The WorldCom Accounting Scandal WorldCom was started in Mississippi as a long distance telephone service provider in 1983 (Lyke and Jickling‚ 2). Over the next decade and a half‚ the company expanded to offer a whole range of telecommunication services through a series of mergers and acquisitions (Lyke and Jickling‚ 2). At its height‚ WorldCom was the largest long distance phone company in the United States and was one of the leading companies in the telecommunication market in the world‚ providing
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Competing on Resources Key ideas from the Harvard Business Review article By David J. Collis‚ Cynthia A. Montgomery The Idea in Brief What gives your company a competitive edge? Your strategically valuable resources -- the ones enabling your enterprise to perform activities better or more cheaply than rivals. These can be physical assets (a prime location)‚ intangible assets (a strong brand)‚ or capabilities (a brilliant manufacturing process). For example‚ Japanese auto companies have consistently
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WorldCom: A Culture of Dishonesty Ethics is a term that refers to a code of moral system that provides criteria for evaluating right and wrong. An ethical dilemma is a situation in which an individual or group is faced with a decision that test this code. One of the elements that many believe distinguishes a profession from other occupations is acceptance by it members of a responsibility for the interest of those it serves. . Accounting ethics is a field of professional ethics which pertains specifically
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dollars and there was no backup where it came from or no documentation that was found. This started the downfall for WorldCom. Cynthia Copper. Which is the vice president of internal audit for WorldCom‚ Gene Morse also a WorldCom employee discovered $3.8 billion in expenses that were allocated incorrectly on WorldCom’s financial statements. This is what made Cooper and Morse to suspect that the multi-million dollar corporation was falsifying the financial statements. Securities and Exchange Commission
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Review of Accounting Ethics – Worldcom ACC557 Financial Accounting Cornelia H. Brown Strayer University Review of Accounting Ethics - Worldcom In a business world pressured to meet organizational objectives such as high revenue growth it is not alarming that conduct by decision makers may be deemed as questionable practices. These practices within the past two decades have resulted in a number of organizations finding themselves confronted with ethical dilemmas and the aftermath
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Understanding Business Research Terms and Concepts: Part 1 Cynthia Quintero RES/351 August 14‚ 2014 Elizabeth Frayne Understanding Business Research Terms and Concepts: Part 1 Quantitative design is used to know what happened‚ or how often things happen. On the other hand Qualitative design is design to tell the researcher how and why things happen (Cooper & Schidnler‚ 2006). Therefore both designs are designed to tell the research what they are looking for. For example‚ if a manager or
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Loyalty C) Fairness D) Integrity Question 4 If one’s reputation is tainted it may create a: A) Conflict of interests B) Loss of independence C) Lack of trust D) All of the above Question 5 Each of the following describes the behavior of Cynthia Cooper in the WorldCom fraud except for: A) Persistence B) Competence C) Integrity D) Hesistance Question 6 Each of the following elements make up an integral part of what is meant by "ethics" except for: A) Accepted standards of behavior B) Knowing
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game in 1891. Many men and women have made names for themselves over the years. Some of the best players in basketball consist of Michael Jordan‚ Larry Bird‚ Patrick Ewing‚ and Magic Johnson just to name a few. Sheryl Swoopes‚ Susie McConnell‚ Cynthia Cooper‚ Lisa Leslie‚ and Rebecca Lobo are some of the best players to have played in the WNBA. Along with these greats‚ there are many aspiring basketball players out there who will make a name for their selves in years to
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Cited: Bova‚ Ben. "Global Warming Is Real." Global Warming. Ed. Cynthia A. Bily. Detroit: Greenhaven Press‚ 2006 Warming Is Real." NaplesNews.com. 2008. Gale Opposing Viewpoints In Context Bily.Detroit: Greenhaven Press‚ 2006. Opposing Viewpoints. Rpt. from "Global Warming‚ Global Myth." Liberty 22 (Sept Context. Web. 1 Oct. 2012. Cooper‚ M. (2001‚ January 26). Global warming treaty. CQ Researcher‚ 41-64. 2 Oct
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WorldCom Case Study: Lack of Leadership‚ Lack of Ethics Emily Fearnow ORG 500- Foundations of Effective Management Colorado State University – Global Campus Dr. Cheryl Lentz May 15‚ 2011 WorldCom Case Study: Lack of Leadership‚ Lack of Ethics A multitude of choices made by executives at WorldCom led to the ultimate demise of the company as it was previously known‚ the employees and their livelihoods’‚ and the trust of the American people. In a time when corporations
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