Which of the Following Actions Represents an Attempt to Manage

question 41

Multiple Choice

Which of the following actions represents an attempt to manage social responsibility by means of "ethical compliance"?

• A)Requiring top financial managers to ensure compliance with securities and banking regulations
• B)Donating money to fund the performing arts
• C)Creating a committee to write a code of conduct or review proposals concerning selection and promotion
• D)Consulting the legal department regarding the requirements of a particular law
• E)Making human resource managers responsible for complying with EEOC standards

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Definitions:

Too-Big-To-Fail

A concept suggesting that certain corporations or institutions are so large and interconnected that their failure would be disastrous to the broader economy, often leading to government intervention.

Bank Panics

Occur when a large number of customers withdraw their deposits simultaneously, fearing the bank's insolvency.

Continental Illinois

A notable example of a major bank failure, occurred in the 1980s, which led to significant reforms in banking regulations.

Overdraft Privileges

A banking service that allows a customer to withdraw more money than they have in their account, usually for a fee.