Colton Oct 17th Gentlemen‚ Your verdict In this story Gentlemen your verdict‚ the captain of a submarine‚ L-C Oram‚ is put in a difficult situation which results in him sacrificing 14 of his men including himself‚ to save 5 men with families waiting for them back home. Of course killing people is wrong‚ but if I‚ or anyone else‚ was put into a situation like L-C Oram was‚ then I think it would be okay to…..as bad as that sounds. In situations like these‚ I think there are some exceptions
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recognized for a legal or constructive obligation arising from a past event‚ if there is a probable (more likely than not) outflow of resources and the amount can be estimated reliably (IAS 37.14). In contrast‚ according to FASB ASC 450-20-25-2‚ a contingency (provision) is recognized if it is probable (likely) that a liability has been incurred and the amount is reasonably estimated. Scenario 1 (1) Under IFRSs: According to IAS 37.22‚ the contamination of the land gives rise to a legal obligation for
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Jas Gentlemen‚ Your Verdict Feb.13‚11 There are twenty men trapped at the bottom of the sea in a submarine. Help will not arrive for a week. There is only enough oxygen left for about three days‚ but the oxygen will last five men for a week. What should the captain decide‚ and how? Five men were picked to live and the rest were killed without knowing. Considering all the facts‚ Lieutenant-Commander Oram should be innocent. The men were in the submarine when the explosion went
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Contingency Theory Management and the Modern Day Corporation Page 4 Burns & Stalker (1961) – Managing Innovative Firms 1. Before the war‚ the industry was heavily involves in contract work with the government. 2. During the 1950s‚ opportunities arose for companies to develop new products for the growing consumer market (radios‚ TV’s‚ etc). 3. Consumer markets meant higher profits and greater Risks. 4. This meant moving into a market that was uncertain‚ competitive‚ extremely risky and required
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Majority Rules Verdict A. Outline the reasons that have lead to this law being changed. The Majority Rules Verdict is in effect in a handful of states in Australia. The main reasons for changing the standard laws for jury Verdicts to Majority Rules‚ is that it is very expensive to keep 12 jurors penned up in a hotel for a few days to even weeks‚ all because one person refuses to agree with the rest. Another important reason is that the Majority Rules Verdict is less time consuming and will allow
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CONTINGENCY THEORY Contingency Theory is a class of behavioral theory that claims that there is no best way to organize a corporation‚ to lead a company‚ or to make decisions. Instead‚ the optimal course of action is contingent (dependent) upon the internal and external situation. The leading practitioners of which were Tom Burns‚ Joan Woodward‚ Paul Lawrence‚ Jay Lorsch‚ and Fred Fiedler‚ an otherwise theoretically eclectic group who were nevertheless united in their belief that no single organizational
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Current Liabilities and Contingencies Current assets are cash or other assets that can reasonably be expected to be converted into cash‚ sold‚ or consumed in operations within a single operation cycle or within a year if more than one cycle is completed each year. Current liabilities are obligations whose liquidation is reasonably expected to require use of existing resources properly classified as current assets‚ or the creation of other liabilities. Accounts Payable or trade accounts payable
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Fiedler Contingency Model The contingency theory allows for predicting the characteristics of the appropriate situations for effectiveness. Three situational components determine the favourableness of situational control: 1. Leader-Member Relations‚ referring to the degree of mutual trust‚ respect and confidence between the leader and the subordinates. To build a strong team‚ there should be a great relationship among the employee‚ manager and the general manager because it is the foundation
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filed a lawsuit regarding the definition of life and the right for an individual to die in 1976 ("FOCUS OF ’76 RIGHT TO DIE CASE"). Quinlan’s story loosely inspired the creation of a novel by Barry Reed to then be adapted into a film‚ The Verdict (Simon). The Verdict follows the story of a medical malpractice case in Boston many predicted would not be successful. The alcoholic lawyer Frank Galvin experiences a variety of hardships during the trial. From the beginning of the movie‚ we are given an inside
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“Gentlemen‚ Your Verdict” Michael Bruce 1. From what perspective is the story told? (1 mark) This story is told in limited omniscient third person perspective. This is because the narrating voice enters the minds of most characters‚ excluding the radio telephone scenes. You can only hear Lieutenant Commander Oram’s voice‚ not the character on the other end of the radio. 2. Through which literary device does Michael Bruce tell his story? (1 mark) The literary device used was flashback
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