Which of These Is NOT a Strategy for Dealing with Compliance

question 79

Multiple Choice

Which of these is NOT a strategy for dealing with compliance?

• A)Staying small enough to remain below the thresholds for which these agencies' rules apply.
• B)Indifference-not spending time on compliance and,if caught,closing the business.
• C)Fighting for what you believe to be right.
• D)Growing very large so that these regulations do not apply.

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Definitions:

Profits

The financial gain realized when the revenue from selling goods or services exceeds the costs of production.

Monopolized

Refers to a market structure where a single firm or entity controls a significant portion of the market share, reducing competition.

Consumer Surplus

Consumer Surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.

Net Social Gain

The overall benefit to society, calculated by subtracting total social costs from total social benefits.