As a Result of the Financial Services Modernization Act

question 40

Multiple Choice

As a result of the Financial Services Modernization Act

• A)securities firms had to search for loopholes to expand into other types of financial services.
• B)firms that formed a special finance holding company were regulated by the SEC.
• C)banking, securities activities, and insurance services could be consolidated in a single financial institution.
• D)securities firms were prohibited from expanding into other types of financial services.

---

Definitions:

Conglomerates

Firms that own several different unrelated businesses.

Organization Charts

Diagrams that display the structure of an organization, detailing the roles, responsibilities, and relationships between different entities or positions.

Managing by Exception

A management strategy where leaders only intervene or take action in cases of significant deviation from set standards or performance.

Public Relations Functions

Public relations functions involve managing communication between an organization and its publics, including managing reputation, media relations, and stakeholder engagement.