WorldCom's Failure to Report $3

question 54

Multiple Choice

WorldCom's failure to report $3.8 billion of operating expenses is an example of:

• A) an effort to conform to changed accounting rules.
• B) an attempt to maximize the value of the shareholders' investment in the firm.
• C) an effort to serve the needs of the customer.
• D) an attempt to increase the company's market value in an unethical way.

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Definitions:

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, and environment.

Higher-Brain

A concept focusing on the critical functions of the cerebral cortex, especially in discussions about brain death, consciousness, and criteria for determining death.

Personhood

The quality or condition of being considered a person, often discussed in moral, legal, and philosophical contexts, affecting rights and responsibilities.

Rachels

Likely refers to James Rachels, an American philosopher who specialized in ethics and created influential arguments concerning moral objectivity and euthanasia.