Asked by Zitlaly Flores on May 10, 2024
Verified
Which of the following is not a true statement about how social regulation differs from industrial regulation?
A) Social regulation applies to many industries across the board, whereas industrial regulation is more specific to one industry.
B) Social regulation intrudes into the day-to-day production processes of companies more so than industrial regulation.
C) Social regulation is enforced by state and local governments, whereas industrial regulation tends to be the domain of the federal government.
D) Social regulation has expanded rapidly during the same period in which industrial regulation has waned.
Social Regulation
Rules imposed by government aimed at restricting behaviors that directly relate to the welfare of individuals in society, such as health, safety, and environmental regulations.
Industrial Regulation
Government rules or laws designed to control business practices, market conditions, and protect consumers within specific industries.
State And Local Governments
The regional and municipal levels of government within a country, responsible for local decision making and public services.
- Identify the differences between industrial and social regulation, noting their specific areas of focus and consequent effects.
Verified Answer
Learning Objectives
- Identify the differences between industrial and social regulation, noting their specific areas of focus and consequent effects.
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