Which of the following was a consequence of the scandal involving Enron Corporation?
A)Forty-two energy-producing companies controlled by the private sector closed down.
B)Most U.S. industries turned to Middle Eastern companies for energy and fuel.
C)More companies resorted to unethical business practices.
D)Enron started paying high salaries and bonuses to all its employees.
E)Twenty thousand Enron employees lost much of their pensions.

Question

Quizplus · Accepted Answer

The scandal involving Enron Corporation led to significant financial losses for its employees, with around twenty thousand of them losing a substantial portion of their pensions due to the company's bankruptcy and the devaluation of its stock.

Which of the Following Was a Consequence of the Scandal