When the political will for stringent command rules is absent,_____ regulation is used.
A) command-and-control
B) voluntary
C) market incentive
D) required disclosure

Question

Quizplus · Accepted Answer

Voluntary regulation is used when the political will for stringent command rules is absent. In this type of regulation, organizations or industries voluntarily agree to abide by certain standards or guidelines without any legal obligation. This type of regulation relies on the companies themselves to take responsibility for their actions and to act in the best interests of society. It is often seen as a more flexible and adaptive approach to regulation, but it may not be as effective as mandatory regulation in achieving significant environmental or social goals.

When the Political Will for Stringent Command Rules Is Absent,_____