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

question 58

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, having been arisen out of necessity.

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Definitions:

Characteristics Of The Recruiter

Qualities or features that define the individual or agency in charge of attracting and hiring candidates.

Due-Process Policies

Policies that formally lay out the steps an employee may take to appeal the employer's decision to terminate that employee.

Employment-At-Will Contracts

Legal agreements that allow either the employer or the employee to terminate employment at any time, for any reason, or for no reason at all, provided it's not illegal.

Leading Indicators

Early signs or metrics that predict future performance or trends in the economy, markets, or other systems.