Solved

Match the Key Terms to the Descriptions Below

Question 9

Matching

Match the key terms to the descriptions below. Use each description only once.

Premises:
Fannie Mae
Refco
Kenenth Lay
Arthur Andersen
Andrew Fastow
Enron
Jeff Skiling
WorldCom
Responses:
A financial services company known as a commodities and futures broker
Misled the public and regulators by classifying expenditures improperly and had drawn excessively on reserves
Former Chief Financial Officer of Enron
The accounting firm in charge of the WorldCom scandal
Former CEO of Enron who stepped down in 2000 to pursue political office
Former CEO of Enron who resigned after five months and in conjunction with an energy crisis
A corporation that purchases and securitizes mortgages ensuring funds are available to lend to home buyers
A scandal that lost millions in retirement accounts of office managers, pipefitters, and sheet metal workers

Correct Answer:

Fannie Mae
Refco
Kenenth Lay
Arthur Andersen
Andrew Fastow
Enron
Jeff Skiling
WorldCom
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