Which of the following statements is most correct with respect to government in its role as regulator?
A) Business complains that the Competition Bureau is too slow in approving or denying merger plans.
B) The government really has very little power in its role as regulator.
C) Because of the move toward deregulation, federal and provincial governments have become less and less involved in regulating business activity.
D) The main areas of government regulation of business are achieving social goals, protecting consumers, and providing assistance to small business firms.
E) Studies have shown that government regulation reduces the effectiveness of business firms.

Question

Quizplus · Accepted Answer

D  E  A) Business often complains about the slow pace of regulatory bodies like the Competition Bureau in approving or denying merger plans, which is a common issue in regulatory processes.  D) Government regulation often focuses on achieving social goals, protecting consumers, and providing assistance to small businesses, which are key areas of regulatory activity.  E) Studies have shown that government regulation can sometimes reduce the effectiveness of business firms, as it may impose additional costs and constraints.

Which of the Following Statements Is Most Correct with Respect