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Should banks and financial institutions be obligated to engage in socially-responsible investing? Yes, engaging in socially responsible investing leads to a happier and more fulfilled workforce compared to banks which do not engage in socially-responsible investing.

A. Strong
B. Weak
C. Neither Strong nor Weak
D. Cannot be determined

User Dametime
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1 Answer

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Final answer:

The correct answer is B. The argument linking socially responsible investing to a happier workforce in financial institutions is weak due to the lack of direct evidence supporting the claim and the primary function of banks being financial health, not workforce satisfaction.

Step-by-step explanation:

The statement about banks and financial institutions being obligated to engage in socially-responsible investing leading to a more fulfilled workforce is a weak argument. Financial institutions primarily operate to ensure financial health and stability. While a happier workforce can be an outcome of socially responsible policies, the direct correlation between socially responsible investing and workforce satisfaction cannot be universally substantiated without further evidence. Moreover, bank supervision aims to ensure banks remain financially healthy, focusing on net worth and risk management rather than directly influencing workforce satisfaction.

Universal Generalizations suggest that banks provide saving and investing opportunities, which facilitate business borrowing and expansion, but do not inherently guarantee success or happiness of the workforce.

Questions like 'Does a diversified savings and investing portfolio ensure economic success?' guide inquiry towards the broader economic impact rather than workplace satisfaction. Therefore, the claim provides insufficient evidence to support the assertion that socially responsible investing will lead to a happier workforce.

User Andrew Porritt
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