What Was WorldCom's Risk in Relation to Mr

question 176

Multiple Choice

What was WorldCom's risk in relation to Mr. Ebbers' personal loans?

• A) Ebbers had conflicting business interests with WorldCom
• B) Embarrassment if the CEO did not repay his loans
• C) Loss of company control through creditor foreclosure on Ebbers' pledged shares
• D) The increase in the share price

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Definitions:

Thirteenth Amendment

Amendment to the United States Constitution that abolished slavery and involuntary servitude, except as punishment for a crime.

Slavery

A practice or system in which individuals are owned as property by others and are forced to work without rights or compensation.

Private Individuals

Persons who act in their own interest or behalf, without holding any public or official position, typically in the context of private life or business.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing essential rights and protections, such as freedom of speech and religion.