By Setting Fixed Rules, Regulators Create the Possibility That Those

question 59

Multiple Choice

By setting fixed rules, regulators create the possibility that those being regulated will:

• A)Create ways to evade the rules
• B)Ignore the rules
• C)Lobby to have the rules changed
• D)Clearly understand the rules and follow them

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Definitions:

Feedback

Information or reactions about a process or activity that is used as a basis for improvement.

Revise Plans

The process of reviewing and updating strategic, operational, or project plans based on new information or changes in circumstances.

Lean Business Model

A strategic approach to running a company that emphasizes creating more value for customers with fewer resources.

Elimination Of Waste

The process of identifying and removing unnecessary processes, materials, and activities to improve efficiency.