In 2000, American Energy, Commodities, and Services Company Enron Repeatedly

question 43

Multiple Choice

In 2000, American energy, commodities, and services company Enron repeatedly told investors to buy additional Enron stock or hold onto their existing shares. During this time, company executives were aware of hidden losses that were not known by the public and sold their shares of the company. Which of the following best describes Enron's actions during this time?

• A) Enron had a conflict of interest in that it gave investors information to help them earn more money.
• B) Enron lacked transparency in that it did not provide accurate financial information to customers and investors.
• C) Enron did not act in a socially responsible way.
• D) Enron competed fairly and honestly because it did not break any laws or regulations.

Distinguish between elastic and inelastic demand/supply.

Utilize the midpoint method to calculate price elasticity.

Analyze the impact of external factors (e.g., bovine infertility) on market outcomes.

Evaluate the role of OPEC and its influence on the oil market.

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Definitions:

Java

Java is a popular, high-level programming language that is object-oriented and designed to have as few implementation dependencies as possible.

Static Variable

A variable that is shared by all instances of a class in object-oriented programming, and exists independently of any object instances.

SalesTax

A specific percentage added to the price of goods and services that is paid to governing authorities, often used in programming scenarios for financial applications.

Wrapper Classes

Classes in Java that provide a way to use primitive data types (int, char, etc.) as objects.