A Regulatory Approach That States Precisely What a Business Must

question 44

Multiple Choice

A regulatory approach that states precisely what a business must do, including the type of technology to be used, is:

• A) moral suasion.
• B) a marketable permit.
• C) command and control.
• D) a tax.

---

Definitions:

Probability Density Function

A probability density function is a function that describes the probability of a random variable taking on certain values, used for continuous variables where the probability of any single value is zero.

Normal Approximation

A mathematical method used to approximate the binomial distribution with the normal distribution when the sample size is large and the probability of success is not too close to 0 or 1.

Binomial Distribution

A probability distribution describing the number of successes in a fixed number of binary, independent trials given a specific success probability.

Random Sample

A group selected from a broader population where every individual has the same likelihood of being chosen.