What consequence may result from repeated late reporting of events?

The correct answer highlights that repeated late reporting of events may lead to corrective action. This means that if a situation arises where events are consistently reported late, the organization or entity involved may need to implement changes or measures to address the issue. Corrective action serves as a structured approach to rectify problems and prevent their recurrence, ensuring that reporting protocols are followed according to standards and timelines.

While some might consider that there could be no consequences or just warnings for late reporting, this approach would likely not be effective in promoting accountability and responsibility. Similarly, financial penalties or permanent suspension of event hosting are typically reserved for more severe violations or misconduct rather than for repeated late reporting alone. The focus is on improvement and establishing a reliable process for future compliance, making corrective action the most appropriate response in this scenario.