In this example of a conflict of interest, ________ conducted a series of off-the-books partnerships that were used to hide the organization's debt and inflate its stock price. The partnerships were managed by the company's executives who stood to profit the most from the transactions.
A) Merrill Lynch
B) Enron
C) Citicorp
D) Adelphia

Question

Quizplus · Accepted Answer

This scenario is a classic example of the Enron scandal, which involved the company's executives engaging in fraudulent financial reporting and accounting practices. The off-the-books partnerships were used to hide Enron's massive debts and artificially inflate its stock price, ultimately leading to the company's bankruptcy in 2001.

In This Example of a Conflict of Interest, ________ Conducted