Enron Is an Example of a Firm That ______

question 13

Multiple Choice

Enron is an example of a firm that ______.

• A)had a strong corporate social responsibility position that translated into ethical practices
• B)had a weak set of formal ethical positions but was an ethical firm nevertheless
• C)a strong set of corporate social responsibility positions that were just greenwash
• D)was the first firm to have a chief CSR officer

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Definitions:

Bananas

Edible fruits from plants of the genus Musa, commonly enjoyed worldwide and known for their nutritional value.

Utility Function

A representation in economics of how consumers rank different bundles of goods based on the level of satisfaction or utility they provide.

Budget Constraint

An equation that represents all combinations of goods and services a consumer can afford, given their income and the prices of the goods.

Income

The financial gain earned or received over a period of time, typically through work, investments, or business ventures.