act of 1997 and the Liquor Control Act of 1987, and their importance for Gym Freak juice centers and other hospitality businesses. It examines how company, employment, and contract laws influence managerial decision-making, illustrated by a detailed table outlining various regulations such as control of asbestos, health and safety, and employment rights. The report further explores the potential implications of these regulations, highlighting government control of alcohol misuse and the importance of adhering to different legislations. It includes examples of companies fined for violations, and concludes by emphasizing the hospitality industry's breadth and the significance of financial monitoring principles and accounting practices like trial balances and double-entry systems. The report references academic sources to support its analysis.
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