GRE Psychology: Questions 247 - 250 of 437
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Question number: 247
Enron Corporation bankruptcy in 2001 was the largest collapse & corporate failure in history, and is linked to corporate fraud. Enron’s board of directors failed to monitor, question, or analyze Enron’s management and business practices, and billions of dollars’ worth of unscrupulous activities were conducted to make Enron look more financially stable than it was. Though the board had access to evidence that something was wrong with Enron’s business practices, a culture had developed in which conformity was encouraged and diverse views were not acceptable. In other words, Enron fell prey to
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