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:

Ethanol Program

A governmental policy initiative aimed at promoting the use of ethanol as a biofuel, to reduce dependency on fossil fuels and decrease greenhouse gas emissions.

Imported Ethanol

Ethanol fuel sourced from foreign countries, used primarily as a biofuel additive for gasoline.

Subsidies

Financial assistance granted by a government to support businesses or individuals, aiming to reduce costs and encourage certain economic activities.

Price-Ceiling

A regulatory limit imposed by a government on how high a price can be charged for a commodity or service, intended to protect consumers.