What happened when Merrill Lynch fired John Olson, a wall street analyst who would not rate Enron a "strong buy"? Enron "rewarded" Merrill Lynch for two jobs worth $50 Million John Olson sued Merrill Lynch and Enron Enron hired John Oisen Nothing, this was not mentioned in the movie Question 2 1 pts How did Enron Energy Services (EES) turnaround a losing quarter to show profit by the end of the quarter? They constricted the energy supply and they sold electricity at a huge mark up. They sold three Nigerian barges They used mark to market accounting They bribed power plant officials What was the rationalization of the fraud for Enron's executives? The auditors had signed off and they were technically in compliance with their contract with the State of California. Andy Fastow's grandma was sick No one likes California anyway. They were helping Blockbuster compete with Netflix. Question 4 1 pts What part of Valhalla was illegal? Traders diverting Enron funds to their personal accounts. Traders taking big risks when investing Enron's money Ken Lay refusing to fire the traders The board urging Ken Lay to fire the traders. When discussing LM, who did the movie refer to as "useful idiots"? Wall Street invesetment Banks Andy Fastow and the Enron Accounting team Jeff Skilling and Ken Lay Fortune managize and their writers, including Bethany McLean Question 6 Which public utility did Enron purchase on the West Coast? Portland General Electric Pacific Gas and Electric SMUD ConEd Which of the following was NOT a name for a strategy to game California's electricity market? Game of Thrones Death Star Fat Boy, Get Shorty What Accounting Principle does Mark to Market accounting violate? Revenue Recognition Principle Matching Principle Full Disclosure Principle Measurement Principle What was the opportunity to commit fraud for the Enron executives? Their auditors, lawyers, the SEC and the industry analysts signed off on their accounting practices and didn't question their financial results. Their company culture of taking risks. Ken Lay's relationship to the Bush family. Jeff Skilling's LASIK What happened when Merrill Lynch fired John Olson, a wall street analyst who would not rate Enron a "strong buy"? Enron "rewarded" Merrill Lynch for two jobs worth $50 Million John Olson sued Merrill Lynch and Enron Enron hired John Oisen Nothing, this was not mentioned in the movie Question 2 1 pts How did Enron Energy Services (EES) turnaround a losing quarter to show profit by the end of the quarter? They constricted the energy supply and they sold electricity at a huge mark up. They sold three Nigerian barges They used mark to market accounting They bribed power plant officials What was the rationalization of the fraud for Enron's executives? The auditors had signed off and they were technically in compliance with their contract with the State of California. Andy Fastow's grandma was sick No one likes California anyway. They were helping Blockbuster compete with Netflix. Question 4 1 pts What part of Valhalla was illegal? Traders diverting Enron funds to their personal accounts. Traders taking big risks when investing Enron's money Ken Lay refusing to fire the traders The board urging Ken Lay to fire the traders. When discussing LM, who did the movie refer to as "useful idiots"? Wall Street invesetment Banks Andy Fastow and the Enron Accounting team Jeff Skilling and Ken Lay Fortune managize and their writers, including Bethany McLean Question 6 Which public utility did Enron purchase on the West Coast? Portland General Electric Pacific Gas and Electric SMUD ConEd Which of the following was NOT a name for a strategy to game California's electricity market? Game of Thrones Death Star Fat Boy, Get Shorty What Accounting Principle does Mark to Market accounting violate? Revenue Recognition Principle Matching Principle Full Disclosure Principle Measurement Principle What was the opportunity to commit fraud for the Enron executives? Their auditors, lawyers, the SEC and the industry analysts signed off on their accounting practices and didn't question their financial results. Their company culture of taking risks. Ken Lay's relationship to the Bush family. Jeff Skilling's LASIK