Case One: The Bribery Scandal at Siemens AG Organization and Industry Overview: The case‚ “The Bribery Scandal at Siemens AG‚” underscores how employee involvement with unethical behavior can cause irrevocable damage to a company’s reputation and ultimately their profitability and success. Werner von Siemens and Johann Georg Halske founded Siemens AG in 1847 in Munich‚ Germany as a manufacturer of telegraphic systems. Over the next 150+ years‚ the company grew rapidly expanding operations in
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(1) From a historical point of view‚ in traditional Chinese culture‚ "human" is the social causes of commercial bribery. As everyone knows‚ China is a exquisite "courtesy demands reciprocity" state‚ courtesy demands reciprocity core is advocating "human intercourse"‚ in other words‚ Chinese person standards require that human relations between people.. This traditional culture extends to business‚ evolved into "If you want to profit from the others‚ it is necessary to give people the appropriate
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Convention for the Protection of Cultural Property in the Event of Armed Conflict with Regulations for the Execution of the Convention 1954 The Hague‚ 14 May 1954 - First Protocol‚ The Hague‚ 14 May 1954 - Second Protocol‚ The Hague‚ 26 March 1999 | | The High Contracting Parties‚ Recognizing that cultural property has suffered grave damage during recent armed conflicts and that‚ by reason of the developments in the technique of warfare‚ it is in increasing danger of destruction;
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Discuss the factors that affect the choice of energy resources adopted by different societies King coal is reclaiming his throne. Increase in coal production has exceeded increase in oil and gas production. 5 billion to 8 billion. north sea with oil and gas‚ future source offshore wind. Old fashioned coal. Single biggest contribute to global warming. Water production‚ metane loss. Huge swing in supply of coal. 2011 busiest ever year. 2012 just as busy. Immingham biggest port in UK. Threaded through
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SECURE ELECTRONIC TRANSACTIONS Introduction Secure Electronic Transactions (SET) is an open protocol which has the potential to emerge as a dominant force in the securing of electronic transactions. Jointly developed by Visa and MasterCard‚ in conjunction with leading computer vendors such as IBM‚ SET is an open standard for protecting the privacy‚ and ensuring the authenticity‚ of electronic transactions. This is critical to the success of electronic commerce over the Internet; without privacy
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Spring Days Ahead Spring is a magical season for me. I love the sound of birds chirping‚ the smell of rain in the air‚ and the vibrant colors of the flowers starting to bloom. It awakens the senses. The winter cold is gone‚ yet the unbearable heat and humidity of summer in the south has yet to arrive. I love that daylight savings time puts an end to the long dark evening hours of winter. The phrase "spring forward" is a reminder to set our clocks ahead one hour during spring. Springing
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Important Conventions for UOPHX ACC 281 When using Online Practice for Financial Accounting‚ please assume the following: • Accrual basis accounting is being used unless Online Practice specifies cash basis accounting. (Very briefly: in accrual basis accounting‚ revenues are recognized when earned‚ not necessarily when cash is received‚ and expenses are recognized when incurred‚ not necessarily when cash is paid. For more information‚ please see the Online Practice for Financial Accounting Dictionary
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Chapter 15 Audit Sampling for Tests of Controls and Substantive Tests of Transactions ← Review Questions 15-1 A representative sample is one in which the characteristics of interest for the sample are approximately the same as for the population (that is‚ the sample accurately represents the total population). If the population contains significant misstatements‚ but the sample is practically free of misstatements‚ the sample is nonrepresentative‚ which is likely to result in
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Conventions in movies Romance movies are often combined with other genres in order to invite a larger set of audience. The most common combination is romantic comedies‚ which are also known as chick flicks. Romance films are usually aimed at the female audience‚ however combining this genre with comedy allows some male interest‚ meaning a larger amount of viewing and a higher profit for the producers. Setting is the most important convention in romantic comedies. It can be the way of conveying
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Becca Stone Research in Financial Reporting 10-22-12 Case 12-9: Rough Waters Ahead 1. How should Smooth Sailings’ management perform the recoverability test for the cruise ship as of December 31‚ 2010? a. What assets and liabilities should be included in the “asset group” as defined by ASC 360-10 for purpose of performing the recoverability test? i. FASB ASC paragraph 360-10-35-23 states that for measuring an impairment loss‚ long-lived assets should be group with other
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