in creating the problems that led to Enron’s financial problems? In order to prevent the losses from appearing on its financial statements‚ Enron used questionable accounting practices. To misrepresent its true financial condition‚ Andrew Fastow‚ the Enron’s CFO‚ takes his role involving unconsolidated partnerships and “special purpose entities”‚ which would later become known as the LJM partnership. Taking advantage from the SPEs’s main purpose‚ which provided the companies with a mechanism to raise
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Chernobyl Nuclear Meltdown On April 26‚ 1986‚ the Chernobyl Nuclear Power Plant exploded. The explosion released radioactive particles into the atmosphere which drifted across most of Europe. The resulting steam explosion and fires released at least 5% of the radioactive reactor core into the atmosphere and downwind. Two of the Chernobyl plant workers died on the night of the accident‚ they received high doses from external gamma radiation. More people died a few weeks later due to radiation poisoning
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How would you help poor countries develop? To help poor countries you need to know what are you going to do first and helping a poor country is like helping a man who lives on an island with fishing rods‚ so if you give that man fish everyday he won’t ever try to make his own food‚ instead you should teach him how to fish by himself‚ you are goanna see how are these to so familiar. Natural resources‚ they are really important to develop you need to know what kind of natural resources the country
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Organisational Behaviour‚ 2012-13 Assignment 3: Leadership and Group Behaviour How might theories of leadership and group identity help to explain the Enron collapse? ‘Leadership is the action of leading a group of people or an organization’ - (2012). Oxford Dictionary of English. -: Oxford University Press.). Leadership within a company often determines whether an organization is successful in its own right‚ any person responsible for people or a business should have certain traits and attributes
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How-to Create a Facebook Page Facebook is becoming an integral part of our society. The internet already plays an enormous role in how people communicate and Facebook is the new favorite medium that people use daily. People can find childhood friends that they lost contact with‚ old relationships are rekindled‚ and family can keep in touch all over the world. How exactly does someone set up a Facebook account? The process is quick and easy so it can be used in the same day. First‚ enter www.facebook
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a) Explain the ethical principles of the religion you have studied (25). The main idea of ethical principles in Christianity is to use them as guidance on how we should live our lives to be closer with God and prepare for His Son’s return. One of the main ethical principles in Christianity is love. This is shown through the teachings of Jesus. Christians get their ethical principles from the Bible‚ Church authority‚ the Holy Spirit‚ using their conscience and Natural Law (Catholics). The Bible is
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Countrywide Financial: The Subprime Meltdown Briarcliffe Online Live Chat 1 Unit Three Ramon Geronimo BA-338-2-SUM1-BRI12 Business Ethics Prof. Raymond Manginell June 1‚ 2012 Abstract 1. Are subprime loans an unethical financial instrument‚ or are they ethical but misused in a way that created ethical issues? 2. Discuss the ethical issues that caused the downfall of Countrywide Financial. 3. How should Bank of America deal
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Explain How Your Itunes Music Reveals Who You Are Do you ever just like to put on some music and sing along? I know I do! My choice of music is country. I’ve always liked country music. I don’t know if it’s because I live in the country or that it’s just fantastic music. All I know is that almost my whole itunes playlist consists of country music. My music definitely reveals who I am as a person. It shows who I am and how I act. Country music is the best music ever! My itunes playlist reveals who
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Enron Case ACC 304 1. What led to the collapse of Enron under Lay and Skilling? There were various reasons as to why Enron collapsed under Lay and Skilling. One reason Enron collapsed under Lay is because Lay simply did not practice what he preached. Lay did not live by his code of ethics and neither did his corporation. Not only that‚ but Lay and top management gave Andrew Fastow an exemption to the code of ethics to continue doing business. Another reason that Enron collapsed‚ under Skilling
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The Idea of Mill ’s ethical theory is his Greatest Happiness Principle in that “actions are right in proportion as they tend to promote happiness and they are wrong as they tend to produce the reverse of happiness. Happiness is the intended pleasure and the absence of pain. Unhappiness is the pain and the lack of pleasure. Pleasure and freedom from pain are the only desirable things.” Mill ’s view of happiness is hedonistic‚ which suggests that the only good thing in a person is pleasure and the
Free Utilitarianism Ethics Jeremy Bentham