Fin370 Quiz 1

Topics: Enron, Enron scandal, Enron: The Smartest Guys in the Room Pages: 7 (509 words) Published: January 30, 2015
Question 1
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Who were the two authors of the book who also appeared in the film  ENRON The Smartest Guys in the Room? Select one:
a. McLean and McCarthy
b. McLean and Elkind
c. McCarthy and Elkind
d. Shapiro and Mc Lean

Question 2
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ENRON executives pushed up their stock prices and then cashed in their multi-million dollar options in a process called  Select one:
a. mark to market
b. just in time
c. non recourse financing
d. pump and dump

Question 3
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What was the name of the ENRON executive who was hired by Jeff Skilling and served as the Chief Financial Officer Select one:
a. Lou Pai
b. Andrew Fastow
c. Ken Lay
d. Bethany McLean

Question 4
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As a result of the ENRON bankruptcy and scandal, Congress passed this legislature to enforce accountability on the directors of corporate boards? Select one:
a. Corporate Accountability Act
b. Affordable Health Care Act
c. Sarbanes Oxley Act
d. The JOBS Act

Question 5
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One way the ENRON management artificially inflated the market price of the company's common stock  was to hide the company's debt in these subsidiaries, known as ____. Select one:
a. slush funds
b. special purpose entities
c. hedge funds
d. offshore banks

Question 6
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ENRON attempted to arbitrage the electric markets in this state by convincing managers to shut down plant output.  What state was it? Select one:
a. California
b. Washington
c. Nevada
d. Oregon

Question 7
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One of the most disastrous projects that ENRON embarked on as a major multinational corporation was the power plant in this country.  What was the country's name? Select one:
a. Brazil
b. Mexico
c. Indonesia
d. India

Question 9
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Who was the ENRON executive who had a Ph.D. in economics and considered the Bush family close friends? Select one:
a. Jeff Skilling
b. Andrew Fastow
c. Ken Lay
d. Lou Pai

Question 10
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What was the method of adjusting the daily value of natural gas contracts that the government claimed ENRON abused? Select one:
a. accrual accounting
b. cash accounting
c. mark to market accounting
d. just in time inventory

Question 8
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Who was the executive hired by Ken Lay who was working for McKinsey and Company before he came onboard ENRON with the condition that ENRON must be allowed to use a special accounting system related to futures contracts for natural gas? Select one:

a. Andrew Fastow
b. Cliff Baxter
c. Jeff Skilling
d. Lou Pai
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