If Banks Lack 'Social Legitimacy' They

question 2

Multiple Choice

If banks lack 'social legitimacy' they

• A)have balance sheets which, though legal, are weaker than society expects.
• B)have not paid enough money into fashionable charities and swanky dinners.
• C)are perceived by society to have equity, ethical, and/or sustainability problems.
• D)are perceived by society to have equity, gearing, and sustainability problems.

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Definitions:

Ethnocentric Staffing Model

A staffing approach used by multinational companies where key management positions are filled by personnel from the home country.

Subsidiaries

Companies that are owned or controlled by another company, often referred to as the parent company.

Upper-Management Positions

Roles within an organization that involve high-level decision-making responsibilities and oversight of the company or its major departments.

Strategic Alliance

A partnership between two or more companies to pursue a set of agreed upon goals while remaining independent organizations.