Depending on the viewpoint, self-regulation can be considered a triumph of business integrity over meddling government, or a meaningless sham with no real authority beyond the cooperation of industry members.

Question

Quizplus · Accepted Answer

Self-regulation can be seen as a positive demonstration of business integrity when industries effectively manage themselves without external intervention. However, it can also be criticized as ineffective if it lacks enforcement power and relies solely on voluntary compliance by industry members.

Depending on the Viewpoint, Self-Regulation Can Be Considered a Triumph