Self-Regulatory Programs Have Advantages Over Government Laws and Regulatory Agencies

question 40

Multiple Choice

Self-regulatory programs have advantages over government laws and regulatory agencies, such as:

• A)they need to increase government bureaucracy.
• B)non-member firms must abide by self-regulation.
• C)less expensive establishment and implementation and more realistic and operational guidelines.
• D)a lack of authority.
• E)they waste valuable resources

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Definitions:

Federal Level

Pertains to the national government or the division of power between the national government and states or provinces in a federation.

Dividend Payments

Cash or stock payments made by corporations to their shareholders.

Property Income

Income from the ownership of real estate, tangible and intangible property, such as rentals, royalties, and dividends.

Transfer Payments

Financial payments made by governments that do not require an exchange of goods or services in return.