The government recently passed regulations affecting the way in which car hire companies must address certain health and safety issues within their business.
Big Staffie plc is a major player in the UK car hire business.
In anticipation of these new regulations the company put in place procedures and technology which exceed these new government regulations.
From this Big Staffie plc’s response to the new regulations has been one of?
Select ONE answer:
- Innovation
- Entrenchment
- Mere compliance
- Full compliance
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 1
- Correct == > Innovation in this context is where regulation serves to trigger the discovery and introduction of new procedures and technologies – the ‘innovation effect, as a basis for competitive advantage in an industry.
- Not correct
- Not correct
- Not correct
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