After the Scandals at WorldCom,Tyco,and Enron,in Which Company Employees Lost

question 108

True/False

After the scandals at WorldCom,Tyco,and Enron,in which company employees lost millions of dollars and their nest eggs,there was less concern for corporate governance and more interest in the development of corporate social responsibility.

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Definitions:

Norms

Unwritten rules that are socially enforced, guiding individual behavior within a group or society to ensure predictability and conformity.

Organizational Rules

Established guidelines and protocols within an organization that dictate the behavior, actions, and decisions of its members.

Groupthink

A psychological phenomenon occurring in a decision-making group where the desire for harmony or conformity results in an irrational or dysfunctional outcome.

Stereotypical False Assumptions

Erroneous beliefs or generalized ideas about a group or category of people that do not account for individual diversity and complexity, often leading to misunderstanding and discrimination.