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home / study / business / economics / economics questions and answers / Https://www.dailymercury.com.au/news/prawn-shortage-this-season-keep-prices-up/3372622/..........(b)... Your question has been answered Let us know if you got a helpful answer. Rate this answer Question: Https://www.dailymercury.com.au/news/prawn-shortage-this-season-keep-prices-up/3372622/............. https://www.dailymercury.com.au/news/prawn-shortage-this-season-keep-prices-up/3372622/.........2. (a) Using the determinants of price elasticity of demand, discuss whether you think the price elasticity of demand for prawns to be inelastic or elastic?
Explanation / Answer
The main ethical violations done by Enron managers are the following:
1) the neglect of managerial integrity capacity is the moral root of Enron's legal and financial violation.
2)Enron's balance sheet was window dressed by not showing the true picture of its assets and liabilities.Some of its debt was recorded in the balance sheet of its SPV and was hidden from the analysts and investors.
3)Enron's accountant Arthur Andersen was the major cause of its collapse because of the conflict of interest between auditor and consultant.
4) Enron's managers denied the serious issues of the company as they were more concerned with their personal gain .
5)The CEO and CFO of Enron played major role in the scandal.They committed securities fraud and conspiracy to inflate profit and violated accounting laws and SPE laws.
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