An Alternative to Government Control Where an Industry Attempts to Police

question 106

Multiple Choice

An alternative to government control where an industry attempts to police itself is referred to as

• A) consumer protection.
• B) self-regulation.
• C) industry accountability.
• D) voluntary compliance.
• E) government-imposed ethical policing.

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Definitions:

Leading Indicator

An economic factor that changes before the economy begins to follow a particular pattern or trend.

Lagging Indicator

Metrics that reflect the outcomes of economic, financial, or business activities after they have occurred, often used to assess performance.

Strategic Learning

A process of creating, acquiring, and transferring knowledge to adapt and evolve a business strategy.

Sustainability

Meeting current needs without compromising the ability of future generations to meet their needs, such as with efforts that protect the environment.