Which term means to control (something, especially a business activity) by means of rules and regulations?

• A. Manage
• B. Regulate
• C. Govern
• D. Liberalize

Answer: (B)

Regulation means controlling activities by setting and enforcing official rules. When authorities regulate a business activity, they create standards, licenses, and penalties to ensure compliance, so control happens through rules and oversight. Managing is more about handling or running something, not necessarily through formal rule-based systems. Governing is broader, referring to directing a system or territory and isn’t limited to rule-based control of a specific activity. Liberalize means to ease restrictions, the opposite of imposing controls. Because the description specifically points to control through rules and regulations, regulation is the best fit.