Most Observers Agree That Enron's Problems Were Caused By

question 6

Multiple Choice

Most observers agree that Enron's problems were caused by:

• A)Management's failure to exercise adequate oversight
• B)Failure of the audit committee to exercise adequate oversight
• C)Auditor's lack of independence
• D)Deficiencies in audit procedures
• E)Failure of the board of directors to exercise adequate oversight

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Definitions:

Societal Norms

The rules, behaviors, and standards considered acceptable and normal within a society or community.

Organizational Culture

The shared beliefs, values, norms, and practices that guide the behavior of individuals within an organization.

Across Cultures Competency

The ability to effectively understand, communicate, and interact with individuals from different cultural backgrounds.

Organizational Culture

The collection of values, behaviors, beliefs, and norms that influences how individuals within an organization interact and work.