1. What problems did Enron encountered? Many went sour in the early months of 2001 as Enron’s stock price and debt rating imploded because of loss of investor and creditor trust Methods the company used to disclose (or creatively obscure) it’s complicated financial dealings were erroneous and‚ in the view of some‚ downright deceptive The company’s lack of transparency in reporting its financial affairs‚ followed by financial restatements disclosing billions of dollars of omitted liabilities and
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Ethical Behavior Analysis of Bernie Madoff & Enron Ethics‚ ethical values‚ and social responsibility should all work in unison in a corporate business structure. These key traits are better defined as maintaining overall good business morals‚ obtaining employees who possess personal ethical values‚ and finally to behave ethically and with sensitivity toward social‚ cultural‚ economic and environmental issues. For a business to better ensure these quality business traits a code of ethics should
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Throughout history‚ great world structures depended on the extraction of mined materials. Early civilizations depended upon sheer labor to extract these materials. This was shown to be very labor and time intensive. Especially early on when stone tools were the only thing available. The solution to this problem came in the late 1800s with the invention of dynamite. Gunpowder is considered the first explosive to be discovered. It was first discovered many years ago in China and India. Early uses of
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The events that led to the collapse of the Roman Republic were as follows: During the early 1st century‚ there were many uprisings among non-Romans in Italy and Asia Minor due to their inability to vote since they were not Roman citizens; they had no voice in rulings that affected them. In addition‚ the citizens refused the non-Romans’ demands for citizenship purely out of greed as they wanted the spoils of war for themselves. At this tumultuous time‚ Lucius Cornelius Sulla‚ with his client army
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Which segment of its operations got Enron into difficulties? The fall of Eron has understandably generated significant interest in the professional literature as well as in the popular press. The activities and events underlying Enron’s collapse are manifold‚ but several stand out as particularly noteworthy. One is the use of special purpose entities (SPEs). Although SPEs often serve legitimate economic purposes and are still in use today‚ Enron used several of them to hide debt and to overstate
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The tragedy with the happy ending all started August 5‚ 2010‚ when the mine collapses 33 workers are trapped at the Chilean copper mine 300 meters below the ground level. Safety codes require ladders for mines‚ and the miners attempted escape through the ventilation shaft system‚ but the ladders were missing. The mining operation soon became known as “Camp Hope‚” for the next 69 days the dry‚ dusty‚ work site would be where rescue workers‚ officials‚ authorities‚ media‚ friends‚ and family of the
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create a utopian country. In a command economy‚ the government makes all decisions on jobs‚ land‚ and production‚ which leads to many social and political ramifications. This fact‚ along with a multitude of other factors‚ led to the Soviet Union’s collapse. In general‚ there is scarcely a command economy in history that has had success‚ this due to the fact that the negatives of a centrally controlled economy far outweigh the positives. The elements that led to the failure of
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"Construction and Collapse of Berlin Wall" Starting with the fall of 1949 there were basically two German countries on the territory of Germany‚ dividing the city of Berlin in two parts - FRG (Federal Republic of Germany) and GDR (German Democratic Republic)‚ also known as DDR (Deutsche Demokratische Republik). The first one was built after the principles of democracy‚ while its counterpart was built up after Socialist principles. For as long as 40 years this division caused tension. Right in the
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Jacqueline Moore C. Stephen Coleman Jr.‚ Instructor English 299‚ Section A November 16‚ 2010 The Twin Towers Collapse New York was always known for the Twin Towers‚ also called the World Trade Center. The World Trade Center building’s‚ were two building’s in New York City that were almost identical to each other. This is why they were known as the Twin Towers. In New York the World Trade Center brought together different government agencies‚ and gave businesses the opportunity to conduct
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if all civilizations are doomed to collapse because it hold the ability to prevent or slow down the collapse of any civilization. Historians such as Tainter (In Collapse and Sustainability: Rome‚ the Maya‚ and the Modern World)and Greer (In How Civilizations Fall: A Theory of Catabolic Collapse) have created analyzing both fallen and modern civilizations‚ both of these authors believe to some extent that a lack of resources is the beginning cause of a collapse of a civilization. There are some historians
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