Business Often Fails to Regulate Itself,and the Lack of Self-Regulation

question 109

Multiple Choice

Business often fails to regulate itself,and the lack of self-regulation is contrary to the public interest.To counterbalance,administrative agencies exist to

• A) refer the problem or area to experts for solution and management.
• B) protect the public, especially from the business community.
• C) replace competition with regulation.
• D) develop detailed rules and regulations to carry out the legislative policy.
• E) provide services that have arisen out of necessity.

---

Definitions:

Terminally Ill

Describes an individual who is suffering from a disease or condition that is expected to lead to death.

Sociologists of Aging

These are experts who specialize in the study of aging processes, including the social, psychological, and biological aspects, and their impact on individuals and society.

Young Old

A demographic group, typically aged between 65 to 74 years, considered to be in the early stage of old age, often leading active and relatively healthy lives.

Politically Organized

Refers to the process or state of coordinating individuals or groups towards common political goals or agendas, often through structured parties, movements, or campaigns.