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.
Answer: D
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