Enron's Use of Special Purpose Entities Led To

question 5

Multiple Choice

Enron's use of Special Purpose Entities led to:

• A) Widespread, and wholly unexpected, embezzlements of funds
• B) Widespread embezzlements of funds that could had, and should have, been readily anticipated
• C) The accounting profession developing the concept of consolidated financial statements
• D) Rule changes in GAAP

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Definitions:

Carl Rogers

A prominent psychologist known for developing client-centered therapy and his contributions to humanistic psychology.

Abraham Maslow

An American psychologist famous for creating Maslow's hierarchy of needs, a theory in psychological health predicated on fulfilling innate human needs.

Sigmund Freud

An Austrian neurologist who founded psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Hierarchy of Needs

A theoretical framework in psychology proposed by Abraham Maslow, organizing human needs into a pyramid with basic physical requirements at the bottom and self-actualization at the top.