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.