ADM 1101 Chapter 10: Chapter 10 - Key Terms
6 Dec 2016
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Regulation imposed by the corporation or industry itself rather than by the government. Industry groups that are delegated or designated a regulatory function including the development, use, and enforcement of standards. Potential revenues that the government chooses not to collect; any form of incentive or relief granted through the tax system rather than government expenditures. A corporation within a particular industry that receives some form of special attention from government through grants, loans, purchasing policy, or tax incentives. Those in which a government owns equity in a private-sector enterprise. A cooperative venture between the public and private sector, built on the expertise of each partner, that best meets clearly defined public needs through the appropriate allocation of resources, risks, and rewards. All attempts to influence directly or indirectly any government activity; includes any attempt to influence legislators, their staff members, public administration, and members of regulatory agencies.
