Business often fails to regulate itself, and the lack of self-regulation is contrary to the public interest. To counterbalance, administrative agencies exist to:
A) refer the problem or area to experts for solution and management.
B) protect the public, especially from the business community.
C) replace competition with regulation.
D) develop detailed rules and regulations to carry out the legislative policy.
E) provide services, having been arisen out of necessity.

Question

Quizplus · Accepted Answer

Many governmental agencies exist to protect the public, especially from the business community. Business often fails to regulate itself, and the lack of self-regulation is contrary to the public interest. Americans tend to turn to a governmental agency for assistance whenever a business or business practice may injure significant numbers of the general public. A prevailing attitude exists that the government's duty is to protect the public from harm.

Business Often Fails to Regulate Itself, and the Lack of Self-Regulation