Asked by Dayna McCormick on Apr 24, 2024
Verified
The U.S. Small Business Administration issues a new regulation that will have a significant impact on a substantial number of small businesses. Under the Regulatory Flexibility Act, the agency must do all of the following except
A) measure the cost that the rule will impose on small businesses.
B) consider less burdensome alternatives.
C) alert small businesses about forthcoming regulations.
D) adjust the rule to the satisfaction of the regulated businesses.
Regulatory Flexibility Act
A U.S. law that aims to minimize the impact of regulations on small businesses and other small entities by requiring federal agencies to consider less burdensome alternatives.
Small Businesses
Enterprises characterized by a small number of employees, limited revenue, and size within their industry.
Less Burdensome Alternatives
Options or solutions that demand less effort, costs, or restrictions while achieving a similar outcome.
- Identify the requirements under the Regulatory Flexibility Act for new regulations impacting small businesses.
Verified Answer
Learning Objectives
- Identify the requirements under the Regulatory Flexibility Act for new regulations impacting small businesses.
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