Fraud in Companies Such as WorldCom, Enron, Waste Management, Sunbeam

question 48

Multiple Choice

Fraud in companies such as WorldCom, Enron, Waste Management, Sunbeam, Rite-Aid, Phar-Mor, and Parmalat are examples of:

• A) customer fraud.
• B) investment scams.
• C) vendor fraud.
• D) management fraud.

---

Definitions:

Faster Decisions

The acceleration of decision-making processes, often through improved technology or strategic planning.

More Errors

Refers to an increase in mistakes or inaccuracies in a particular process or task.

System 1

A term often used in psychology, referring to the fast, automatic, and often unconscious way of thinking, as opposed to the slower, more deliberate, and more logical System 2.

System 2

A term often related to dual-process theories in psychology, highlighting slower, more deliberative, and logical thinking, as opposed to intuitive and fast reactions.