Which of the Following Is an Advantage That Self-Regulatory Agencies

question 103

Multiple Choice

Which of the following is an advantage that self-regulatory agencies such as the BBB and the NARB have over governmental laws and regulatory agencies?

• A) Firms must strictly abide by the rulings of self-regulatory agencies.
• B) Establishment and implementation are usually less expensive.
• C) They have better tools to enforce their rulings.
• D) Guidelines are often stricter and create greater compliance from firms.
• E) Money is very rarely an issue in enforcing decisions of self-regulatory agencies.

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Definitions:

Generativity

A stage of psychosocial development in which an individual focuses on guiding the next generation or contributing to the well-being of others, typically during middle adulthood.

Self-Concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's abilities, values, and identity.

Canada

A country in North America known for its vast landscapes, multicultural communities, and as the second-largest country by total area.

Japan

An island nation in East Asia, known for its rich culture, technological advancements, and historic sites.