behavior that are adopted because they are valued or reinforced by the culture” (Caildini 1998). These are rules that we were taught as children and learned throughout our lives. We observe what people do and we conclude on what is a norm and what a violation in human interactions is. Norms vary throughout the world and what seems to be socially acceptable here might be completely offensive in another country. Folkways on the other hand are norms that are not enforced as strongly as a regular norm. Values
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Case 1.1 - Enron Corporation ------------------------------------------------- Discussion 1 The parties we believe to be most at fault for the crisis in this case are a) the Audit Firm engaged in the Enron audit (Arthur Andersen); b) Enron Management (Kenneth Lay‚ Jeffrey Skilling‚ Andrew Fastow; and c) the SEC. The Public Accounting Firm: Arthur Andersen The auditor has the responsibility to evaluate the risk of material fraud‚ including: * Incentives and motives for fraud : Enron was a fast
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the protection of our individual rights as citizens of the United States. In the 2007 State of New York v. Oliver‚ Isnora‚ and Cooper case‚ it was appropriate to prosecute the five police officers for assault‚ wrongful death‚ various civil rights violations‚ and negligence of duty. When the case first started‚ the police officers disregarded the fourth amendment which states that if a police officer has reasonable suspicion to believe that a crime may be afoot‚ he can briefly stop the suspicious person
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Enron: The Smartest Guys in the Room Extra Credit for Accounting II By: Grace Lindley ENRON: The Smartest Guys in the Room is the story of one of history’s greatest business scandals‚ in which top executives of America’s seventh largest company walked away with over one billion dollars while investors and employees lost everything. Based on the best-selling book The Smartest Guys in the Room by Fortune reporters Bethany McLean and Peter Elkind‚ and featuring insider accounts and
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Norm Violation In today society social norms are little things in life that make people feel comfortable and help them to go through everyday activities. Social Norms are beliefs about what is acceptable in society. They are rules that a group uses for appropriate and inappropriate values‚ beliefs‚ attitudes and behaviors. These rules may be explicit or implicit. People often associate the most memorable behavior with the majority behavior and hence the rules about that is normative in that social
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Disparate treatment means unequal behavior toward someone because of a protected characteristic‚ and it is protected under Title VII of the U.S. Civil Rights Act. A disparate treatment violation occurs when an individual of a protected group is shown to have been singled out and treated less favorably than others in a similar situation on the basis of a characteristic that is protected under Title VII. For a disparate treatment claim to be upheld in court it must be plausible and shows that the employer
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mergers and commercial practices in general terms‚ thus leaving the courts to decide on which practices are unlawful based on the facts of each case. In December 1971‚ the American Electric Power Co sued GE and Westinghouse for alleged conspiracy in violation of the Sherman Act‚ an antitrust law. Specifically‚ GE and Westinghouse was charged with upholding an agreement to eliminate price competition‚ establishing uniform prices and submitting non-competitive bids to purchasers. GE denied these charges
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are not forced to give explanations if you do not want. You should always talk with a lawyer to make sure you have a strong defense in court. Police have been known to resort to threats or trickery to get people to confess information. This is a violation of your rights‚ which is why it always pays to be educated. Even if you do not have money for a lawyer‚ you have the right to a free one‚ and you should ask the police how the lawyer can be contacted. One of your telephone calls should be to contact
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The Enron scandal Tobias Pavel Mylene Encontro 910422 850224 Chalmers University of Technology Finacial Risk‚ MVE220 Examiner: Holger Rootzén 2012-12-02 Göteborg This report has been written and analyzed by both group members jointly. Abstract From the 1990 ’s until the fall of 2001‚ Enron was famous throughout the business world and was known as an innovator‚ technology powerhouse‚ and a corporation with no fear. The sudden fall of Enron in the end of 2001 shattered not just the business
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Ethics in Business BUS670: Legal Environment Instructor: Leah Westerman November 25‚ 2013 Introduction Ethics means different things to different people‚ but basically it is all about being wrong and right. In business making ethical decisions should always be considered first‚ as well as the law. Culture is important within any company. It involves your perception of attitudes‚ values‚ and standards of conduct within a business. Ethical situations arise every day in business
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