1. Why is important to include operating employees (non-managers) in the development and use of incentive programs? It is important to include operating employees (non-managers) in the development and use of incentive programs in order to disseminate the desired business goals. This is especially true for manufacturing companies where the operating employees play a major role in the organization reaching preset goals. Operating employees (non-managers) are able to contribute information or
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CASE 8.1 LIVENT‚ INC. Synopsis Similar to most financial frauds‚ the Livent‚ Inc. fraud was masterminded by a few individuals‚ primarily Garth Drabinsky and Myron Gottlieb. However‚ numerous individuals were eventually drawn into Livent’s fraudulent schemes by its principal architects‚ including Maria Messina‚ the company’s chief financial officer (CFO). Messina‚ a former partner with Deloitte & Touche’s Canadian affiliate‚ had previously served as Livent’s audit engagement partner
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According to the case‚ KPMG’s audit clients in the mortgage industry included the largest subprime lenders such as Country wide‚ HSBC‚ New Century and Wells Fargo. This gives KPMG advantages because‚ first of all‚ they have enough experience‚ knowledge‚ and skills to audit those types of companies properly. However‚ as auditors worked on the same type of companies over and over again‚ they might lose their attitude of skepticism towards their clients because they get familiarized with them. The
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Case 11 Horniman Horticulture 1. What is your assessment of the financial performance of Horniman Horticulture? a. Horniman has strong profitability and no long term debt. Revenues are growing and the net profit is growing with it. They have continued to grow revenues while keeping COGS stable at 48-53%. SG&A is also a steady 38-39%. In addition the ROA and ROC are both way above industry standards. However‚ the company’s cash available has dramatically decreased from 11 to less than 1% over the
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One of the first online virtual communities was: Select one: a. AOL. b. Myspace. c. Salon.com. d. The Well. Which of the following is a community of members who self-identify with a demographic or geographic category? Select one: a. affinity community b. sponsored community c. interest-based social network d. practice network A Web site designed to give parents of home-schooled children a common discussion area would be classified as a(n): Select one: a. practice network. b. sponsored
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Project case study You have been presented with a case study based around the business "New Century Health Clinic" which is not a computerized company. They are thinking to be computerized; now your job is to do the feasibility study to find out whether or not to go for computerization. Before you start your report‚ you need to read provided case study thoroughly. Case study background: NCHC is currently having problems in its office administration area and are seeking solutions. The office staffs
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CASE STUDY 1—THE COMPLETE ACCOUNTING CYCLE Name: ______________ The entire Case Study is due Sunday at midnight mountain time at the end of Week 3. This Case Study is worth 100 points or 10% of your final course grade. This Case Study relates to TCOs D and E and Chapters 3 and 4. MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW. There are 10 sheets in the Workbook including this one. All of the Information you need for the project is located in this Workbook. Requirements
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anything that would positively benefit society‚ what would it be and why? Please elaborate. The twenty first century is called “The century of new technologies”. The reason for this is that every single day the greatest brains of the planet are creating new ideas or technologies‚ which are determined to facilitate the life of the humanity. It is believed that in order to establish the new ideas‚ an individual must possess a wide fantasy that arises by reading the newspapers‚ magazines or watching
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still want to keep in touch; we ended on good terms which is always a positive. All relationships have their up’s and down’s and sometimes they just do not end up working out. In my case my relationship was based off of “opposites attract”‚ but this can only last so long before the differences start to take over. I feel Knapp hit the main parts of a relationship‚ and he explains everything. I can really relate to the different stages that he came up with‚ and I feel that most relationships take these
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KNAPP CASE 3.5 : GOODNER BROTHERS‚ INC. 1. Internal control objectives Goodner’s Huntington sales office should have implemented: a. Separation of duties: Sales reps like Woody were given unrestricted access to the accounting system where they could directly enter transactions. Sales reps also had direct access to inventory storage areas‚ and often delivered customer orders. b. Physical controls: Pad locks served as the security of Goodner’s inventory. There should have been stronger
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