Which of the Following Is Most Likely at the Root

question 142

Multiple Choice

Which of the following is most likely at the root of the problems that befell an unethical company like Enron?

• A)poor ethics training programs
• B)no written code of ethics
• C)leaders with such high ethical standards that ordinary people could not hope to live up to them
• D)leaders with poor ethical standards

---

Definitions:

Investment Account

A financial account held at a financial institution that holds securities, such as stocks or bonds, for investment purposes.

Goodwill Impairment

An accounting charge that companies record when the value of goodwill on the balance sheet exceeds the tested fair market value.

Reporting Units

Components of a business entity for which discrete financial information is available and is reviewed by the entity's management.

Intangible Assets

Assets that do not have physical substance but provide economic benefits to the owner, such as patents, trademarks, and goodwill.