The CSR Threshold Is Higher in the Financial/banking Industry Than

question 18

Multiple Choice

The CSR threshold is higher in the financial/banking industry than in the apparel industry because ______.

• A)less money is involved when consumers purchase clothing than when they buy banking/financial products such as home mortgages
• B)it is harder for consumers to identify a victim caused by a CSR violation in the financial/banking industry
• C)the apparel industry has dramatically improved supply chain issues such as the use of sweatshop labor
• D)bank customers have a great deal of power and can demand more responsible actions from financial institutions

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Definitions:

Cereal

A food product made from processed grains, typically eaten as breakfast and often enriched with vitamins and minerals.

Materials Quantity Variance

The difference between the expected and actual quantity of materials used in production, reflecting efficiency in materials usage.

Materials Standards

The established specifications regarding the quality and quantity of materials to be used in production.

Operations

Activities involved in the day-to-day functioning of a business or organization, aimed at producing goods or services.