Beaman‚ and Roger T. Kelem (1976)‚ researchers found that children either in a costume‚ concealing their identity‚ or within a group were more likely to steal when left alone with a bowl of candy‚ than those who went trick-or-treating alone. In the SPE guards were given reflective sunglasses to wear throughout the experiment‚ which‚ according to the aforementioned study‚ increases their sense of anonymity. This may form an explanation for their abusive and facist actions towards the prisoners. Furthermore
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drive to maintain reported earnings growth‚ however‚ had led Enron to aggressive accounting policies to accelerate earnings. In particular‚ the ‘special purpose entities’ (SPEs) Enron used to move assets and liabilities off the balance sheet attracted most attention. The financial involvement of Enron officers and employees in the SPEs led to further questions. Enron executives regarded themselves as an elite. The company had largely left behind the Texan ‘good ol’ boy’ culture – and certainly the
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management kept finding ways to go around the system. Finally‚ the collapse can also be attributed to management integrity and Andersen’s failure to detect accounting irregularities. Auditors should have looked closer at the complex and complicated SPEs transactions in whish the company was venturing. What is the Emerging Issues Task Force (EITF)? Is it the same as FASB? Does a Consensus of the EIFT have the same power of GAAP as an FASB Statement? No they are not the same. The EITF was formed
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employees‚ but also the shareholders‚ U.S Citizens and also the impact that it had on other countries that Enron was affiliated with. The focus of this paper is on the creation of Enron’s business model that resulted in the fall of Enron. Also‚ how the SPEs and the Raptors come to play in assisting Enron. After the Enron scandal broke out‚ a new legislation was introduced and passed to prevent similar scandals from erupting again. In investigating Enron on their deregulatory schemes‚ it will help other
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investors‚ Enron needed to find a way to hide those debts. Andrew Fastow‚ CFO of Enron‚ turned to Special Purpose Entity (SPE). Several legal entities such as LJM and raptors were created and the poorly performing stocks were transferred to these entities. Then‚ the SPE were used to borrow large sum of money from investors with Enron’s overpriced stock as collateral. These SPEs were not reported on the financial statements. In this way‚ the debts were hidden from the stakeholders. Also‚ the borrowed
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the Stanford Prison Experiment July 15‚ 2008 The Stanford Prison Experiment (SPE) by Phil Zimbardo has been for me an example of the astonishing things that we humans are capable of. I guess as an example of human gullibility‚ I had not been skeptical about the experiment‚ which lacks quite a few scientific markers (aside from its ethical problems). During a talk by Barbara Oakley‚ she was asked to comment about the SPE because it showed the influence the situation and roles could have on human behavior
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industry’‚ Oklahoma State University. Jay Kandampully‚ Dwi Suhartanto‚ (2000) "Customer loyalty in the hotel industry: the role of customer satisfaction and image"‚ International Journal of Contemporary Hospitality Management‚ Vol. 12 Iss: 6‚ pp.346 - 351 Olsson‚ U.‚ Foss‚ T.‚ Troye‚ S Parasuraman A‚ Zeithaml V A and Berry L L (1988)‚ “SERVQUAL: A Multiple- Item Scale for Measuring Customer Perceptions of Service Quality”‚ Journal of Retailing‚ Vol. 64‚ pp. 12-40 Zeithaml V A and Bitner M J (2003)‚ Services
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the management perspective. The three examples of Enron behaving badly that I am going to study are the incidents in Valhalla‚ the electricity trading in California and the conflict of interest between Andy Fastow and his special purpose entities (SPE). These are just a few cases that led to the failure of the "World’s Leading Company." In 1985 Houston Natural Gas merged with InterNorth‚ of Omaha‚ Neb.‚ to form Enron and Ken Lay was named chief executive officer. The company was basically a
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Literature Review on International Standards and the TBT Agreement This literature review talks about three articles dealing with understanding what are these international standards recognized by the TBT Agreement‚ but also on their implementation by member nations of the World Trade Organization (WTO). Through these articles‚ we will try to define these international standards and their objective for international trade (I)‚ we will then explain how they are adopted and why their adoption process
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the column‚ a smaller one-armed Erlenmeyer flask that is clean will used to hold this extraction and 5 mL of ethyl acetate will be passed through SPE column‚ to obtain and remove the caffeine from the SPE column. A small one-armed Erlenmeyer flask containing 5 mL of ethyl acetate along with the compound caffeine‚ should be the result after using the SPE column
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