Financial scandals around the turn of this century at Enron, WorldCom, Adelphia, HealthSouth, and others led to which of the following?
a. Greater reliance on nonstandard accounting practices
b. Less reliance on nonstandard accounting practices
c. New laws and governmental rulings that limit business’s discretionary actions
d. Revocation of laws and rulings that limit business’s discretionary actions
Ans: C
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