This Is the Set of Laws, Policies, Incentives, and Monitors

question 30

Multiple Choice

This is the set of laws, policies, incentives, and monitors designed to handle the issues arising from the separation of ownership and control.

• A)Agency theory
• B)Corporate governance
• C)Defined benefit plan
• D)Invisible hand

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Definitions:

Abusive Practices

Actions, especially by those in positions of power, that are harmful, unethical, or exploitative.

Lemon Laws

State laws that protect consumers from the burden of vehicles that repeatedly fail to meet standards of quality and performance.

Magnuson-Moss Act

A federal law aimed at protecting consumers from deceptive warranty practices.

Industry-Wide Safety Standards

Norms and regulations designed to ensure safe practices across an entire industry, often developed by consensus among industry members or mandated by governmental agencies.