Allegations of Diamond Foods Inc.’s’ Understatement of Accounts Payable. Abstract On November 1‚ 2011‚ Diamond Foods Inc.’s (NASDAQ: DMND) unexpectedly disclosed serious discrepancies (possible understatement of accounts payable) regarding its 2011 financial statement reports and as a result announced its decision to delay its acquisition of the Pringles snack business from Procter & Gamble Company (P&G) (NYSE: PG). Naturally‚ the November 1‚ 2011 confession caused an immediate
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EXPLAINING THE WATER-DIAMOND PARADOX One of the most famous puzzles in economic theory is why Diamonds are more expensive than water. In our case we consider GOLD in case of DIAMONDS. Water is essential for life; it is so useful that without its consumption one cannot live or survive. On the other hand‚ diamonds‚ though attractive and beautiful‚ satisfy less human important needs than water. Then‚ how it can be that in the market a less useful commodity like diamonds is so expensive and a useful
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create one. Lets take weapons and nuclear bomb as an example. Nuclear bombs and guns are used to kill. Even if you did survive a bomb attack‚ you would still infected with the gases‚ and cause mutations. I would say that technology is neither a curse or a blessing‚ but both. Sometimes its good for some things and at other times its not. We can’t really blame the object‚ because its doing what its programed to do. People should blame the ones who invented it. Also every good inventions such as a
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The age-old question as to why diamonds are more expensive than water has perplexed economists for years. The fact that we need water to survive yet it costs less than diamonds‚ which has nothing to do with the survival of mankind‚ is very interesting. When talking about the Diamond-Water paradox‚ it is based on the premise of goods‚ ’ that consumption is related to well being which economists call utility. When it comes to the purchasing of goods or services it is explained that the bulk of
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Based on the movie “Blood Diamond” directed by Edward Zwick‚ it talks about a rare diamond discovered in a diamond mine located in Africa‚ where its plot is regarding the abusing of humanity for the high prices of diamond trade. Danny Archer is a diamond smuggler in Africa who seeks for a large amount of money which enables him to leave Africa for good. Due to his strong survival instinct‚ he made himself the key player in the conflicting business of diamonds. However‚ when he met Solomon in the
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SH** This word is one of the oldest of the current curse words that we use today. Its use can be found over 1‚000 years ago. It was first seen in the English language as scitte and was soon after known as scittan. This word was used to describe when cattle had diarrhea. It was also known as shite until the 1700s. Since then‚ we have used the current spelling of the word. A** / A**HOLE Since the 11th century‚ the word arse has been used to describe the buttocks of an animal. In the 14th
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COMPUTERS – A BOON OR CURSE Computer - a Boon or curse ? In my opinion computer is a boon to the mankind. Dear friends can you imagine the world without computers. It would be like the life a 100 years back. Would you accept that life? Today we enjoy such a comfortable life‚ don’t we owe this to computers. Look at the way the computers have a role to play in our life. Today when we get up in the morning and want to read the newspaper‚ internet permits us to read the latest news of
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‘The Internet- a curse‚ not a blessing.’ Beyond a shadow of a doubt‚ the invention of the Internet is one of man’s greatest and most spectacular endeavours. For‚ it has truly revolutionalized the world in regards to how we engage in business‚ recreate‚ socialize‚ educate ourselves and communicate with each other. The Internet eliminated all impediments of conventional methods of operations. Through its construction‚ the world economies have flourished. Therefore‚ it can be said in a nut shell
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CRITICISMS OF PORTER’S DIAMOND I. INTRODUCTION The book‚ “The Competitive Advantage of Nations”‚ shows how Michael Porter studied ten developed countries and 100 industries in order to answer questions concerning the national competitive advantage which he found to be inadequately explained by the Heckscher-Ohlin theory and the theory of comparative advantage. (Hill‚ 2009‚ p. 189). These questions include: A. “Why are some nations more successful than others in international competition?”
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Are Volcanoes a Blessing or Curse? Volcanoes are mountains‚ typically conical‚ where lava comes out from a magma chamber through a crater or a vent. There are two types of volcanoes; Composite and Shield. A composite volcano can be referred to as a cone volcano. These volcanoes have tall narrow cone and a wide base. Their magma chambers contain thick acidic lava‚ which means sometimes you can walk faster than the lava when it is moving! The layers of a cone volcano are usually alternated between
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