A large investment bank has been notified by the Securities and Exchange Commission that several of its sales and trading officials may face charges for taking inflated commissions —in exchange for providing information on IPO shares in 1999 and 2000. This plus many other allegations caused the bank to release the following statement: "Our business dealings follow an accepted code of conduct in our industry." This statement means the bank executives:
A.
are taking full blame for its actions.
B.
will accept punishment for their actions if the punishment is determined by members of their industry.
C.
believe they should be punished only if everyone else in their industry is.
D.
attribute the bank's action to business culture.
Answer: D
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Marketing
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