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.

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Definitions:

Poor

Refers to the state of having insufficient financial resources or wealth.

Food

Nutritive material consumed by living organisms to sustain life and growth.

Malthusian Trap

A theory suggesting that population growth tends to outpace agricultural production, leading to periodic starvation, poverty, and population decline.

Poor

Describes individuals or groups who lack financial resources or essentials for a minimum standard of living.