liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith‚ they usually will
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Business Ethics: Case Study 2: Starbucks’ Mission: Social Responsibility and Brand Strength 1. Why do you think Starbucks has been so concerned with social responsibility in its overall corporate strategy? * Starbucks achieved social responsibility by taking steps to follow guidelines‚ minimize its environmental “footprint”‚ and became involved with the community. This is important to the company because ethical companies do better in the long run. Customers feel good about bringing business
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DQ1 SC the number one source of revenue was individual income taxes which were approximately $976‚054 for the 4th quarter of 2011. The 2nd largest source of revenue for SC was general sales and gross receipts which was approximately $686‚433. The third largest source of revenue for SC was motor fuel sales taxes which were approximately $129‚622. The income tax funds are used for education‚ Medicare/Medicaid‚ low income housing‚ and other federal programs. The burden of SC and local taxation
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1. INTRODUCTION Designing a compensation plan is one of the most complex tasks for most organizations as it affects job satisfaction‚ employee turnover‚ productivity and the overall company effectiveness. If not properly managed‚ this may lead to high employee turnover‚ low productivity‚ among other problems which is especially true for a large service-oriented firm like McDonald’s. McDonald’s first-line managers deal directly with customers along with the front-line crew and it is crucial to draw
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Case 2 E-Government Increasing Productivity and Efficiency with Could and Mobile Technologies Question 1. Why are government agencies increasingly interested in using cloud and mobile technologies to accomplish their missions? Government agencies have found they could deliver the information and service by IT solutions. When using the IT in a more efficient and coordinated way‚ government agencies could accomplish more on tighter budgets. Using cloud computing‚ the federal government not only reduced
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Case Study – Strategy Report Brown-Forman Corporation (Jack Daniel’s) Strategic Issues Considered: Resource-Based View Product/brand reputation Organizational culture International Expansion Sustainability Risk Course: Strategic Management KEY ISSUES From reviewing the book case study and researching the Brown-Forman Corporation‚ there are several key strategic concepts and issues that characterize the company. The issues addressed
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In this scenario Margret Weston‚ received a letter. In the letter she found out that Yossarian acquired 10% of the company’s stock. This aggressive move by Yossarian was motivated by the company management not doing their job to maximize shareholders wealth. Moreover‚ the managers were having issues with the hurdle rate‚ because it is just generally accepted‚ but not scientifically proven. On the other hand one TV Commentators opinion about Teletech Corp. is that “there is no way to have a hostile
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CONTROL REQUIREMENTS FOR GOING PUBLIC Sarbanes-Oxley Act of 2002 (SOX)‚ enacted on July 29‚2002‚ is a United States Federal law that imposed new rules and regulations for all US public companies. Under SOX Section 404‚ all publicly listed corporations are required to maintain an adequate system of internal control. Under SOX‚ corporate executives and the board of directors are personally responsible for making sure that the internal controls in place are effective and reliable. Independent auditors
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Directions. This is a study guide and you are to follow exactly the directions and model for doing study guides which you will find in the syllabus. The more you write the higher your grade. In brief‚ you are to download my questions in bold Times New Roman 12 font; then respond in regular‚ unbolded font with detailed discussion‚ supported by quotation(s). Scroll down and do the “Readings” and then go to the “Questions to Answer” which you will find by scrolling to the bottom of the introductory
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Case Study Two Name Accounting and Finance 02Feb2011 Dear President of LJB Company‚ (1) If the LJB Company should decide to become a publicly traded company‚ a few internal controls should be implemented to comply with the Sarbanes-Oxley Act (SOX). * Management will need to provide periodic quarterly reports to evaluate the effectiveness and reliability of LJB’s internal controls over financial reporting procedures. * Management should certify the accuracy and fairness of presentation
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