When an Industry Develops, Uses, and Enforces Norms, This Is

question 145

Multiple Choice

When an industry develops, uses, and enforces norms, this is known as which type of self-regulation?

• A)industry self-regulation
• B)self-discipline
• C)social ethic
• D)professional ethic
• E)personal ethic

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Definitions:

Incremental Changes

Small, gradual modifications or adjustments made in a process, system, or policy.

Discarded Strategy

A strategy that has been abandoned or rejected after analysis due to it being infeasible, ineffective, or misaligned with organizational objectives.

Corporate Strategies

The overarching plans and policies a business devises to achieve their goals, sustain competitive advantage, and ensure long-term success.

Liquidation

The process of converting assets into cash or other forms of payment, often in the context of dissolving a business.