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) 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