Failures of Corporate Internal Controls and Inadequate Internal Control Systems

question 130

True/False

Failures of corporate internal controls and inadequate internal control systems allowed unethical executives at such companies as Enron and Tyco to act in their own self-interest.

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Definitions:

Utilitarianism

A philosophical theory focused on actions that maximize overall happiness or pleasure for the greatest number of people.

Deontology

An ethical theory emphasizing that the morality of an action should be based on whether the action itself is right or wrong under a series of rules, rather than based on the consequences of the action.

Feminist Ethics

An approach to ethics that prioritizes the experiences and interests of women and other marginalized genders, challenging traditional ethical frameworks that have historically overlooked them.

Ethics of Care

A philosophical perspective that emphasizes the importance of caring, empathy, and maintaining relationships as a moral obligation.