unscrupulous accounting practices. As a result of the unethical practices‚ consumers and investors have begun to lose faith in companies‚ corporations‚ and banks. As many corporate executive from companies such Enron‚ WorldCom‚ and Tyco‚ were implicated in unethical accounting practices during the late 1990’s and early 2000’s‚ executives from Adelphia Communication Corporations did not escape the trend. The executives and senior management at Adelphia entered into transactions that blurred the lines between
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Deontology and the Categorical Imperative Applied to the Adelphia Communications Scandal In July of 2002‚ five officials of the Adelphia cable-television company were arrested on the charge of gross corporate fraud conducted by members of the Rigas family. The events which transpired during the Adelphia scandal were some of the most egregious to date with an estimated "$100 million‚ hiding more than $2 billion in debt the family incured‚ and lying to the public about Adelphia ’s operations and
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Adelphia Communications went public. Its first three years were focused on generating revenue by increasing its customer base through mergers and acquisitions. Although the company’s profitability had suffered as a result of the ambitious expansion‚ its revenue-generating capabilities had not. From the $30 million generated in sales during its first year‚ annual sales shot up to $131 million in 1988. Adelphia continued to make its presence known by making
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communities. • Profit: Maximize long-term return to shareowners while being mindful of our overall responsibilities. • Productivity: Be a highly effective‚ lean and fast-moving organization. 2. Research on one financial scandal - The Adelphia Communications Corporation was marked as the fifth largest cable company in the United States before it filed for bankruptcy in April of 2002. Founded by John Rigas‚ Three Rigas family members (incuding John Rigas) and two other ex-executives have been arrested for
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I think five of the skills that a forensic account would need are communication skills‚ detail oriented‚ professional and ethical behavior‚ sound judgment and discretion. Communication skills are vital in any profession. It allows you to convey information for others to receive. The problem with communication is that it can be interpreted differently by other intended parties. As a forensic accountant‚ communication skills‚ verbal and non verbal‚ are important when it comes to conducting
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11 Cable‚ Satellite‚ and Internet Television True/False 1. Cable TV was developed to allow viewers access to movies and other programs that they couldn’t receive through over the air broadcasts. Ans: F 2. As far as cable TV is concerned‚ in the past 20 years the most significant developments have been legal ones. Ans: T 3. Using VOIP‚ cable companies can offer consumers an alternative to the services provided by traditional telephone companies. Ans: T 4. Cable and satellite networks
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Administration The Death of the Spy Satellite Facts and problems: The problems that surrounded this Spy Satellite case appeared to be a direct result of a lack of oversight in all aspects of the project. Some of the pronounced facts were: The project "Future Imagery Architecture (FIA)" was behind schedule and over budget Boeing‚ the awarded bidder was the contractor for building the new generation of spy satellites. However‚ Boeing had never built these types of spy satellites previously‚ yet kept reassuring
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ELECTROMECHANICAL SYSTEM TOPIC: NANO -SATELLITE introduction: What is a satellite? Satellite is a celestial body orbiting around larger body like planet or star. It can be artificial or natural. A natural satellite‚ is a celestial body that orbits another body‚ e.g. a planet‚ which is called its primary. There are 164 known natural satellites orbiting planets in the Solar System‚ as well as at least eight orbiting
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the most common and most widespread source of knowledge‚ entertainment and information of the present world. And satellite television has added a new dimension to our world of recreation. Now with the help of satellite TV we can have access to the television of different countries and distant broadcasting centres like America’s Cable News Network‚ British Broadcasting Corporation‚ Zee TV of India‚ Prime Sports‚ etc. So we have entered a world of plenty‚ variety and cross culturalism. One can
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10 British Satellite Broadcasting: The beginning of the end Introduction Many companies fail within the first two years of opening‚ according to small business administration which is seven out of ten‚ and 51 percent last at least five years. Starting a business is not an easy task‚ there are tons of things that have to done in order for it to be around for more than a couple of months or years. Unfortunately‚ that’s the case with the company I chose‚ British Satellite Broadcasting
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