WorksheetsEnron - the crooked E
Total questions: 15
Worksheet time: 8mins
what happened in the ENRON scandal
the company cooked the books sand pulled of shady accounting tricks
the company donated its funds with its custumers
lost of income to the shareholders
who founded the company
Bill gates
Ken Lay
Jeffrey Skilling
how did ENRON trick people to invest in their stocks
used mark to market accounting( recognizing profit that is not profit)
they put their liabilities in other side companies
auditors were bribed
all of the above
what rules are made after the incident
All auditors have been fired to prevent future scandals
auditors have stricter rules and CEO and CFO have to certified statements to prevent backing out
All energy companies have put to shutdown for inspection if other energy companies are included
Enron had connections with:
George W. Bush
Steve Jobs
Mark Zuckerburg
all the above
The first sign of trouble was:
selling fake stocks
traders moving money into fake accounts
market to market accounting
making fake deals
Jeff Skilling created competition by:
giving stocks away
implementing an employee rating system
creating a 401K system
none of the above
The accounting firm that did the (ethically and financially flawed) audits for Enron was:
Price Water House
Auther Anderson
Ernst & Young
Deloitte & Touish
The company motto was... (ironically)
Who did it?
Ask Why?
When Investment doesnt work?
Today?
The employees of Enron were advised to buy ______________.
insurance
stocks
certificates of retirement
company apparel
Enron's business ventures included all the the following EXCEPT:
the weather
gas
electricity
IRA's
Enron took control of California and ____________ began to occur to create demand ( all caused by Enron)
limited cash flow
resource depletion
Power outages
deforestization
The home of Enron was _______________.
dallas
houston
California
Colorado
the BEST way to describe the way Enron was able to show profits was called: _______________________________ accounting.
shell accounts
offshore
Market to market
Tomfoolery
When employees were being told to buy shares, the officers of Enron were ______________________.
retiring
selling their stock
making hundrends of milions
all the above
