Final answer:
Self-regulatory agencies like the BBB and NARB have the advantage of streamlined and flexible processes, which allow for quicker responses to industry changes compared to governmental agencies.
Step-by-step explanation:
The advantage that self-regulatory agencies such as the BBB (Better Business Bureau) and the NARB (National Advertising Review Board) have over governmental laws and regulatory agencies is D) Streamlined and flexible processes. Self-regulatory agencies can often address issues more quickly and adapt to changes in industry standards without the need for extensive bureaucratic processes.
Unlike the slow response times and rigidity sometimes seen with governmental agencies, self-regulatory organizations are not bound by the same level of procedural constraints, allowing them to act with greater speed and flexibility. This can be especially beneficial in industries that experience rapid change and require timely responses to emerging challenges.