Which group is typically in charge of market regulations and compliance?

Which group is typically in charge of market regulations and compliance?

• A. Farmers' Cooperative
• B. CAC
• C. Market Manager
• D. Consumer Advocacy Group

Answer: (B)

The CAC, or Commodity Advisory Committee, plays a pivotal role in overseeing market regulations and compliance within the commodities sector. This group is charged with ensuring that market operations adhere to established laws and regulations, promoting fair trading practices, and safeguarding the integrity of the market. Members of the CAC typically include industry experts and representatives who bring valuable insights into regulatory issues. In contrast, farmers' cooperatives primarily focus on the collective interests of farmers, often emphasizing agricultural practices and market access rather than regulatory oversight. A market manager focuses on the day-to-day operations and logistics of running a market but may not have authority over compliance and regulatory matters. Consumer advocacy groups, while vital in representing consumer interests and pushing for fair practices, do not have the regulatory authority needed to enforce market compliance. Thus, the CAC is the group explicitly designed to handle regulations and compliance within the market context, making it the correct choice.

The CAC, or Commodity Advisory Committee, plays a pivotal role in overseeing market regulations and compliance within the commodities sector. This group is charged with ensuring that market operations adhere to established laws and regulations, promoting fair trading practices, and safeguarding the integrity of the market. Members of the CAC typically include industry experts and representatives who bring valuable insights into regulatory issues.

In contrast, farmers' cooperatives primarily focus on the collective interests of farmers, often emphasizing agricultural practices and market access rather than regulatory oversight. A market manager focuses on the day-to-day operations and logistics of running a market but may not have authority over compliance and regulatory matters. Consumer advocacy groups, while vital in representing consumer interests and pushing for fair practices, do not have the regulatory authority needed to enforce market compliance. Thus, the CAC is the group explicitly designed to handle regulations and compliance within the market context, making it the correct choice.