Examlex
In an experiment investigating the effect of culture on perception, participants from the United States and participants from East Asia were found to use different brain areas when making judgments about relative line length, but not when making judgments about absolute line length.
Subprime Mortgages
Subprime Mortgages are loans offered to individuals with poor credit histories, posing higher risks of default but charging higher interest rates for lenders.
Accounting Scandal
An accounting scandal involves the deliberate manipulation of financial statements to create a false or misleading appearance of a company’s financial health, often to deceive investors and regulators.
Parmalat
An Italian dairy and food corporation that became famous for a massive corporate fraud and bankruptcy scandal in 2003.
WorldCom
A telecommunications company that was involved in one of the largest accounting fraud scandals in history, leading to its bankruptcy in 2002.
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