Description Answer the following questions from the Enron documentary: Enron Documentary a) What i ...

---

Description Answer the following questions from the Enron documentary: Enron Documentary a) What is "mark to market" accounting? How was Enron able to use this to defraud its creditors and shareholders? b) What does the term "pump and dump" mean as it relates to stock options granted to certain of the Enron executives? c) What role did Enron play in California's energy crisis? d) Who were Enron's outside accountants/auditors? Did they have any responsibility for the Enron scandal? Rubric Criteria Ratings Pts This criterion is linked to a Learning OutcomeMark to Market AccountingWhat is "Mark to Market" accounting and how was Enron able to use this to defraud creditors and shareholders? 3 pts Excellent Definition and application answered 2 pts Good Partial Definition and/or partial application 1 pts Poor Missing definition and/or application 0 pts No Marks 3 pts This criterion is linked to a Learning OutcomePump and DumpWhat does "Pump and Dump" mean and how did it relate to stock options granted to certain of the Enron executives? 3 pts Excellent Definition and application answered 2 pts Good Partial Definition and/or partial application 1 pts Poor Missing definition and/or application 0 pts No Marks 3 pts This criterion is linked to a Learning OutcomeEnergy CrisisWhat role did Enron play in California's energy crisis? 2 pts Excellent/Good 1 pts Good/Poor 0 pts No Marks 2 pts This criterion is linked to a Learning OutcomeOutside AccountantsWho were Enron's outside accountants/auditors and did they have any responsibility for the Enron scandal? 2 pts Excellent/Good