Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to “cook the books?” After the rapid evolution of the telecommunication industry in the 1990s‚ WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result‚ their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective
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Causes and Consequences of the Reformation There were several causes of the Reformation. Some of them were short-term causes and others were long-term causes. One of the long-term causes of the Reformation was that many people thought that the Church was not following the Bible. For example‚ many people were unhappy with the idea of indulgences. Indulgences were gifts that people gave to the Church so their sins would be forgiven. In 1517 Luther nailed his Ninety-Five Theses to the door of a church
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not in its causes but in its consequences.’ In today’s rising society‚ where we experience people willing to strive to their maximum potential by any means necessary‚ it becomes blatantly obvious to why we often overlook the implications we inflict on others. We are sometimes aware of our actions‚ acting in spite or in fear‚ and sometimes ignorant to the situation‚ unaware of the consequences we deliver. The question is however – where does the importance of conflict lie – in its causes? Or in its
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The causes and consequences of unemployment Unemployment causes There are three main causes of unemployment‚ the first is cyclical unemployment which is unemployment arising from a lack of aggregate demand. Demand for most products are likely to be low and unemployment may be high. Since not a lot of people are buying a product‚ firms do not need as much labour and will reduce it leading to unemployment. This in turn will lower disposable income and decrease demand for certain products‚ hence
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Introduction Within the conceptual framework of this research‚ I would like to elaborate on causes and consequences of floods. There are always floods somewhere in the world. They threat big communities with millions of people‚ their lives and properties. Big floods always draw international attention. In order to support my discussion about floods with concrete examples‚ I will talk about causes and consequences of flood using Mississippi River basin. The flood plain A river’s flood plain is central
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Outsourcing: Causes and Consequences The economic development in a particular country determines some very intricate factors solely responsible for a country’s progress. When a business considers or evaluates the outsourcing of certain components of a business‚ they consider the advantages of outsourcing. If done for the right reasons‚ outsourcing actually helps a company grow and save a lot of money. Advantages of outsourcing are not always financial‚ they go beyond money. As the businesses evaluate
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ceasefires took place‚ until in March 1975 no further aid was given to Indo-China from the USA. There are many important causes and consequences of Vietnamization; these include Anti-War protests in America‚ the Tet Offensive in 1968 and the election of Richard Nixon. Consequences include the fall of Vietnam to Communism‚ the Cambodian civil war and the fall of Laos. A short-term cause of
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Copper is one of the few metals that have been mined for more than 100 decades globally. According to M.G.C Wilson (1989) copper has been mined since the early 3000 BC in Cyprus. In the ancient times copper was used for making tools‚ weapons‚ ornaments and many household utensils. Copper is the third most widely used metal after aluminium (Al) and iron (Fe) because of its high durability (Doebrich et.al‚2009). In the Southern African region copper has been extracted by the early inhabitants long
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The government of that country should be responsible for setting up educational programmes‚ where citizens of that particular country can be informed and educated about the importance of a balanced diet‚ as well as the different consequences and risks of an unbalanced diet. The programme should also supply protein supplements as well as the various vitamins and minerals to the citizens of the country However‚ due to financial constraints in the government in these underdeveloped countries
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fathers and sons; who normally contribute to the care and protection of their families; are often absent fighting in wars or seeking better work prospects. Others may have been killed or separated from their families in the excitement of flight. As a consequence‚ a large number of refugee women find themselves as single heads of households. These women often risk ill treatment and exploitation as they assume the responsibilities of caring‚ alone‚ for their families. Their problems are exacerbated when they
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