When the Enron Corporation Went Bankrupt in 2001,this Collapse Was

question 24

Multiple Choice

When the Enron Corporation went bankrupt in 2001,this collapse was the largest corporate failure in history and the name has since become synonymous with corporate fraud.Enron's board of directors failed to monitor,question,or analyze the company's management and business practices,and billions of dollars' worth of unscrupulous activities were conducted to make Enron look more financially stable than it was.Though the board had access to evidence that something was wrong with Enron's business practices,a culture had developed in which conformity was encouraged and diverse views not acceptable.In other words,Enron fell prey to

• A) social facilitation.
• B) group polarization.
• C) social loafing.
• D) groupthink.

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Definitions:

Convenience Stores

Small retail businesses that aim to sell everyday items such as snacks, beverages, and household goods, emphasizing quick service and easy access.

Warehouse Clubs

Large retailers with an irregular assortment, low service levels, and low prices that often require membership for shoppers.

Level of Service

A measure of the quality and efficacy of a service provided to customers, often evaluated based on customer satisfaction and performance metrics.

Specialty Store

A type of retailer that concentrates on a limited number of complementary merchandise categories in a relatively small store.