Which of the Following Represents an Attempt to Manage Social

question 78

Multiple Choice

Which of the following represents an attempt to manage social responsibility by means of what the text calls ethical compliance?

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

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Definitions:

Interdependent

A situation where entities or individuals depend on each other, often seen in economic and social settings.

Oligopoly

A market structure in which a few firms dominate the market, leading to a high level of market concentration.

Oligopolistic Industry

A market structure characterized by a small number of firms whose decisions affect and are affected by each other, leading to strategic behavior and interdependence.

Optimal Strategy

The best course of action that maximizes benefits or minimizes costs under given circumstances, often used in decision-making and game theory.