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Enron
Opportunity cost can be loosely defined as the cost of passing up or forgoing other choices by making a particular decision. In terms of values, opportunity cost involves participating in actions that purport one value in favor of another. When corporations engage in activities that some individuals may consider morally improper, many assume that unless these companies step over the limitations of the law, no ethical inquiries need be raised. In the realm of business, ethical boundaries are often stretched in order to obtain the all-mighty profit. Many companies put forth mission and vision statements highlighting their codes of ethics and values, which in essence, identifies their level of consciousness. However, their actions often show that their values stray from that proposed.
Corporate and executive improprieties sometimes transcend the moral dimension and proceed to enter the domain of illegality. The most notorious example of current times is the Enron Scandal. In December of 2001, the Enron Corporation became one of the largest bankruptcies in U.S history, due to numerous charges and admissions of fraudulent practices. Not only did this bring about the downfall of the Enron Corporation alone, but the scandal also
Approximate Word count = 1381
Approximate Pages = 6 (250 words per page double spaced)
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