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
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.
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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.
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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.
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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.
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