Enron and WorldCom Are Examples Of

question 2

Multiple Choice

Enron and WorldCom are examples of:

• A)Corporate scandals that have undermined the confidence into corporations and top managers' behaviors and have contributed to many improvements of firms' corporate governance systems
• B)Corporate scandals where top managers had self-serving behaviors
• C)Corporate scandals that are unavoidable in the business world and should not have any impact on corporate governance systems
• D)a AND b

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Definitions:

Production Possibilities Frontiers

A curve depicting the maximum viable combinations of two products or services that an economy can produce with given resources and technology.

Opportunity Cost

The expense of not choosing the second-best option available during a decision-making process.

Rice

A staple food grain consumed worldwide, known for its versatility and ability as a primary source of nutrition for a large portion of the world's population.

T-Shirts

Clothing items made of fabric, typically featuring short sleeves and a round neckline, known for their staple position in casual wear.