Which of the Following Is NOT True According to Enron's

question 25

Multiple Choice

Which of the following is NOT true according to Enron's case?

• A)Fastow developed the concept of buying up oil and gas companies to increase Enron's reserves for future sale.
• B)Fastow worked to structure ventures that met the conditions under GAAP to keep the partnership activities off Enron's books and on the separate books of the partnership.
• C)Fastow created SPE that borrowed money from banks and transferred to Enron in a sale of an operating asset no longer needed by Enron.
• D)The SPE created by Fastow enabled Enron to keep debt off its books while benefiting from transfer and use of the cash borrowed by the SPE.

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Definitions:

Refreezing Phase

The final stage in the change process where new behaviors become solidified into the organization's culture, ensuring the change is sustained over time.

Declaring Victory

The act of officially announcing or acknowledging success in a specific endeavor, project, or competition.

Forgetting

The failure to remember information, experiences, or how to perform tasks over time.

Abandoning

The act of giving up or discontinuing a process, project, or pursuit without intention to return.