Unwillingness of businesses to voluntarily improve the ethics of their practices has little practical effect on the regulatory environment.

Question

Quizplus · Accepted Answer

The unwillingness of businesses to voluntarily improve the ethics of their practices can create pressure for regulators to establish and enforce more stringent regulations, which can have a significant practical effect. Additionally, consumers and investors may choose to avoid doing business with companies that are not ethical in their practices, which can have financial consequences for those businesses.

Unwillingness of Businesses to Voluntarily Improve the Ethics of Their