Question

Which of the following could most likely have prevented the accounting scandals of the early 2000s and the global financial crisis?
A. Adopting a narrow shareholder perspective
B. Separating economic interests and social needs
C. Practicing effective corporate governance
D. Adopting the principles of shareholder capitalism

Answer 1

Answer:

C. Practicing effective corporate governance

Explanation:

Accounting scandals refer to the scandals of the business that occurs from the change in the financial statements that to be done in a deliberate manner also the disclosing information is misled. It involves an organization as a whole.

In order to prevent the accounting scandals and the global financial crisis it could practicing corporate governance in an effective manner

Hence, the correct option is C.