Ahmed recently purchased a new vehicle.At first he was delighted with his purchase,but soon he noticed that whenever there were strong winds a high pitched whistle sound would appear.He returned the car to his dealer who stated that seeking out the cause of this sound was not covered by the warranty.Ahmed contacted the Canadian Motor Vehicles Arbitration Plan and asked them to mediate between him and the dealer.This regulatory body operates as an external,third-party stakeholder that industry and consumer groups support to resolve disputes between consumers and the automobile industry.This is an example of which form of self-regulation?
A) Self-regulation involving stakeholders
B) Negotiated self-regulation
C) Mandated self-regulation
D) Industry self-regulation
E) Quasi-government regulation
Correct Answer:
Verified
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