In the BP Deepwater Horizon case, the company's executives made some unethical decisions that led to the explosion and destruction of the oil rig. Which of the following may have incentivized the executives to make these decisions? a. The Deepwater Horizon project was one of many rigs BP was operating in the Gulf of Mexico, as the company had 650 leases b. BP had a reputation as a pioneer in the industry and deepwater drilling in the Gulf of Mexico was considered the frontier c. BP had a diverse group of shareholders located around the world d. BP did not own the oil rig - they were renting it from Transocean
In the BP Deepwater Horizon case, the company's executives made some unethical decisions that led to the explosion and destruction of the oil rig. Which of the following may have incentivized the executives to make these decisions? a. The Deepwater Horizon project was one of many rigs BP was operating in the Gulf of Mexico, as the company had 650 leases b. BP had a reputation as a pioneer in the industry and deepwater drilling in the Gulf of Mexico was considered the frontier c. BP had a diverse group of shareholders located around the world d. BP did not own the oil rig - they were renting it from Transocean
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
In the BP Deepwater Horizon case, the company's executives made some unethical decisions that led to the explosion and destruction of the oil rig. Which of the following may have incentivized the executives to make these decisions?
a. |
The Deepwater Horizon project was one of many rigs BP was operating in the Gulf of Mexico, as the company had 650 leases |
|
b. |
BP had a reputation as a pioneer in the industry and deepwater drilling in the Gulf of Mexico was considered the frontier |
|
c. |
BP had a diverse group of shareholders located around the world |
|
d. |
BP did not own the oil rig - they were renting it from Transocean |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Recommended textbooks for you
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON