Financial Scandals Around the Turn of This Century at Enron

question 17

Multiple Choice

Financial scandals around the turn of this century at Enron, WorldCom, Adelphia, HealthSouth, and others led to which of the following?

• A)greater reliance on nonstandard accounting practices
• B)less reliance on nonstandard accounting practices
• C)new laws and governmental rulings that limit business's discretionary actions
• D)revocation of laws and rulings that limit business's discretionary actions

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Definitions:

Volcanic Eruptions

Natural geological phenomena involving the release of gases, ash, and molten rock from beneath the Earth's surface.

Oil Spill

The release of liquid petroleum hydrocarbons into the environment, especially marine areas, leading to pollution.

Geologic Resources

Naturally occurring materials of economic value extracted from the Earth, including minerals, fossil fuels, and groundwater.

Floodplains

Flat or nearly flat land adjacent to a stream or river that experiences occasional or periodic flooding.