When the Enron Corporation Went Bankrupt in 2001, This Collapse

question 415

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.
• E)the fundamental attribution error.

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Definitions:

Introverts

People who tend to be more inward turning, focusing on internal thoughts and feelings rather than seeking external stimulation.

Psychodynamic Perspectives

A psychological approach that emphasizes unconscious psychological processes and childhood experiences in shaping personalities and behaviors.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing their behaviors, thoughts, and patterns.

Carl Rogers

An influential American psychologist known for his contributions to humanistic psychology and his development of the person-centered approach to therapy.