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.

---

Definitions:

Legal Aid

Assistance provided to individuals, usually free of charge or at a reduced rate, to help them pursue legal matters.

Free Legal Services

Legal advice, representation, or other legal work provided without charge to individuals who cannot afford to pay for such services.

Power

The capability to shape or control the actions of others or the direction of occurrences.

President

The elected head of a republican state or organization, often the highest executive officer with significant leadership responsibilities.