Business Ethics is described as a form of applied ethics that examines ethical principles and moral or ethical problems that arise in the current business environment. In the ever-increasingly focused marketplace the demand for more-ethical business actions‚ dealings and procedures are becoming more evident and required. The need for “Business Ethics” has taken on several different disciplines within the marketplace in light of many corporate dealings that have left the public stranded in the wake
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Case 6 : The Financial Detective Financial data is the most crucial information in describing any sort of business‚ but this information is also useful in differentiating between different types of businesses. In any specific industry‚ many key players are present‚ yet their strategies and implementations of business vary greatly. Two firms may achieve the same earned profit‚ yet go about securing this profit in radically different ways .A close analysis of financial data for each business can
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1. Arthur Young was criticized for not encouraging Lincoln to invoke the substance-over-form principle when accounting for its large real estate transactions. Briefly describe the substance over form concept and exactly what it requires. What responsibility‚ if any‚ do auditors have when a client violates this principle? Substance-over-form is an accounting principle used to ensure that financial statements give a complete‚ relevant‚ and accurate picture of transactions and events. If an entity
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CHAPTER 5 REVENUES AND MONETARY ASSETS Chapter 5 is about Revenue Recognition and Monetary Assets. There are different criteria used in recognizing revenue depending on the standards the company is using. In general‚ revenues should be recognized when an entity has significantly performed what is required in the agreement‚ full ownership of goods is transferred‚ and services are rendered. The Securities and Exchange Commission (SEC) have identified fraudulent cases where the companies
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APPLICATIONS AND REVIEWS‚ VOL. 37‚ NO. 3‚ MAY 2007 311 Gesture Recognition: A Survey Sushmita Mitra‚ Senior Member‚ IEEE‚ and Tinku Acharya‚ Senior Member‚ IEEE Abstract—Gesture recognition pertains to recognizing meaningful expressions of motion by a human‚ involving the hands‚ arms‚ face‚ head‚ and/or body. It is of utmost importance in designing an intelligent and efficient human–computer interface. The applications of gesture recognition are manifold‚ ranging from sign language through medical rehabilitation
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LESSON 1 BASIC PRINCIPLES‚ CONCEPTS AND DEFINITION OF THERMODYNAMICS OBJECTIVES The study of this lesson will enable the students to: 1. define thermodynamics and other terms necessary in the study of thermodynamics; 2. know the approaches in the study of thermodynamics; 3. state the difference between dimension and unit; 4. explain the different thermodynamics system; 5. differentiate homogenous system to a non homogenous system; 6. know the different thermodynamic properties and state
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CASE 46 Making Socially Responsible and Ethical Marketing Decisions: Selling Tobacco to Third World Countries Strategic decisions move a company toward its stated goals and perceived success. Strategic decisions also reflect the firm’s social responsibility and the ethical values on which such decisions are made. They reflect what is considered important and what a company wants to achieve. Mark Pastin‚ writing on the function of ethics in business decisions‚ observes: There are fundamental principles
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Viktoria Martirosyan Case 1.1 Qt.1 Several parties were responsible for Enron crisis‚ including independent auditor‚ key executive officers‚ internal auditors‚ SEC and FASB. The hypocrisy‚ dishonorable actions and unethical behavior of Kenney Lay‚ Jeffrey Skilling‚ Andrew Fastow led to bankruptcy. This and many other problems‚ such as loss in transactions involving the swaps stocks‚ SPE related issues and est.‚ finally contributed to crisis. As Enron executives‚ all of their concerns should
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Fajardo‚ Jeanne Dagny June 15‚ 2015 QUALMAN M72 Case 1 – Xerox 1. Contrast Leadership for Quality and Lean Six Sigma as quality initiatives for Xerox. How did heir motivations differ? What differences or similarities are evident in the principles behind these initiatives and the way in which they were implemented? The most important and primary motivation that wakened up Xerox and caused it to act and apply the Leadership Through Quality initiative was losing the market shares to the Japanese
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THE BASICS OF REVENUE MANAGEMENT IDeaS © 2005 Integrated Decisions and Systems‚ Inc. ID-MK-100102-v1-YMBasic The Basics of Revenue Management by IDeaS TABLE OF CONTENTS TABLE OF CONTENTS ..................................................................................................................2 WHAT IS REVENUE MANAGEMENT? ........................................................................................4 When Is Its Use Appropriate? ......................................
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