What organization is one of the oldest nonprofits that promotes self-regulation among businesses?

What organization is one of the oldest nonprofits that promotes self-regulation among businesses?

• A. American Civil Liberties Union
• B. Chamber of Commerce
• C. Better Business Bureau (BBB)
• D. National Association of Manufacturers

Answer: (C)

The Better Business Bureau (BBB) is indeed one of the oldest nonprofits dedicated to promoting self-regulation among businesses. Established in 1912, the BBB's mission focuses on fostering trust and confidence in the marketplace. It does this by encouraging ethical business practices and providing consumers with reliable information to help them make informed decisions. By implementing a system of accreditation, the BBB holds businesses accountable to specific standards, allowing consumers to identify companies that maintain high levels of integrity and transparency. This commitment to self-regulation helps enhance the overall reputation of businesses, thereby contributing to a fair marketplace and protecting consumer interests. In contrast, organizations like the American Civil Liberties Union primarily focus on protecting civil rights and liberties, while the Chamber of Commerce and the National Association of Manufacturers serve as representatives and advocates for business interests, rather than specifically promoting self-regulation among businesses in the way that the BBB does.

The Better Business Bureau (BBB) is indeed one of the oldest nonprofits dedicated to promoting self-regulation among businesses. Established in 1912, the BBB's mission focuses on fostering trust and confidence in the marketplace. It does this by encouraging ethical business practices and providing consumers with reliable information to help them make informed decisions.

By implementing a system of accreditation, the BBB holds businesses accountable to specific standards, allowing consumers to identify companies that maintain high levels of integrity and transparency. This commitment to self-regulation helps enhance the overall reputation of businesses, thereby contributing to a fair marketplace and protecting consumer interests.

In contrast, organizations like the American Civil Liberties Union primarily focus on protecting civil rights and liberties, while the Chamber of Commerce and the National Association of Manufacturers serve as representatives and advocates for business interests, rather than specifically promoting self-regulation among businesses in the way that the BBB does.