The Unethical Behavior of Enron Enron‚ once the countries seventh-largest company according to the Fortune 500‚ is a good example of how greed and the desire for success can transform into unethical behavior. Good ethics in business would be to compete fairly and honestly‚ to communicate truthfully and to not cause harm to others. These are things that Enron did not seem to display‚ which led to Enron’s operations file for bankruptcy in 2001. Enron’s scandal has become one of the most talked
Premium Ethics Business ethics Enron
BUSINESS UGM Financial Management ENRON Resources: http://en.wikipedia.org/wiki/Enron_scandal ; http://news.bbc.co.uk/2/hi/business/1780075.stm; http://finance.laws.com/enron-scandal-summary Enron is an energy company that successfully grew from nowhere to be America’s seventh largest company‚ which has 21‚000 staff in more than 40 countries in 15 years. It was one of the world’s leading electricity‚ natural gas‚ communications‚ and pulp and paper companies‚ with claimed revenues of nearly $101 billion
Premium Bernard Madoff Fraud Ponzi scheme
[Type the company name] | Mark X Company (A) | Financial Analysis and Forecasting | | labtech | [Pick the date] | Analysis Analyzing Mark X Company’s financial statements and projecting the expected numbers for the coming years we make a decision on whether or not Mark X Company qualifies for the loan extension of $6‚375‚000. The strength of Mark X as a company is its fixed assets turnover ratio‚ which rose from 1990 to 1992. This tells us Mark X ’s ability to generate net sales
Premium Financial ratios Balance sheet Financial ratio
Legal Issue in Business: The Case of Enron [Name of the Writer] [Name of the Institution] Legal Issue in Business: The Case of Enron Introduction Business ethics is based on normative ethics ‚ standards that ethics are upheld and applied specific to distinguish what is right or wrong‚ that is to say what should be done or who should not be fact. However‚ with few exceptions‚ business ethicists are usually less interested in the foundations of ethics (meta-ethics) or by the principles
Premium Corporation Balance sheet Law
The Xerox Corporation Fraud case (1997 – 2000) Xerox Corporation is a global document management company which manufactures and sells a range of color and black-and-white printers‚ multifunction systems‚ photo copiers‚ digital production printing presses‚ and related consulting services and supplies. Xerox is headquartered in Norwalk‚ Connecticut‚ though its largest population of employees is based in and around Rochester‚ New York‚ the area in which the company was founded. The history of
Premium Xerox
Executive Shirt Company‚ Inc. Case Analysis Report Submitted by: Amritha Kini (1411284) Karunesh Jigyasu (1411298) Nirmal George (1411310) Ranjan Choudhary (1411321) Srihari K S (1411332) Group 4‚ Section E Vidur Kumar (1411343) PGP 2014 – 16 1 EXECUTIVE SUMMARY The choice to expand into the custom shirt market is likely to increase profitability for the Executive Shirt Company by 25%‚ if Ike’s process plan is implemented as per the case data. However‚ with
Premium Marketing Sales Strategic management
Bradon’s review Tuesday‚ September 23‚ 2014 1. 7:14 PM Explain the distinction between climate & weather. Using this concept‚ explain why an individual hurricane or summer heat wave is not in of itself proof of global warming? a. Climateis: a measure of the average pattern of variation in temperature‚ humidity‚ atmospheric pressure‚ wind‚ precipitation‚ atmospheric particle count and other meteorological variables in a given region over long periods of
Premium Earth Greenhouse effect Venus
Electronic supported assessment or e-Assessment is a field of growing importance‚ but it has yet to make a significant impact in the Australian higher education sector (Byrnes & Ellis‚ 2006). Current computer based assessment models focus on the assessment of knowledge rather than deeper understandings‚ using multiple choice type questions‚ and blocking access to more sophisticated software tools. This study explored a new system based on a customised version
Premium Assessment Multiple choice Psychometrics
Adolescent’s Committing Violent Crimes Teenagers‚ who commit violent crime such as murder‚ first degree murder‚ second degree murder‚ homicides‚ voluntary manslaughter‚ and involuntary manslaughter should be tried as adults. These teenagers knew exactly what they were doing and they also had the intent to kill. Families are blaming it on violent movies or violent TV shows‚ hello it is called parental control. Maybe if we start trying them as adults teens would think twice. Adolescents should
Premium Murder Adolescence Capital punishment
What specific audit procedures might have uncovered the Parmalat fraud earlier? Parmalat went from recording annual sales of 7.6 billion euros in 2002 to being declared insolvent a year later. The collusion at Europe’s Enron made it possible for Parmalat to defraud its investors of billions. The auditing procedures used by Grant Thornton and Deloitte were inadequate. Many of Parmalat’s assets were overstated and its liabilities understated. The auditors did not adequately test the Special Purpose
Premium Audit Asset Balance sheet