Of the following, which is NOT true of the Enron financial scandal?
A) It was a key event leading the U.S. Congress to pass the Sarbanes-Oxley Act of 2002.
B) Unfortunately, it was always regarded as an unethical company.
C) In 2000, corporate revenues exceeded $100 billion.
D) The company's former president, Jeffrey Skilling, led Enron to abuse an accounting practice known as mark to market accounting.
E) The truth about Enron was revealed in 2001.

Question

Quizplus · Accepted Answer

The statement "Unfortunately, it was always regarded as an unethical company" is not true. Enron was once considered a highly innovative and successful company, with Fortune magazine naming it "America's Most Innovative Company" for six consecutive years. However, the company's unethical business practices and financial fraud were eventually exposed, leading to its downfall.

Of the Following, Which Is NOT True of the Enron