procedures and practices‚ compared to larger businesses that have many layers of bureaucracy. However‚ small-scale businesses face many challenges due to their size‚ and owners need to address these problems and come up with unique solutions for their small business to survive and prosper. 2. PROBLEMS AND SOLUTIONS (i) Difficult to Attract Customers: Small-scale businesses typically have a more difficult time attracting customers than larger companies. They have smaller marketing and advertising budgets
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M1. Case Study Assignment: Fraud at WorldCom 1. Who were the major characters in WorldCom? There are a couple of major characters that played their roles in the downfall of WorldCom. Mr. Bernard J. (Bernie) Ebbers‚ one of the founders of the original small long-distance carrier‚ was asked to take charge of the company during its early struggles. It was under his tenure that WorldCom began its expanding pursuits and aggressive acquisitions. Although Mr. Ebbers was he head of the company‚ their CFO
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Running head: PROBLEM SOLUTION: INTERSECT INVESTMENTS Problem Solution: Intersect Investments University of Phoenix MBA520 Abstract Intersect Investments is an organization reacting to a situation that has brought uncertainty to the investment services industry‚ after the terrorist attacks of September 11‚ 2001. Janet Angelo‚ a new Executive Vice President‚ has recently been tasked‚ by Frank Jeffers‚ to transition Intersect Investments Services (IIS) to a customer intimacy model within
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report. This is an entirely reactive model. Today’s fast-paced marketplace requires proactive inventory planning to meet current demand. Customers will switch to a competitor if their needs are consistently unmet in the time frame they dictate. Solutions: Mandatory tracking of fill rate and inventory turns for all product lines. Product managers should know these measures at all times. Fill rate should be measured daily‚ while inventory-turn measures will vary based on sales and production cycles
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Hong Kong’s environmental problems and solutions Hong Kong is one of the top financial centers in the world. Thus‚ the environmental quality of Hong Kong is very important. It is because the environmental quality is indirectly linking to the image of Hong Kong. Moreover‚ the living standard of Hong Kong residents is also under influencing of the environmental quality. However‚ Hong Kong is now surviving serious environmental problems. Poor air quality‚ noise problem and heavy traffic loads are
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Agriculture [USDA]‚ 2012) ]. Problem and Methodology One of many food stamp frauds was discovered when an employee of New York City Human Resources Administration (HRA) noticed and reported irregularities in HRA’s processing of food stamp applications. The New York City Department of Investigation (DOI) investigated the report and found out that Vanee Sykes with other four people‚ including current and former New York City employees carrying out a massive food stamp fraud. Vanee Sykes was a
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AC572 You Decide Jan. 24‚ 2011 When evaluating this case using the three elements of the fraud triangle I have concluded that the potential pressures for Chris to commit fraud are greater than for others. The pressure is from Chris himself because he wants what others have or what he doesn’t have. This is due to the fact that Chris is young and impressionable may feel as though he doesn’t make enough money to obtain the material possession he desires or see others with. He may also be of
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Case 9 Horniman Horticulture 1. The financial performance of a company can be determined by analyzing different financial ratios. The Horniman’s company financial performance looks strong and healthy if one looks at their 2005-projected financial summary net profit of 60.8 thousand dollars. Also they have a steady growth and increase from 2002 to 2004 in their revenue‚ profits and assets. In addition‚ Exhibit 2 demonstrates that all but one financial ratio supersede the benchmark for other horticultural
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Financial Research – The Xerox 1 Financial Research Xerox Financial Fraud Case Analysis This paper was prepared for Auditing Procedures Financial Research – The Xerox Abstract On April 8th‚ 2002‚ the Xerox Corporation ("Xerox") announced its willingness to accept the U.S. Securities and Exchange Commission (SEC) to reach a settlement with the conditions. Thereafter‚ its financial fraud became surfaced. On June 28th‚ Xerox Corporation in accordance with the requirements of the settlement
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html). As you can see‚ preserving car accidents not only saves the lives of the people‚ but also saves the money for their countries. This makes everyone to be involved in car accidents happen in their countries. So what causes the problem? There are many different reasons why car accidents happen. Some people are distracted while driving. They are on the phone‚ sending text messages‚ fixing their make-ups‚ and most of the drivers are distracted because of rubbernecking. They set their
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