Question: When comparing principles-based regulation with rules-based regulation, which one of the following statements is correct? Select one: Principles-based regulation requires less communication between the regulator

When comparing principles-based regulation with rules-based regulation, which one of the following statements is correct? Select one: Principles-based regulation requires less communication between the regulator and regulated entity. Principles-based regulation emphasizes conformity rather than the outcome. Principles-based regulation tends to use a one-size-fits-all approach. Principles-based regulation responds more quickly to a changing environment

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