Consumers Have Witnessed Numerous Instances in the Brokerage (Insider Trading)

question 53

Multiple Choice

Consumers have witnessed numerous instances in the brokerage (insider trading) , insurance (deceptive sales practices) , and defence (bribery) industries going awry but where executives from these firms argues that they were simply behaving in a manner consistent with others in their industry. This corporate behaviour might mean that these firms:

• A)believe they should be punished only if everyone else in their industry is.
• B)attribute their actions to business culture.
• C)are taking full blame for their actions.
• D)will accept punishment for their actions if the punishment is determined by members of their industry.

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Definitions:

Symbol Systems

Complex sets of symbols and meanings that are used by societies to communicate, interpret, and understand the world around them.

Linguistics

The scientific study of language and its structure, including the study of morphology, syntax, phonetics, and semantics.

Postmodern Theory

A theory that distrusts grand narratives and ideologies, focusing on the relativistic nature of truth and emphasizing the role of language, power relations, and cultural norms.

Sociology

The study of social life, social change, and the social causes and consequences of human behavior.