When the Glass-Steagall Act Was Repealed in 1999,potential Conflicts of Interest

question 11

Multiple Choice

When the Glass-Steagall Act was repealed in 1999,potential conflicts of interest arose with

• A)the development of universal banking.
• B)the introduction of more credit-rating agencies.
• C)accounting firms developing more comprehensive services.
• D)investment analysis in investment banking.

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Definitions:

Japanese Management

A unique style of corporate management originating in Japan, emphasizing consensus, long-term employment, slow decision-making processes, and strong loyalty to the company.

Narrow Job Classifications

The practice of defining job roles and responsibilities in a highly specific and restricted manner.

Flexibility

The ability to adapt to new, different, or changing requirements, conditions, or situations.

Employee Involvement

The active engagement and participation of employees in decision-making processes within their workplace, aiming to improve job satisfaction, productivity, and the quality of work life.