Ranbaxy’s criminal guilty plea and $500 million in fines and penalties has brought back the spotlight on corporate governance. The criminal case focused on sales in the US market. However‚ if media reports are to be believed‚ Ranbaxy committed systemic fraud in its worldwide regulatory filings. The US case dates back to the year 2004. This is the initial year when the Corporate Governance Code‚ which was issued by Sebi in the year 2000‚ was made mandatory. Therefore‚ it is quite likely that many
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FIVE STAR TOOLS Five Star Tools is a small family-owned firm that manufactures diamond-coated cutting tools (chisels and saws) used by jewelers. Production involves three major processes. First‚ steel “blanks” (tools without the diamond coating) are cut to size. Second‚ the blanks are sent to a chemical bath that prepares the tools for the coating process. In the third major process‚ the blanks are coated with diamond chips in a proprietary process that simultaneously coats and sharpens the blade
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Case 11-4 SUBJECT: Determining the Functional Currency of Sparkle Company Sparkle Company is a Nigerian diamond mining company. Sparkle is a joint venture‚ 50 percent owned by Shine and 50 percent owned by Brighten. Both Shine and Brighten are U.S.-based companies with their functional currency being the American dollar. Sparkle Companies functional currency is that of Nigeria‚ being the Naira. During 2009‚ Sparkle had several transactions with its joint venture owners and outside parties. The
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Throughout case two‚ there are many medications mentioned. Some of the medications do not directly pertain to the patient‚ BB‚ and are instead prescribed for his brother‚ SB. However‚ it is important to go through each and every drug in this case in order to better understand why certain drugs were prescribed and their impact on the clinical outcomes of both BB and his brother SB. Additionally‚ it is important to remember the patient’s age when evaluating these drugs as some may not be appropriate
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Assuming that units in inventory are valued (based on COGS) at $1‚000 per unit and are sold for $2‚000 per unit‚ how fast does the company turn its inventory? The company uses a 25 percent per year cost of inventory. That is‚ for the hypothetical case that one unit of $1‚000 would sit exactly one year in inventory‚ the company charges its operations division a $250 inventory cost. B. What—in absolute terms—is the per unit inventory cost for a product that costs $1‚000? Sales $60‚000‚000 (Flow)
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Snapple Case Study Solution 1. From 1972 to 1993‚ why did Snapple flourish when so many small start-up premium fruit drinks stayed small or disappeared? As described in the case study‚ Snapple flourished throughout 1972 and 1993 due to various reasons. Firstly‚ as the owners of Snapple realized that the popularity of no preservative fruit juices was increasing‚ they ceased the opportunity and decided to make a business out of it. As they were the first ones in this business‚ they got a chance
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Global Service Department Business Opportunity Analysis CASE 3. Dogfight over Europe: Ryanair 1) Do you believe Ryanair’s entry into Dublin-London route was successful? Yes‚ Ryanair’s entry into Dublin-London route could be counted successful. Ryanair‚ which has been operated since 1985‚ is a small and rather domestic company compared to Aer Lingus and British Airways (BA). They will operate a turboprop that contains 44 seats‚ that takes 4 round trips per day. Unlike the two giants‚ Ryanair is not
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Management Functions According to the function approach‚ managers perform certain activities or functions as planning‚ organizing‚ leading and controlling as they efficiently and effectively coordinate the work of others. Managers of Berjaya Corporation Berhad also perform the management functions very well. Planning is a management function that involves setting goals‚ establishing strategies for achieving those goals‚ and delevoping plans to integrate and coordinate activities. Manager will create
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Generally‚ the board of directors are responsible for the following duties: 1) duty of care – duty to make/delegate decisions in an informed way; 2) duty of loyalty – duty to advance corporate over personal interests; 3) duty of good faith – duty to be faithful and devoted to the interests of the corporation and its shareholders; 4) duty not to “waste” – duty to avoid deliberate destruction of shareholder value. There is no reason to believe that the duties of Vector’s board should be any different
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Systems I Mid-term Exam Date: March 2‚ 2013 Time: 1h30 (10:00-11:30) Professors: A. Karmouch and Hasan Ural Instructions: Answer ALL questions. This is a close-book examination. Use the provided space to answer the following questions. If more space is needed‚ use the back of the page. Show all your calculations to obtain full marks. Calculators are NOT allowed. Read all the questions carefully before you start. Question Points Percentage 1 40% 2 60% Total 100% Question 1 (40 points:
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