What roles do the Better Business Bureau and the National Advertising Review Board play in self-regulation of business?
What will be an ideal response?
The Better Business Bureau is a local regulatory agency supported by local businesses. When a firm continues to violate what the Better Business Bureau believes to be good business practices, the bureau warns consumers through local newspapers or broadcast media. If the offending organization is a Better Business Bureau member, it may be expelled from the local bureau. The National Advertising Review Board (NARB) is another self-regulatory entity that considers cases in which an advertiser challenges issues raised by the National Advertising Division (NAD) about an advertisement. Cases are reviewed by panels drawn from NARB members representing advertisers, agencies, and the public.
You might also like to view...
In this stage of the product life cycle, the focus should be on product innovation–that is, making improvements in the product and differentiating from existing competitors on the basis of observed product quality
A) introduction B) growth C) maturity D) decline
The major function of the World Bank is to serve as
A. an investment in funds in global businesses to create value for its shareholders. B. a nonprofit banking cooperative for its members to meet development needs. C. a central bank for the world's central bankers. D. a nonprofit cooperative to finance the educational needs of its members.
The APA does not require that the following factor be considered when determining
the appropriateness of negotiated rulemaking in a given situation: a. the need for a rule b. whether it's likely that a committee will reach a decision c. the experience and qualifications of committee members d. the likelihood that the agency will use the negotiated rule
A criticism of the bureaucratic approach to management is that
A. production tasks were reduced to routine procedures which led to boredom. B. job-related factors were ignored by emphasizing only money. C. the economic aspects of the workplace are overemphasized. D. the concept that a happy worker is a productive worker is too simplistic. E. once established, it is very difficult to dismantle such an organizational structure.