Which of the Following Statements About Self-Regulatory Programs Is False

Multiple Choice

Which of the following statements about self-regulatory programs is false?

A) Self-regulatory programs are usually less expensive than governmental regulatory programs.
B) Self-regulatory programs' guidelines generally are more realistic and operational.
C) Many nongovernmental self-regulatory programs have neither the tools nor the authority to enforce guidelines.
D) Self-regulatory guidelines generally are stricter than governmental regulatory programs.
E) When a trade association sets up industry guidelines, some firms that are in the industry but not in the trade association do not follow the guidelines.