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

Multiple Choice

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.