Which of the following ensures that business activities adhere to laws and regulations?

The concept of compliance is fundamental in ensuring that business activities adhere to laws and regulations. Compliance involves the processes and practices organizations implement to align with legal standards and industry regulations. By establishing a compliance framework, businesses can manage risks associated with non-compliance, uphold their ethical responsibilities, and sustain their reputation.

Business rules are specific guidelines that govern decision-making within an organization, but they do not inherently encompass the broad scope of legal requirements. Collaboration refers to teamwork and joint efforts among individuals or departments, which can enhance compliance but is not in itself a mechanism for ensuring regulatory adherence. Business requirements outline what a business needs to achieve its goals but do not specifically address compliance with external laws and regulations.