One Primary Reason Why Regulatory Capture May Occur in an Industry

question 113

Multiple Choice

One primary reason why regulatory capture may occur in an industry is that

• A)the government designates unelected officials to head the various regulatory agencies of different industries.
• B)there is a lot of bribery and corruption going on in all major industries that the government seeks to regulate.
• C)the industry's leaders are the ones who pushed for the government to impose supervision and regulation over their industry.
• D)people who are qualified to supervise and regulate the industry often come from the industry itself.

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Definitions:

Customer Satisfaction

A measure of how products or services meet or surpass customer expectations, often used as a key performance indicator by businesses.

Simple Ranking

A method, often used in human resources, to order or rank entities based on a single criterion or measure.

Performance Comparison

The process of evaluating the output or achievements of an individual or organization against a set standard or the performance of peers.

Employee Evaluation

The process of assessing and reviewing an employee's performance at work against predefined objectives and criteria.