Which of the Following Statements Concerning Compliance with Government Regulations

question 67

Multiple Choice

Which of the following statements concerning compliance with government regulations is true?

• A) Violation of some of the regulations is probably inevitable.
• B) There are only a few rule-making government agencies.
• C) Violation of government regulations is not a significant business risk.
• D) The only cost of noncompliance is the time it takes to complete the necessary paperwork.

---

Definitions:

External Customer

Individuals or entities that purchase goods or services from a business but are not part of the organization itself.

Purchase Process

The steps and decision-making stages consumers go through before, during, and after buying a product or service.

Harvard Business Review

A prestigious magazine that publishes articles on topics related to business management practices and research.

Organizational Success

Achieving the stated goals and objectives of an organization effectively and efficiently, often measured by financial performance, market share, or other key indicators.