Lance Armstrong’s confession to Oprah that he had doped during the Tour de France stunned the world: why would the seven-time winner of cycling’s highest title cheat so shockingly? But Armstrong is merely the most recent in a long history of cheating in cycling. It is the demands of the public‚ both with regards to role models and to national pride‚ which drives many cyclists‚ both past and present‚ to cheat in order to win‚ so as to satisfy these demands. Cheating has a long history in cycling.
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Should Lance Armstrong be allowed to keep from being sued and should sports heroes be held to a different level of ethics? Why or why not? There are two issues addressed here. One is whether to believe that sports figures should be held to a different ethical standard and two‚ whether others should have the right to sue Lance Armstrong. Sports professionals should adhere to the ethical standards of business and the governing body for the sport in which they participate. Professional sports is
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Review Questions 1. A friend of yours has asked which version of Windows 7 should be purchased to start a new multimedia-based home entertainment system. Your friend will not require business support features‚ but they will require support communicating with their Xbox 360. You recommend: a.Windows 7 Ulitmate b.Windows 7 Home Basic c.Windows 7 Home Premium d.Windows 7 Enterprise 2. Windows 7 supports only cooperative multitasking. True or False? 3. The Graphical Processing Unit is a hardware
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PrOACT Analysis of Dave Armstrong’s Decision 1. Problem: The decision problem Dave Armstrong faces in this case is “Which of these three jobs should I take?” Under this decision problem‚ Armstrong should also consider which job is his best long-term choice and which job will meet his wife’s needs best. Objectives: When choosing a job‚ Armstrong seeks to take advantage of upside potential‚ invest a low monetary amount‚ network often‚ make a dependable salary‚ be excited by his work‚ satisfy his family
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1. Should auditors insist that their clients accept all proposed audit adjustments‚ even those that have an “immaterial” effect on the given financial statements? Defend your answer. The auditors should not insist that their clients accept all proposed audit adjustments. The auditor’s main duty is to provide reasonable assurance to verify the accuracy and compliance of client’s financial statements‚ to ensure that it conveys data and information of events occurred within the accounting period
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CASE: MAKING NORWICH TOOLS LATHE INVESTMENT DECISIONS PAR T A: PAYBACK PERIOD years cash flows 0 1 2 3 4 5 (660‚000) 128‚000 182‚000 166‚000 168‚000 450‚000 PBPA LATHE A cumulative cash flows cash flows LATHE B cumulative cash flows 128‚000 310‚000 476‚000 644‚000 1‚094‚000 (360‚000) 88‚000 120‚000 96‚000 86‚000 207‚000 88‚000 208‚000 304‚000 390‚000 597‚000 4.04 PBPB 3.65 ACCEPTABILTY OF EACH PROJECT: Lathe A will be
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Case Study: ‘Ocean Carriers’ By: Alyssa Linder Wenliang Zhang Xhangoli‚ Eva 1. Daily spot hire rates are determined according to supply and demand of the shipping capacity. According to the article‚ the supply of ships available equals the number of ships currently in the fleet plus any new ships added‚ minus any scrapings and sinking. According to Exhibit 2‚ there are a limited number of ships older than 24 years which are likely to be scraped. For those ships under the age group
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CHAPTER 5 Merchandising Operations and the Multiple-Step Income Statement ANSWERS TO QUESTIONS 1. (a) Disagree. The steps in the accounting cycle are the same for both a merchandising company and a service company. (b) The measurement of income is conceptually the same. In both types of companies‚ net income (or loss) results from the matching of expenses with revenues. 2. The components of revenues and expenses differ as follows: | | Merchandising | | Service | RevenuesExpenses
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months. They would launch and run business for another six months until when they decide to either expand or not and continue to run business for six more months. At the end of 18 months‚ Bernard would definitely sell his interests. According to the case‚ Bernard’s value of original opportunity was $68.465K. Subtracted by the initial investment of $90K‚ the NPV was $21.535K. Thus‚ he planned to pass the opportunity. But his friends offered him alternatives which may generate positive outcomes to the
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was not for Louis Armstrong. Armstrong is considered the most important improviser in Jazz (he taught the world to swing) (‘Jazz at Lincoln Center’).His trumpet playing changed the rules of music. Armstrong’s interest in music earned him the title of greatest trumpet/cornet player in American History. And to think it all started with a tin horn. Armstrong‚ full name Louis (“loo-ESS”) Daniel Armstrong‚ was born in Uptown New Orleans‚ Louisiana to Mary Albert and William Armstrong. There was some confusion
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