ABC Oil Company went bankrupt after it was discovered that the company had engaged in accounting fraud and questionable business ethics.In recent years,failures in ________ have raised issues about the very ethics and culture of the conduct of business.

Question

Quizplus · Accepted Answer

The term "corporate governance" relates to the rules, regulations, and mechanisms by which corporations are directed and controlled. It refers to the ethical and responsible business practices that guide decision-making by a business organization. In the given scenario, the failure of ABC Oil Company was due to unethical practices and accounting fraud, which highlights the importance of corporate governance in ensuring ethical conduct in business organizations. Therefore, option D is the correct answer. Options A, B, C, and E are not relevant to the given scenario.

ABC Oil Company Went Bankrupt After It Was Discovered That