Businesses taking an active approach to government regulation have discovered that by initiating regulatory legislation they can head off the risk of later unpredictable lawsuits, influence the nature of the legislation, and ensure that all of their competitors are subject to the same constraints.

Question

Quizplus · Accepted Answer

This statement is true. By proactively engaging with government regulation, businesses can have a say in the development of legislation and potentially avoid costly lawsuits in the future. Additionally, implementing regulations that affect all competitors creates a level playing field for the industry.

Businesses Taking an Active Approach to Government Regulation Have Discovered