Which is the most accurate statement? a) we have never had corpoarte corruption
ID: 1167526 • Letter: W
Question
Which is the most accurate statement?
a) we have never had corpoarte corruption until around the year 2000
b) if you asked the average American if he beleived all corporate officers were hones, he would answer "yes"
c) Enron is the only large corporation that was caught up in a financial scandal since the 1980s.
d) Although it may be years before we know the full damages incurred, it seems very likely that the corporate financial scandals of recent years will end up costing those corporations and the public billions of dollars.
Explanation / Answer
Statement (d) is the only correct option.
Corporate corruption has always existed, even if not exposed or publicized (whistle-blown).
Average member of the public believes that some corporate officers are dishonest enough to financially embezzle or misappropriate funds, or twist the law, to their own benefit.
Enron is not the only big firm which was exposed for financial scandal.
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