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Companies like Enron, WorldCom, and Tyco International, Ltd. have been caught in the midst of ethical lapses that led to fines, firings, and criminal and/or civil prosecution. List and briefly describe three factors that are responsible for what went wrong in these companies.
Stare Decisis
A legal principle that obligates courts to follow historical cases when making a ruling on a similar current or future case.
Predictability
The ability to accurately forecast future events or outcomes based on current or past information.
Judicial Decisions
Rulings made by courts interpreting and applying laws in specific cases, which can influence future legal actions.
Legislative Branch
One of the three branches of government responsible for creating and enacting legislation or laws.
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