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question 34

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Definitions:

WorldCom

An American telecommunications company that was involved in one of the largest accounting fraud scandals in history, leading to its bankruptcy in 2002.

Buys Time

A phrase meaning to delay an event or decision in order to gain more time to make a better decision or prepare.

Ethical Action

Conduct or decisions made based on moral principles and values, typically reflecting what is considered right or acceptable behavior.

Corporate Governance

The system of rules, practices, and processes by which a company is directed and controlled, focusing on balancing the interests of its various stakeholders.