Question

Which companies are known for scandals and misleading the public as well as creating a crisis in corporate governance and ethics between the years of 2000 and 2008?

1) Enron Corporation
2) WorldCom
3) Tyco International
4) Adelphia Communications
5) All of the above

Answer 1

Between 2000 and 2008, Enron Corporation, WorldCom, Tyco International, and Adelphia Communications were known for scandals and misleading the public, creating a crisis in corporate governance and ethics.

Step-by-step explanation:

Between the years 2000 and 2008, several major companies were involved in scandals and misleading the public, creating a crisis in corporate governance and ethics. These companies include:

1. Enron Corporation: Enron is one of the most well-known corporate scandals in history. It involved widespread accounting fraud, which eventually led to the company's bankruptcy.
2. WorldCom: WorldCom was involved in a massive accounting scandal in 2002. The company inflated its assets by billions of dollars, leading to its downfall and bankruptcy.
3. Tyco International: Tyco International was involved in a scandal in which its top executives engaged in embezzlement and other financial crimes. This led to the collapse of the company.
4. Adelphia Communications: Adelphia Communications was involved in a scandal in which its executives engaged in widespread accounting fraud and embezzlement.

All of these companies were highly criticized for their unethical behavior, which had a significant impact on their shareholders, employees, and the overall economy.