Compliance costs include
A) yes no no
B) no yes yes
C) yes yes no
D) yes yes yes

Question

Compliance costs include 
A) yes no no 
B) no yes yes 
C) yes yes no 
D) yes yes yes

Quizplus · Accepted Answer

Compliance costs refer to the expenses that organizations incur to meet legal and regulatory requirements. This includes costs related to training and certification of employees, implementation of safety measures, and maintaining records and reports to demonstrate compliance. Therefore, it is reasonable to assume that compliance costs are incurred by both for-profit and non-profit entities. Choice C is the only option that correctly identifies organizations that incur compliance costs, while the other options either exclude non-profit entities or assume that only some organizations incur these costs.

Compliance Costs Include