In 2002, the Enron Corporation Was Accused of Falsifying Information

question 213

Multiple Choice

In 2002, the Enron Corporation was accused of falsifying information regarding liabilities on Enron's balance sheets, thereby

• A)increasing Enron's assets on the balance sheet.
• B)reducing Enron's profit on the balance sheet.
• C)increasing Enron's net worth on the balance sheet.
• D)reducing Enron's net income on the income statement.

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Definitions:

Homology

Refers to the existence of shared ancestry between a pair of structures, or genes, in different species.

Parsimonious

Characterized by extreme or excessive economy or simplicity in approach or methodology, often in scientific theories.

Convergent Evolution

A process whereby organisms not closely related independently evolve similar traits as a result of having to adapt to similar environments or ecological niches.

Homologous

Referring to genes, chromosomes, or structures that are similar in position, structure, and evolutionary origin, but not necessarily in function.