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

question 5

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 Enron'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.What might Enron have done differently to prevent this kind of culture?

• A) Have an impartial leader.
• B) Bring in outsiders to offer opinions.
• C) Provide an environment where individuals can dissent.
• D) All of these.

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Definitions:

Scientific Method

A systematic, empirical method of investigating phenomena, acquiring new knowledge, or correcting and integrating previous knowledge.

Unconscious Mind

A part of the mind that influences thoughts, feelings, and behaviors without our direct awareness, containing desires, fears, and motivations.

Stereotypes

Beliefs that associate groups of people with certain traits.

Negative Stereotypes

Are oversimplified and unfavorable beliefs about a group of people, which can lead to discrimination and social stigma.