Enron Scandal Quiz

When did Enron file for Chapter 11 bankruptcy?

• October 2001

• November 2001

• December 2001

• December 2000

Who was the CEO of Enron at the time of its collapse?

• Sherron Watkins

• Andrew Fastow

• Jeffrey Skilling

• Kenneth Lay

What was Enron's primary business?

• Real estate development

• Retail operations

• Telecommunications

• Energy trading

What accounting practice did Enron use to overstate its revenue?

• Mark-to-market accounting

• Accrual basis accounting

• Cash basis accounting

• Historical cost accounting

Which government agency failed to properly oversee Enron's activities?

• Federal Trade Commission (FTC)

• Internal Revenue Service (IRS)

• Federal Reserve

• Securities and Exchange Commission (SEC)

What term was used to describe Enron's fraudulent accounting techniques?

• Enronmania

• Enronomics

• Enronitis

• Enronology

Who was the CFO of Enron?

• Kenneth Lay

• Jeffrey Skilling

• Sherron Watkins

• Andrew Fastow

What was the largest accounting scandal in history before Enron?

• Lehman Brothers

• WorldCom

• Tyco International

• Global Crossing

What was the main cause of Enron's collapse?

• Unrealistic market expectations

• Special purpose vehicles

• Inaccurate financial reporting

• Poor corporate governance

What was the stock price of Enron before the fraud was discovered?

• $90.75

• $0.26

• $44.38

• $74.88