One of the Basic Differences Between Social and Economic Regulations

question 250

Multiple Choice

One of the basic differences between social and economic regulations is that

• A) economic regulations only apply to financial institutions while social regulations apply to a greater variety of institutions.
• B) social regulations only apply to non-profit organizations while economic regulations apply only to for-profit organizations.
• C) economic regulations cover only particular industries while social regulations apply to all firms in the economy.
• D) economic regulations focus on the banking industry while social regulations focus on monopolies.

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Definitions:

Rationalisations

The process of reorganizing a company to increase its efficiency, often involving streamlining operations and reducing staff.

Unethical Behaviour

Actions or practices within an organisation or individual that are immoral, dishonest, or violate professional standards.

Longer Term Implications

Consequences or effects of actions or decisions that become apparent or have an impact over an extended period.

Organisational Loyalty

The commitment of employees to the goals, values, and success of their organization, often resulting in higher productivity and job satisfaction.