AACS4794 MANAGEMENT INFORMATION SYSTEMS Case Studies Case Study 1: A Giant Step for Mattress Giant (May 2007) Mattress Giant is one of America’s largest bedding retailers‚ with 240 stores in 14 states. For years‚ the company spent more than $20 million (about RM70 million) annually‚ about 10 percent of its revenue‚ advertising to people in their mid-30s‚ whose household income was $30‚000 - $40‚000 (about RM105‚000 - RM140‚000) per year .and who drove domestic car. As it
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LESSONS LEARNT The study of history and the eventual collapse of Lehman Brothers‚ will help us learn some mistakes made by Lehman Brothers. This might enable us to be very keen in future. We should be watchful not to repeat because it may lead to other problems such as global crisis. If we are keen we might understand that this was the largest failure of an investment bank since Drixel Burnham Lambert collapsed amid fraud allegations 18 years pror. Managerial oversight and accountability Claims
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John D. Rockefeller was a captain of industry who helped to make America strong. As much as a good as person he was‚ he was also a robber baron who used ruthless business practices to enrich himself. In 1839 – 1937‚ Rockefeller was a very important American industrialist‚ philanthropist and a founder of many important places. John D. Rockefellers’ business career was being the main founder and one of the chairmen of the Standard Oil Company. Rockefeller was an intellectual man in the organization
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Module C Legal Liability True / False Questions 1. Auditors are potentially liable for monetary damages and subject to criminal penalties for failure to perform professional services properly. True False 2. Auditors cannot be held liable to their clients for failure to detect material management fraud. True False 3. Joint and several liability is a doctrine that allows a successful plaintiff to recover the full amount of a damage award from any defendant regardless
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Lia’s American doctors‚ on the other hand‚ treated Lia’s epilepsy as what most educated people would see; as purely as a neurological disorder. Her primary physicians‚ Neil Ernst and Peggy Philp‚ tried their hardest within the limit and fought till the end to make sure Lia gets the best medical care possible. However‚ due to a lack of communication between the family and the hospital‚ the problem wasn’t correctly diagnosed in the first visit. Lia’s medical regimen was very complicated especially
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In September 1928‚ Fleming returned to his laboratory after a month away with his family‚ and noticed that a culture of Staphylococcus aureus he had left out had become contaminated with a mold (later identified as Penicillium notatum). He also discovered that the colonies of staphylococci surrounding this mold had been destroyed. He later said of the incident‚ "When I woke up just after dawn on September 28‚ 1928‚ I certainly didn’t plan to revolutionize all medicine by discovering the world’s
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Fred Stern & Company‚ Inc. (Ultramares Corporation v. Touche et al.) Fred Stern & Company‚ Inc. was a rubber importer based out of New York City during the 1920s. This capital-intensive business was in high demand for numerous industries at the time. As such‚ Fred Stern & Co. relied heavily on lenders to finance its daily operations. In 1924‚ Fred Stern & Co. approached a finance company named Ultramares Corporation for a loan of $100‚000. Before accepting the terms‚ Ultramares Corp. requested
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twenty referred publications‚ including The Accounting Review‚ Accounting Horizons‚ Journal of Accountancy and Journal of Managerial Issues Ph.D.‚ University of Massachusetts; MBA‚ Wharton School Auditor with Touche Ross & Co (1975-77)‚ Ernst & Ernst (1974-75) EDUCATION School of Business Administration‚ University of Massachusetts * Ph.D. in Business‚ 1986 * Major: Accounting. Minor: Information Systems * Dissertation: “An Empirical Analysis of the Impact of
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Ernst Gombrich’s The Limits of Likeness touches upon the influence of artists’ styles in their works. This particular author refers to art in the representational sense in his story of the German and French painters in the beginning. Although the Germans attempted to prove their skill by painting the same subject‚ they fell prisoner to their individual styles‚ and each turned out slightly different. Each artist was attempting to recreate‚ or represent‚ the Roman scene. In addition‚ the author believes
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advancements made it possible for Robert Brown to discover the nucleus cell making the magnification 1500X more. In 1933 the magnification reached 1millionX their size and resolution as observations of cell structure was seen more clearly thanks to Ernst Ruska’s electron microscope. As microscopes improved technological advances developed. In the 17th century machines such as microtome and ultra-microtome where developed to ‘slice extremely thin sections for viewing under the microscopes’ as Robert
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