Of the Following Statements About WorldCom,which Is NOT True

question 60

Multiple Choice

Of the following statements about WorldCom,which is NOT true?

• A) It began in 1983 as Long Distance Discount Services,Inc.
• B) From 1999 to 2002,the company had manipulated earnings by using fraudulent accounting methods.
• C) Five techniques were used to cook the books.
• D) WorldCom filed for Chapter 11 bankruptcy in 2002.
• E) CEO Bernie Ebbers was sentenced to 25 years in prison.

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Definitions:

Supply Of Wheat

The quantity of wheat available in the market from producers at various price levels.

Price Of Wheat

The current market value at which wheat per unit (such as a bushel) can be bought or sold.

Product Supply Curve

A graphical representation showing the relationship between the price of a product and the quantity of the product that producers are willing and able to supply.

Firms Leaving

The process of companies exiting a market or industry, often due to unprofitability or strategic realignment.