Off-balance-sheet activities often affect the shape of an FIs current balance sheet through the creation of contingent claims.

Which of the following statements is true of the managerial school of social responsibility?

A) It argues that a firm must have the trust of all groups, both internal and external. B) It argues that the social costs of doing business are the collective responsibility of the government. C) It asserts that a business is a legal entity in our society that must be held responsible for its activities. D) It sees all business units as accountable to elected public officials.

Employers must make reasonable accommodations for employees as long as they do not cause an undue hardship

Indicate whether the statement is true or false