Which of the Following Actions Represents an Attempt to Manage

question 21

Multiple Choice

Which of the following actions represents an attempt to manage social responsibility through ethical compliance?

• A) Requiring top financial managers to ensure compliance with securities and banking regulations
• B) Donating money to fund the performing arts
• C) Creating a committee to review proposals concerning selection and promotion
• D) Consulting the legal department regarding the requirements of a particular law
• E) Making human resource managers responsible for complying with the Equal Employment Opportunity Commission (EEOC) standards

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Definitions:

Excise Tax

A tax imposed on specific goods, services, or transactions, often used to discourage consumption of certain products or to raise government revenue.

Black Markets

Illegal trade markets that arise when goods or services are traded at prices or in quantities that violate government regulations or laws.

Legal Markets

Marketplaces that operate within the framework of the law, involving the buying and selling of goods and services that are legal to trade.

Supply and Demand

Fundamental economic model describing how prices and quantities of goods are determined in a competitive marketplace.