QUESTION IMAGE
Question
which is a function of regulatory agencies?
○ encouraging business compliance
○ creating legislation for businesses
○ encouraging negative externalities
○ creating new business opportunities
Brief Explanations
Regulatory agencies oversee businesses to ensure they follow rules. Creating legislation is done by legislative bodies (not agencies), negative externalities are discouraged, and agencies don’t create business opportunities. So encouraging compliance is a regulatory agency function.
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A. encouraging business compliance