What Are Regulatory Agencies, and How Do They Differ from Independent

question 32

Essay

What are regulatory agencies, and how do they differ from independent agencies? Consider the various regulatory agencies mentioned in the textbook. If you were in charge of establishing new regulatory agencies, which issue would you establish an agency to address?

---

Definitions:

Customers

Individuals or organizations that purchase goods or services from a business or seller.

Top Managers

The highest echelon of leaders within an organization, responsible for strategic decision-making and overall direction of the company.

Executive Team

A group of high-ranking officers within a company, responsible for strategic decision-making and management.

Controlling

The management function focused on monitoring performance, comparing it with goals, and taking corrective action as needed.