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:

Chase Demand

A production strategy where production levels are adjusted to match demand fluctuations, minimizing inventory levels but potentially increasing operational costs.

Subcontracting Cost

Expenses incurred when a company hires external suppliers or service providers to perform certain tasks or functions that are part of the production process.