Based on the class discussion of the case study entitled, Accounting Fraud at WorldCom, all of the following statements are true except:

a. WorldComs vague and legalese Code of Conduct may have contributed to consistent high level override by management.

b. Catastrophic failures often result from multisystem failures (many things going wrong at the same time).

c. WorldComs remote location (in Clinton, Mississippi) may have contributed to employee hesitation in reporting the malfeasance going on within the Company.

d. A singular desire to be, the number one stock on Wall Street represents flawed thinking which may lead to fraudulent behavior.