The Fall of Enron and WorldCom Was Due to

question 75

Multiple Choice

The fall of Enron and WorldCom was due to

• A)Substandard products
• B)Poor strategic plan
• C)Unsavoury financial and management practices
• D)Failure of marketing plan
• E)No longterm business plan

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Definitions:

Qualifying Relative

A designated family member or other individual who meets specific IRS criteria for dependency exemptions.

Blind

A status on tax filings that provides additional deductions or credits for individuals who are legally blind.

Joint Return

A tax return filed jointly by a married couple, combining their incomes, exemptions, and deductions.

Earned Income

Income derived from active employment and work, such as wages, salaries, tips, and professional fees.