Answer:
True
Step-by-step explanation:
The above statement that, government regulations are intended to protect consumers , companies , and societal interests is true .
It is the duty of the government t protect the rights of the consumer , companies and society.
The government regulation is necessary to protect and save the public . It prevent the people to go on wrong path . The government has made many laws for the people in different area , like if any company provide adulterated goods to the people then people have the right to file case against that company or that product. The government also made many road safety rules to protect the people like no drink and drive etc.
The government also make companies to follow the right path and not to do any unfair practices . The government made company to follow ethics , do some social well fare.