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Week 3 tutorial: Recent examples of irresponsible business (Assessed)
Using points from the discussion at the end of the Week 2 lecture, prepare your answers to the following.
1. What is Hypothetical Future Value (HFV)? How did this contribute to Enron’s downfall?
2. Why would ‘good’ people engage in unethical activities in business?
3. What were the social factors that contributed to the failure of Enron? Briefly explain two key factors.

Answer 1: Hypothetical Future Value or called (HFV) is an accounting method used by Enron and the HFV has contribute Enron’s downfall because their business problem which is unethical behavior.
Answer2. This can believe that the reason why good people engaged, it might because of leading people, power and social status. Good people left them self they were given the wrong information that might be possible for the reason that good people engage in unethical activities in business. For example, in India, the happen is they haven’t done the basic customer need assessment in term of those customer in India can’t afford their electricity. The second reason is because of authority that you have supported and you have to pay for your president and so on for making a lot of money. Moreover, the third reason is the breaking rule. There are many difference type of name, which are Blackballing, Excommunication, Disfellowship, Discharge, Expulsion and denial. Self-serving bias is people who tend to focus on information that their pre-existing view to ensure and to understand the way that their support their own view. In addition, there is Slippery Slope, which describe people who tend to do unethical things because they have already done smaller and less extreme that lead to the choice less of unethical. Because unethical things causes by investment that is wrong, waste or called “corruption” so those people tend to continue...

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