Understanding Regulation and Control

To enhance private business operations

To create loopholes in legal frameworks

To control and manage activities using established rules (correct)

To eliminate all forms of activity or process

To promote free market principles without restrictions

To control an activity or process by means of rules (correct)

To dismiss the enforcement of laws against activities

To ignore regulations and allow self-governance

Restricting enforcement agencies from acting

Granting regulatory agencies the power to enforce laws (correct)

Eliminating all rules in business operations

Creating unrestricted market conditions

<p>Regulation exists solely to create limitations on businesses.</p> Signup and view all the answers

<p>Enforcing laws created by governmental bodies</p> Signup and view all the answers