Which of the following is the most likely response to the corporate scandals of firms like Enron?
A)The government will continue to deregulate businesses.
B)New laws will be passed to protect investors and workers.
C)Competition will increase providing greater value for consumers.
D)There will be a decrease in the number of lawyers nationwide.

Question

Quizplus · Accepted Answer

The corporate scandals of firms like Enron brought to light the lack of oversight and accountability in corporate governance. The public outcry and pressure for reform led to new laws such as the Sarbanes-Oxley Act, which aimed to protect investors and increase transparency in financial reporting. Therefore, it is most likely that new laws will be passed to protect investors and workers.

Which of the Following Is the Most Likely Response to the Corporate