their losses through unscrupulous means. They would book hypothetical profits on projects and joint ventures that had not yet launched and on the day a deal was signed. They would hide their debts through the use of complex Special Purpose Entities (SPEs). They would solicit support from top tier investment banks by giving them lucrative deals to work on. All this and more was conducted with one clear objective in mind: to make as much money as possible through manipulation. Everyone was happy as long
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CASE 1.1 Enron Corporation “Think Straight‚ Talk Straight. “ This was the motto of Arthur Edward Andersen. He was the founder of the Arthur & Company‚ which was established to provide accounting‚ auditing and related services. Throughout his professional‚ Arthur E. Andersen career‚ relied on a simple‚ four-word motto to serve as a guiding principle in making important personal and professional decisions: “Think straight‚ Talk straight.” Andersen would prefer fewer clients‚ than having more
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nihil est factum‚ quam ut occideretur. 2 Ex hoc‚ qui sit status totius rei publicae‚ videre potes. 3 16. 4 Nostrae tamen causae non videntur homines defuturi: mirandum in modum profitentur‚ offerunt se‚ pollicentur. 5 Equidem cum spe sum maxima‚ tum maiore etiam animo‚ spe‚ superiores fore nos‚ animo‚ ut in hac re publica ne casum quidem ullum pertimescam. 6 Sed tamen se res sic habet: si diem nobis Clodius dixerit‚ tota Italia concurret‚ ut multiplicata gloria discedamus; sin autem vi agere conabitur
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505 502 501 500 496 478 484 492 498 500 502 502 500 499 499 495 475 478 486 494 497 499 500 498 498 498 493 476 475 480 488 493 495 498 496 496 498 486 540 532 528 522 518 516 514 507 503 502 509 562 550 546 526 522 518 514 508 504 502 495 523 520 520 518 517 516 516 515 515 515 498 516 514 515 516 515 514 514 512 513 514 Table 3: Pressure Coefficients ( ) Free Stream Velocity √ √ √ ( ) Reynolds Number 3 Coefficients at various Tapping 1 2 3 4 5 6 7 8 9 10 11 -0.956 -0
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Experiment‚ which was a psychological experiment that determined the roles of members in a society that became a fiasco (“Philip G. Zimbardo” 1). The experiment left emotional and mental scars on mock-prisoner lives. The Stanford Prison Experiment (SPE) illustrates the way a person changes when a label and power is all of a sudden given to hoax guards in order to control fraud prisoners. The experiment had a unit of people willing to help the study (“On the Ethics of Intervention…”1). Researchers
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Catholic Social Teaching and Gospel Nonviolence (From "THE GOD OF PEACE: TOWARD A THEOLOGY OF NONVIOLENCE) Roman Catholic social teaching on justice and peace dates back over one hundred years. In the past thirty years‚ this "new" tradition has opened the door to a theology of peace. A simple review of the church’s social teachings on justice and peace may shed light on our theology of nonviolence. This new theology can learn from Pacem in Terris‚ the Second Vatican Council’s stand on peace
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Dec 3 Exam 3 Sample Questions Possible Exam 3 Questions True or false: 1. Due to insurance arrangements and the securitization of mortgage investments‚ many U.S. bankers did not adequately gauge the risks of subprime loans. TRUE 2. A commonly accepted theory is that the Subprime lending crisis was due the Government placing more restrictions and regulations on the investment banking industry starting in 1999. FALSE 3. For the most part‚ the credit ratings granted
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Case Study 9 Kim Chau California Southern University MKT 86519 Dec 19‚ 2014 N. Papazian Accounting for Enron Introduction In the case of Accounting for Enron‚ the case concerned one of the largest corporate bankruptcies in the US history at the turn of the 21st century. It was Enron Corporation‚ a one time seventh largest most successful US company‚ sixth largest energy company in the world‚ valued at over $70 Billion; they filed for chapter 11 on December 2‚ 2001. Just the year before‚ Enron
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The Enron Accounting Scandal Presented By: Jennifer Buondonno Nirmala David Robert Pufky Matt Rollings ENRON Page 1 of 27 Table of Contents Executive Summary……………………………………………………………..3 (I) Introduction to the Enron case and the organizations involved……. 5 Background information & industry…………………………………………….. 5 Organizations and officers involved……………………………………………..6 Accounting firm and partners involved………………………………………….8 Enron’s industry………………………………………………………………….. 9 Enron’s injured parties……………………………………………………………
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This essay will focus on “A Study of Prison Guards in a Stimulated Prison”‚ an experiment conducted in 1973 at Stanford University‚ by one of the most famous Psychologists to date‚ Philip Zimbardo. Interestingly‚ the Office of Naval Research sponsored the study as part of an ongoing programme tailored to generate a better understanding of the first principles of psychological processes underlying human aggression (Haney‚ Banks‚ & Zimbardo‚ 1973). A famous experiment that is widely propagated in
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