Knowee
Questions
Features
Study Tools

Fill in the blank: An organization that is in regulatory compliance is likely to _____ fines.1 pointrectifyincurencounteravoid

Question

Fill in the blank:

An organization that is in regulatory compliance is likely to _____ fines.
1 point

  • rectify
  • incur
  • encounter
  • avoid
🧐 Not the exact question you are looking for?Go ask a question

Solution

To determine the correct word to fill in the blank, we need to analyze the meaning of the sentence in the context of regulatory compliance.

  1. Understanding Regulatory Compliance: An organization that is in regulatory compliance follows all applicable laws and regulations. This typically includes financial reporting, labor laws, environmental regulations, and industry-specific rules.

  2. Analyzing the Options:

    • Rectify: This means to correct something that is wrong. While it's a positive action, it doesn't directly relate to avoiding penalties.
    • Incur: This means to become subject to something unwelcome. In the context of fines, this is not appropriate for compliant organizations.
    • Encounter: This means to come across something, usually by chance. It doesn’t fit well in the context of fines.
    • Avoid: This means to keep away from or prevent something undesirable from happening, which aligns perfectly with compliance efforts.
  3. Conclusion: An organization that adheres to regulations is likely to take measures to prevent penalties. The correct answer is "avoid," as it directly correlates with the positive outcomes of compliance.

Final Answer

An organization that is in regulatory compliance is likely to avoid fines.

This problem has been solved

Similar Questions

Fill in the blank: An organization that is in regulatory compliance is likely to _____ fines.1 pointrectifyincurencounteravoid

What does strict financial regulatory environment ensure?a.Uniformityb.Compliance Burdenc.Hinder Competitiond.All of the above

Organizations that provide the enforcement mechanism.Select one:a.AICPA and FASBb.SEC and AICPAc.GAAP and FASBd.FASB and SEC

Which would the FCC most likely penalize for violating a regulation?

______ refers to supervised punishment in the community.Group of answer choicesParolePermittanceProbationRelease

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.