One of the Major Reasons That Enron Failed Was That

question 16

True/False

One of the major reasons that Enron failed was that it did not have an articulated code of ethics to guide the company.

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Definitions:

Legitimacy

The general belief that a rule, institution, or leader has the right to govern or command, often based on law, custom, or consent.

Chiefdoms

Socio-political organizations in which authority is centralized in a single leader who wields economic, political, and ceremonial control, often hereditary.

Extremely Unstable

A situation or condition that is highly unpredictable and may change abruptly.

Igbo

An ethnic group primarily located in southeastern Nigeria, known for their rich culture and history.