Enron and WorldCom Case Study This report is based on the demise of Enron Corporation and WorldCom. Both the firms are demised due to the ethical lapses. These ethical lapses come into existence when managements of the firm‚ uses unethical practices to accomplish the goals of the firm. Maintaining financial and accounting standards in the business practices are necessary. The profession of accounting has become a mockery due to the accounting scandals that took place all over the world in the
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Is advertising manipulation? Introduction Advertising‚ a word with a large background that is similar to marketing plays an important role in the world of media and other parts. The first things that come into mind when we talk about advertising are money‚ customers‚ and adequate services. Advertising exists to help society by giving them information on products and services and make purchases according to people’s desires and needs. The global market place is seen as a giant negotiating
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Fiduciary Duties of Directors 1) Duty to act in good faith in the interests of the company In Re W & M Roith Ltd [1967] 1 All ER 427‚ the controlling director of a company had given many years services without having a service contract. He was then given a service agreement providing for payment of a pension to his widow if he died while still a director. He was already in poor health at this time and he died two months later. The pension was paid for several years and then the company went into
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Behind Closed Doors at WorldCom: 2001 1. Two General Accounting employees—Dan Renfroe and Angela Walter—made journal entries in the amount of $150 million and $171 million‚ respectively‚ without detailed support. It was noted that this was not out of the ordinary at WorldCom. In your opinion‚ was this a proper accounting practice? Explain. Though this may not be out of the ordinary for WorldCom‚ this is not a correct accounting practice. The way the entries were made does not comply with the proper
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Manipulation and society To understand and analyse manipulative discourse‚ it is crucial to first examine its social environment. We have already assumed that one of the characteristics of manipulation‚ for instance as distinct from persuasion‚ is that it involves power and domination. An analysis of this power dimension involves an account of the kind of control that some social actors or groups exercise over others (Clegg‚ 1975; Luke‚ 1989; Van Dijk‚ 1989: Wartenberg‚ 1990). We also have assumed
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How Information is Used Anesse Palmer HTT220 April 22‚ 2012 Danin Gray How Information is Used 1. Provide three examples of information collected by an EIS. a. Occupancy levels‚ average daily rates‚ and revenue produced daily. 2. Provide three examples of information collected by a DSS. b. Projected revenue summaries‚ inventories of information to help in forecasting hotel‚ and data compared to same time last year. 3. How does information collected by an EIS and a
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WorldCom: Organizational Culture and Unethical Safeguards Organizational culture is one of four influences whether an ethical or unethical behavior will be made. WorldCom’s demise‚ deliberately overstating their income by $7 billion between 1999 and 2002; and their once valued stock of $180 million becoming nearly worthless‚ can attribute a significant amount of their failure on their “dis”organizational culture. Corporations worldwide who do not think this type of fraud can happen at the hands
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Childcare Center Director Patricia A. Brooks Everest University Childcare Center Director Do you enjoy working with children? Is a question that I like to think of when it comes to working in the field dealing with the responsibilities of taking care of children. Today‚ there are more needs for children to be taking care of and learning about why it is so important to have a good education. I can remember when I was about ten or eleven years
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Question 1 At the time Cynthia Cooper discovered the accounting fraud‚ WorldCom did not have a whistle-blower hotline process in place. Instead‚ Cynthia took on significant risks when she stepped over Scott Sullivan’s head and notified the audit committee chairman of her findings. Discuss the key criteria for the operation of an effective corporate whistle-blower hotline. Be sure to highlight potential pitfalls that should be avoided and reference professional codes‚ legislation and academic literature
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How is the theme on manipulation shown in The Tempest? And discuss how the audience would perceive this manipulation. The main reason that characters such a Prospero manipulate others is to gain control. If you can manipulate those with lesser knowledge then yourself. The character Prospero illustrates this within Shakespeare’s The Tempest. Through Prospero’s magic and clever speech his is able to manipulate and control what others do and think in certain situations. Prospero often puts people on
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