effort? Use a decision tree. b. Now suppose it is possible for your firm to wait until after the result of your competitor’s R&D effort (success or failure) is known. Is it advantageous for your firm to wait? Use a decision tree. c. Now suppose that the two firms can form a joint venture to pursue either or both projects. What is the expected profit of pursuing both programs? Alternatively‚ could the joint venture profitably pursue a single program? 2. A studio is considering making a film. Profit
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Having a career in law enforcement can be a very rewarding endeavor‚ but at times there are hard ethical decisions that need to be made. When I left the Sheriff’s Office it was so I could be able to start my PhD and be able to dedicate my summers toward the requirements of the degree. After I finish my terminal degree I would like to join an Agency as a Command Staff member or if I continue to enjoy teaching‚ find a position at a local college. Both positions require difficult choices relating to
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Legal & Ethical Environment of Business DATE: 2/4/2013 Week 1 Assignment PART 1: Follow the link below‚ read the article and analyze the practice of “dumping” dangerous drugs overseas. Can an American company be penalized for marketing a product deemed unsafe by the U.S.‚ if it is not also banned by the foreign
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The first chapter that I highly enjoyed reading about was chapter six‚ Ethical and Legal Issues. Nurses should be aware of the Ethics and Legal issues when dealing with patients at the hospital because if a certain scenario comes up‚ then the nurse will have to address and figure out the solution. The issue that stood out the most was Confidentiality. Every patient’s information‚ like medical records‚ needs to be kept confident within team members. Patients have the option to communicate to the
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RE: Punishing the Innocent: The Sarbanes-Oxley Act Hunter‚ B. (2007). Punishing the innocent: The Sarbanes-Oxley Act. Retrieved from www.fee.org/files/docLib/0703hunter.pdf ARTICLE SYNOPSIS Hunter’s article examines how the Sarbanes-Oxley Act (SOX Act) is too stringent and gives too much power over companies to governing bodies‚ i.e. the Public Company Accounting Oversight Board (PCAOB) (Hunter‚ 2007). It discusses how the SOX Act is unfair to domestic and foreign and small and large
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The Sarbanes-Oxley act was created in 2002‚ requiring companies to have more sufficient internal control over their financial statements. The old “I wasn’t aware of that” from executives is no longer acceptable and in fact can result in jail time for the executives and others involved. The company can also lose their exchange listing‚ lose of D&O insurance or face large 7+ figure fines. The act was a direct response to corporate scandals‚ such as WorldCom‚ Enron and Tyco who covered up or misrepresented
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because decision making is hard to do as a group; it is damaged group burdens that lead to a worsening of “rational effectiveness‚ truth analysis‚ and ethical decision”. Groupthink happens when groups are extremely organized and when they are under significant stress to make a valuable choice (Janis‚ 1972). A group is particularly weak to groupthink when its participants are alike in training‚ when the group is separated from outer ideas‚ and when there are no strong procedures for making choices
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Abstract This paper will identify my top five values and how they are used in business decision making. Examples will be given to explain the personal foundation of the values and justification as to why the corresponding values were place at their respected position on the list. Values Used in Business Decision Making Values have an influence on how we make decisions in our personal and professional lives. It is a difficult task to narrow the list of values to the top five. However
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Ethical Decision Making in Organizations: The Role of Leadership Stress Summary of Journal This journal tested the effects of leadership stress towards ethical decision making in organizations. This research assessed on the identification of ethical problems and ethical behaviours. Two hypotheses have been developed in this research and were tested through the use of survey and participants are from 3 sites of Swedish multinational civil engineering company. The survey can be divided into four
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society today? A culture where teachers and professors are now moving into the roles of “facilitators” where students are encouraged to get to answers to fundamental questions through discussions and finally making their own decision; as opposed to the fundamental “do as told” style. Well I think that basically comes down to the fact that history has shown us that there are multiple ways to achieve an objective and the only limit is our imagination. We need to learn how to make good decisions. Good
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