Which of the Following Statements About Self-Regulatory Programs Is False

question 79

Multiple Choice

Which of the following statements about self-regulatory programs is false?

• A)Self-regulatory programs are usually less expensive than governmental regulatory programs.
• B)Self-regulatory programs' guidelines generally are more realistic and operational.
• C)Nongovernmental self-regulatory programs have neither the tools nor the authority to enforce guidelines.
• D)Self-regulatory guidelines generally are stricter than governmental regulatory programs.
• E)When a trade association sets up industry guidelines,some firms that are in the industry but not in the trade association do not follow the guidelines.

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Definitions:

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

z

A standard score representing the number of standard deviations an observation or datum is above or below the mean of what is being observed or measured.

Standard Normal

An ordinary distribution with a 0 mean and a 1 standard deviation.

Random Variable

A variable with numerical outcomes derived from random occurrences.