The Scandals Involving Enron, World Com, Global Crossing and Other

question 28

Multiple Choice

The scandals involving Enron, World Com, Global Crossing and other large firms:

• A)Are examples of asymmetric information and have led, at least temporarily, to a less well functioning stock market
• B)Is what should have been expected on the part of investors, that is why there is a risk premium
• C)Have resulted in a cry for less government regulation of public corporations
• D)Demonstrate that the government should be responsible for collecting and distributing financial information on firms

---

Definitions:

Performance Praise

Positive feedback given to individuals on their performance or achievements, typically aimed at reinforcing desired behaviors or outcomes.

SCCT

Social Cognitive Career Theory, a conceptual framework that emphasizes the role of cognitive processes in career development.

Counseling

A professional service providing advice, guidance, and support to individuals or groups to improve mental health, resolve conflicts, and address personal challenges.

Goals

Targets or outcomes that an individual or organization aims to achieve within a specific timeframe.