Why Did Goldman Sachs Have to Pay a Fine of Half

question 44

Multiple Choice

Why did Goldman Sachs have to pay a fine of half a billion dollars in 2010?

• A) It had underwritten most of the subprime mortgages during the real estate boom.
• B) It had failed to document its business structure to the Securities and Exchange Commission.
• C) It had knowingly sold toxic mortgage-based securities and then bet on their failure.
• D) It had illegally financed the presidential campaign of Democratic president Obama.

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Definitions:

Replacement Planning

A component of succession planning focusing on identifying immediate backup candidates for key positions to ensure minimal disruption in case of sudden vacancies.

Operational Efficiency

Refers to the ability of an organization to deliver products or services to its customers in the most cost-effective manner while maintaining high-quality standards.

Transactional Activities

Business processes that involve exchanges or transactions between parties, such as sales, purchases, and payments.

Service Delivery Model

Refers to the way in which an organization provides services to its customers, incorporating strategies, structures, and processes.