Read the scenarios below and choose the best option for each. Describe in no less than three sentences for each choice and explain why you made your choices.

Holly is a young branch manager with a large bank. She has been directed to be aggressive in increasing loans and deposits. Lombs' Co. is a $5 million dollar client. Lombs’ president wants a $500,000 mortgage loan for a new home. Holly approves the loan and calls her boss Sharon. Sharon tells her that a group of checks that were deposited to Lombs’ did not go through because of some accounting errors. Consequently, Lombs' account had received an insufficient funds notification. Sharon wants Holly to make sure that Lombs’ does not have to pay the $20,000 penalty. Holly should:

1. refuse to follow Sharon’s suggestion, charge Lombs the $20,000 fee, and risk the consequences.
2. find a way to hide it and charge other clients for the $20,000 penalty.
3. go to the bank president and explain what Sharon wants her to do.
4. refuse to charge Lombs' but argue to Sharon that the bank should pay the penalty.
5. find a way to charge Lombs' in small increments for the penalty without telling them about it.

Answer rating: 100% (QA)

The best option is go to the bank president and explain ... View the full answer