You Have Been Asked to Complete This Year's Social Responsibility

question 20

Multiple Choice

You have been asked to complete this year's social responsibility report for the insurance industry. Which of the following statements would you include as a valid indication of socially responsible activities in this industry?

• A) This year, we sold more insurance policies than in the previous two years.
• B) This year marked a 200 percent increase in the number of new insurance products and services available to customers.
• C) To date, few women and minorities hold management positions in the insurance industry.
• D) This year, more than 300,000 volunteer hours were contributed by companies through loaned executives and release-time (time off) arrangements.
• E) Fewer than one-eighth of the companies' charitable contributions go to people-related activities.

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Definitions:

M.B.A.s

Masters of Business Administration, a graduate degree focused on business management, covering areas such as accounting, finance, marketing, and operations management.

Economics

The social science concerned with the production, distribution, and consumption of goods and services.

Sociology

The study of the development, structure, and functioning of human society.

Time

A dimension in which events can occur in sequence from the past through the present to the future, also a critical element in economic models affecting production, consumption, and investments.