Ethical Interpersonal Communication 2 Ethics refers to standards of conduct‚ standards that indicate how one should behave based on moral duties and virtues‚ which themselves are derived from principles of right and wrong. The major determinant of whether communications are ethical or unethical can be found in the notion of choice. The underlying assumption is that people have a right to make their own choices. Interpersonal communications are ethical to the extent
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CASE STUDY: CORPORATE GOVERNANCE AND THE FALL OF ENRON Introduction to the Enron Case Enron was one of the world’s leading energy traders born from deregulation of these markets in certain US states. It rapidly grew and the world followed suit. It was nominated ‘World’s Most Innovative Large Corporation’ six years in row and valued at 64 times its earnings and 6 times its book value. It had one of the highest paid CEOs in the world in 2000. It led an aggressive and apparently effective expansion
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recently as heavy rains scoured away the land the depleted bridge was anchored to.The bridge for years has been a major throughway between the cities of Los Angeles and Phoenix as many cars use the bridge to get to there destination.Which caused the collapse was ‚water hurrying through an ordinarily dry desert chasm disintegrating the area around the bridge‚ bringing about one side of the eastward interstate to fall and causing the closure of the westward side.California Department of Transportation
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independence. Slavery prevented Texas from being included as part of the territory for several years but the Republic of Texas was declared in 1836 and President Polk allowed its seizure since mexican invasion was a risk. Expansion to the southern part caused war with Mexico over the Texas border. Mexican lost lead to the claim of the north part of Rio Grande‚ New Mexico and California. In 1867 president William Seward purchased Alaska‚ from Russia. In 1898‚ the Spanish war proved that Hawaii could be
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In the beginning of the 1970’s the United States of America experienced a rapid decline in its economy caused by two different energy crisis. The cause of the energy crisis was due to the 1973 Organization of Petroleum Exporting Countries (OPEC) Oil Embargo‚ 1979 Iranian Revolution‚ the United States increase consumption of gas‚ and it’s dependency on foreign oil. Although the energy crisis lasted only seven years it left many changes within the country. In 1973‚ OPEC placed an oil embargo
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Enron- Examining a Business Failure University of Phoenix Organization Leadership LDR/531 Mr. January 12‚ 2010 Enron- Examining a Business Failure How did a multibillion dollar company arrive to the point of non existence? Was it the lack of organizational structure? Or maybe the lack of ethical management and leadership? One thing is certain and that is Enron has given the world a glance at how a leader within the energy industry‚ could have it all one minute‚ yet in a blink of
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Enron is frequently given as an example of creative accounting. It is also given as a good example of accounting fraud and insider trading. This is a good example of creative accounting taken too far - not many would disagree that it was accounting fraud‚ although some would say they were just unlucky to get caught. after all‚ the auditors were Arthur Anderson‚ at the time one of the most respected auditing firms. Creative Accounting – Example 1 – Creating multiple trading entities The creative
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1. The Enron executive team including Kenneth Lay‚ Jeffrey Skilling‚ Andrew Fastow and other executives‚ were the key players in the crisis. The business practices they used when creating hundreds of SPE’s and diverting large amounts of liabilities to those off-balance sheet entities. Enron was aware of the minimal accounting guidelines for SPE’s and used them to their advantage. To create such a complex “paper” structure‚ the executives had to have coordinate their plans with the accountants
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countries and e-commerce websites in 11 countries. With net sales of $482.2 billion annually‚ Walmart employs 2.2 million employees worldwide. As consumers we relate to the bright yellow smiley faces‚ store front greeters and discount pricing signs. It is what we have come to expect for those of us that shop there. Walmart is a place to get more for your hard earned money. Making the consumer a Walmart stakeholder. For years consumers have
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1) What did Arthur Andersen contribute to the Enron disaster? Arthur Andersen (AA) contributed to the Enron disaster when it has failed to the management by failing to have Enron establish and enforce its own internal control. There has been flaws to AA‘s internal control. There has been assumption that AA partners were too motivated by revenue recognition thus‚ overlooking several criteria when providing their services to Enron. Additionally‚ AA also recognised the retention of audit clients
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