Self-regulation refers to
A)governmental guidelines that suggests what is legal and ethical and what is not.
B)a self-imposed set of rules set by a specific industry watchdog group that dictates legal and ethical behaviors.
C)an alternative to government control where an industry attempts to police itself.
D)voluntary compliance to governmental rules and regulations set for a specific industry.
E)a set of rules created and enforced by the FTC to which all members of an industry voluntarily agree to comply.

Question

Quizplus · Accepted Answer

Self-regulation refers to an alternative to government control where an industry attempts to police itself. This means that the industry creates and enforces its own set of rules and standards, without any external government intervention. It is a voluntary effort by the industry members to ensure legal and ethical behavior in their respective field.

Self-Regulation Refers to