When WorldCom Used Intentional Accounting Irregularities to Make the Company

question 228

Multiple Choice

When WorldCom used intentional accounting irregularities to make the company look more profitable than it actually was, it:

• A) provided its stockholders profit through a tax loophole.
• B) acted in an acceptable business manner.
• C) engaged in illegal behavior.
• D) executed its responsibility to its owners.

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Definitions:

Objective Cause

An event or factor that independently exists and leads to a specific outcome or effect.

Subjective Causes

Factors perceived or experienced from an individual's own perspective, which can influence their thoughts, feelings, or behaviors.

Structuralism

A pioneering psychology branch that employed self-examination to investigate the basic architecture of the human psyche.

Critical Thinking

The process of actively analyzing, assessing, and synthesizing information to make informed judgments.