WorldCom Has Cooked Its Books by __________

question 12

Multiple Choice

WorldCom has cooked its books by __________. The net effect of this was to make a huge loss look like a sizeable profit.

• A)classifying ordinary expenses as capital expenditures
• B)misrepresenting bonuses paid to Ebbers and others
• C)maintaining two set of books-one with real expenses and cash flow and the other with false numbers
• D)exaggerating cash flow

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Definitions:

Health Insurance Rate

The percentage of individuals or entities covered by health insurance plans, which can also refer to the cost of health insurance coverage.

Benefits Package

A collection of non-wage compensations provided to employees in addition to their salaries, such as health insurance, retirement plans, and time off.

Objectives

Specific, measurable goals set by individuals or organizations to achieve within a defined timeframe.

Basic Hierarchy

The fundamental structure of ranking within an organization or system, where entities are ranked according to levels of importance or authority.