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:

Bank Management

The process of overseeing and running a bank's day-to-day operations and financial activities.

Barter

An exchange method where goods and services are directly traded for other goods and services without using a medium of exchange, like money.

Deregulation

The process of removing or reducing state regulations, typically in the economic sphere, to encourage efficiency and competition.

Bank Failures

Bank failures occur when a bank is unable to meet its obligations to depositors or creditors and is placed under the control of a regulatory agency.