1-54 Which of the Following Statements Is FALSE

question 56

Multiple Choice

1-54 Which of the following statements is FALSE?

• A)A financial intermediary specializes in the production of information.
• B)A financial intermediary reduces its risk exposure by pooling its assets.
• C)A financial intermediary benefits society by providing a mechanism for payments.
• D)A financial intermediary may act as a broker to bring together funds deficit and funds surplus units.
• E)A financial intermediary acts as a lender of last resort.

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Definitions:

Management Principles

Fundamental guidelines or rules for managing an organization effectively, often encompassing planning, organizing, leading, and controlling.

Archie Carroll

Archie Carroll is known for his work on corporate social responsibility (CSR), particularly for developing a pyramid model that outlines the responsibilities of businesses in society.

Responsibility Areas

Specific segments or domains within an organization or project for which individuals or teams are held accountable.

Corporate Social Responsibility

Practices and policies undertaken by corporations to positively impact society and the environment beyond their legal obligations.