Q#1: Enron was investigated by Congress, the FBI, the Justice Department and the*

A): Wall Street Police

B): Department of Defense

C): Securities and Exchange Commission

D): Congressional Budget Office

Q#2: In the 1990s, Congress and many states changed policies affecting electricity and oil businesses. WHich term best describes this new atmosphere?*

A): determined

B): destabilized

C): defended

D): deregulated

Q#3: Enron began to get in trouble when it engaged in the risky business of futures contracts, in which it agreed to buy or sell oil - to cite one example - at a fixed price at some time in the future. What are these future contracts sometimes referred to as?*

A): derivatives

B):predictors

C): stocks

D): bonds

Q#4 : Why did Enron set up subsidiary companies - many outside the United States? To hide*

A): its business deals from American competitors

B): debts, losses, and bad business deals

C): excess profits

D): executives' salaries from stockholders

Q#5: Enron fell because of all of the following EXCEPT:*

A): the energy trading business model

B): accounting fraud

C): losses on futures contracts/broadband

D): misrepresented loans

Q#6: Who was the mastermind CEO of Enron who received the longest jail sentence of any Enron employee?*

A): Ken Lay

B): Andrew Fastow

C): J. Clifford Baxter

D): Jeff Skilling

Q#7: Who was Enron's accounting firm and auditor?*

A): Ernst & Young

B): Arthur Andersen

C): Price Water house Coopers

D): H & R Block