Some regulation of business seems necessary to ensure fair and honest dealings with the public....

Question:

Some regulation of business seems necessary to ensure fair and honest dealings with the public. The impact of this statement can best be explained by which of the following?

a. Consumers and investors have called for increased government regulation in the financial sector.

b. U.S. businesses will need to work with government to create a competitive environment that is fair.

c. Future financial crises will not be as severe as previous ones.

d. Businesses won't have to worry with future healthcare insurance regulations.

e. Global competition will steadily decline over time.

Organizational Behaviour

It involves the policies developed by the firm to ensure that the relationships between the firm and the customers are improved. However, to ensure that customers are protected government has also established some policies that regulate the relations between the customers and the businesses.

Answer and Explanation: 1

c. Future financial crises will not be as severe as previous ones.

Through the establishment of policies that govern the relationships between the firm and the customers will help to bury the financial conflicts between the firm and the customers since some firms take advantage and overcharge and sell poor products to customers which in turn bleeds legal action against the firm by the customer. Thus strict policies that control the organizational behavior will help in reducing the immoral behaviors in the market.


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