Of the Following Statements About WorldCom,which Is NOT True

question 60

Multiple Choice

Of the following statements about WorldCom,which is NOT true?

• A) It began in 1983 as Long Distance Discount Services,Inc.
• B) From 1999 to 2002,the company had manipulated earnings by using fraudulent accounting methods.
• C) Five techniques were used to cook the books.
• D) WorldCom filed for Chapter 11 bankruptcy in 2002.
• E) CEO Bernie Ebbers was sentenced to 25 years in prison.

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Definitions:

Authoritarian

Describes a governing system with strict obedience to authority at the expense of personal freedom.

Permissive

A parenting or leadership style characterized by low demands with high responsiveness, where adults are more lenient and may avoid setting firm boundaries.

Longitudinal Research

A research design that involves repeated observations of the same variables over short or long periods of time.

Cross-Sectional Research

Cross-sectional research is a study design that examines data from a population, or a representative subset, at one specific point in time.