The subprime mortgage crisis,accounting scandals,and payment of bribes in international business of the past 40 years all indicate that government regulation is a good substitute for knowledgeable self-restraint.

Question

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The statement is not entirely accurate. Government regulation can serve as a complement to knowledgeable self-restraint, rather than a substitute for it. While regulation can help prevent egregious behavior and provide accountability, it cannot address every potential problem and may not be able to keep up with constantly changing business practices. It is still important for individuals and companies to exercise ethical and responsible behavior in their own decision-making.

The Subprime Mortgage Crisis,accounting Scandals,and Payment of Bribes in International