20. Enron’s illegal and deceptive use of "special purpose entities," which were used to move toxic assets and bad debt f

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answerhappygod
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20. Enron’s illegal and deceptive use of "special purpose entities," which were used to move toxic assets and bad debt f

Post by answerhappygod »

20. Enron’s illegal and deceptive use of "special purpose
entities," which were used to move toxic assets and bad debt from
Enron's consolidated financial reports, is most accurately
described by which statement below?
A) The use of special purpose entities was unethical according
to the theory of of rights (and the categorical imperative) because
Enron's intended deception used shareholders as a means to an
end.
B) The use of special purpose entities was unethical according
to the theory of utility because Enron's intended deception used
shareholders as a means to an end.
C) The use of special purpose entities was unethical according
to the theory of rights (and the categorical imperative) because
Enron's illegal use of SPE's violated very specific securities laws
for public companies that other companies were required to follow
by the SEC, creating an unfair advantage.
D) The use of special purpose entities was unethical according
to Rawls' theory of justice as fairness because the ultimate
outcome of the deception of shareholders was the massive loss of
value in the stock market.
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