Enron: The Smartest Guys in the Room A white-collar crime by definition is a crime that is committed by individuals of higher status. It is not necessarily a violent crime‚ but could be depending on the situation. An individual who works in a professional environment‚ such as the government or corporation tend to take advantage of employees and manipulate them into thinking their practices are legitimate. Some examples‚ of white-collar crimes include fraud‚ embezzlement‚ insider trading‚ and other
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Immigration and Its Effect on the Economy of the U.S The 1990s have brought the largest influx of immigrants into labor force of the United States of any decade in this nation ’s history. A panel of social science scholars concluded their assessment of U.S. society with the observation that "America ’s biggest import is people" and determined that "at a time when attention is directed to the general decline in American exceptionalism‚ American immigration continues to flow at a rate unknown elsewhere
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it was the "Greed Factor" which drives Enron employees to increase the profits through unethical methods‚ and ultimately causing its downfall. But could it be the opposite? I mean‚ could it be that it was Enron ’s culture and Key Performance Indicators (KPIs)‚ which is to increase the profits and share price that "forced" Enron employees behave in an unethical manner? What circumstances caused them to be unethical‚ really? At first‚ the leader of Enron Finance Corp‚ Jeffrey Skilling recruited
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or affected by‚ the collapse of Enron? All stakeholders were‚ obviously‚ affected by the collapse of Enron. However‚ several of them were critical‚ especially those being considered as market stakeholders such as suppliers‚ creditors‚ employees‚ and stockholders. These mentioned stakeholders seem to be Enron’s most recognizable as the essential contributors to its organization. They dared of giving up an available alternative in order to take a risk with Enron in hoping of some benefits in return
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changed the U.S economically‚ politically‚ and ideologically by changing the way our government is set up‚ the way our economy has prospered‚ and the resentment towards the British. The British demolished the French which caused the boundaries throughout the eastern coastline to change. (DOC A). As a result‚ trade was more successful for the British and the colonist. However‚ this did not end well when the British taxed the colonist. When the British and the colonist were together‚ they were under a
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The effects of monopolies on the U.S. Economy What is a monopoly? The concept of a monopoly is largely misunderstood and the mere mention of the term evokes lots of emotions that make clear judgment almost impossible. The standard economic and social case for or against monopolistic businesses is no longer straightforward. According to Mankiw (2009) a monopoly is defined as a market structure characterized by a single seller of a unique product with no close substitutes[1]. When
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Effects of the Internet on the Global Economy Introduction It is all about being connected. Throughout the ages being connected has allowed for the economy to grow. The modes of transportation connected the ancient worlds and individual economies grew or dwindled depending on the effectiveness of transportation. Most economic strongholds were on the waterfronts. Shipping was the main mode of transportation. This shifted from the advent of the steam engine. The era of the rail transportation
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Deregulation has more negative effects on global economy than positive. Deregulation‚ this word is heard on the news‚ economists use this word quite often‚ and government officials are somewhat terrified of this word. What does deregulation mean? Deregulation is the process in which a government may remove or reduce certain restrictions in matters of business to have a more efficient operation of markets. By observing the effects that deregulation can cause on an economy‚ can help later generations
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read in this chapter‚ summarize in one page or less how you would explain Enron’s ethical meltdown. Ethics refers to “the principles of conduct governing an individual or a group; specifically‚ the standards you use to decide what your conduct should be (Dessler‚ 2011).” Secondly ethical decisions always involve questions or morality (Dessler‚ 2011). Anyone that had anything to do with the meltdown at Enron had no ethical standards. Enron had a lack of accounting transparency‚ which enabled
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status in American society was improved during the Second World War through their contributions to the North American economy. During the Second World War women were “allowed” to do the jobs that were originally meant for men. However after the war ended they went back to their roles as housewives‚ gender roles were expected to return to the way they were once the war ended. The changes did not really begin to take place in gender equality until the 50’s and 60’s but this was due to the younger generation
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