E. Boos – Week 2 – Assignment February 17‚ 2013 The Enron and WoldCom Scandals ENRON 1. The segment of Enron’s operations that got them into difficulties had several parts. They published misleading financial reports. They could not meet their bridge financing commitment with Barclay Bank because outside investors were not found. Because of this‚ they restated activities of JEDI and Chewco SPEs so they could be retroactively consolidated into Enron’s accounts. The SPEs
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Enron – The Ken Lay Indictment Questions/Answers for Discussion: 1. Is there sufficient evidence of fraudulent intent to convict Ken Lay for stock manipulation "beyond a reasonable doubt"? Why or why not? If we are answering the question with the given facts presented in this case study‚ there are only allegations. To convict Ken Lay for stock manipulation ’beyond a reasonable doubt’ means that a trial must happen and both sides: Prosecutor and Defense will present a case to convince the jurors
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Enron is frequently given as an example of creative accounting. It is also given as a good example of accounting fraud and insider trading. This is a good example of creative accounting taken too far - not many would disagree that it was accounting fraud‚ although some would say they were just unlucky to get caught. after all‚ the auditors were Arthur Anderson‚ at the time one of the most respected auditing firms. Creative Accounting – Example 1 – Creating multiple trading entities The creative
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1. The Enron debacle created what one public official reported was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. Following parties are believed to be the most responsible for the crisis. With any big organization going so bad‚ the blame starts with the top level executives‚ there was no different in this case. For Enron the blame started with Enron’s
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Act Utilitarian and Rule Utilitarian Decisions Name Class name Teacher name Date Act Utilitarian and Rule Utilitarian Decisions Making decisions is hard for most people‚ but making a decision regarding another person life is even harder. The scenario shows a common case for a a doctor‚ and according to his education he could take an act utilitarian decision or a rule utilitarian one. Act utilitarian acts are those that are consider to be right if there is maximized utility
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Is art utilitarian? How does the work of Marcel Duchamp challenge this idea? I personally do not believe so; I think anything can be art. It is simply in the eyes of the viewer to decide whether it’s worthy enough or not to be described as true art. Duchamp believed in Dada(ism)‚ which basically meant show the absurdity of the world and have nothing to do with it. His idealism of being a Dada(ist) artist was to make Ready-Mades. As we all saw in the video‚ he used simple objects such as snow shovels
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According to Kant because our actions often have unforeseen consequences‚ the morality of them comes from the intentions behind them. Kant’s theory states that nothing is good without qualification‚ except for the good will. The reason for this is that even though many things may have the potential for good‚ they have the same potential for evil; take for example the human brain. A will is good according to Kant when it “is good in itself‚ and considered by itself to be esteemed much higher than
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In the utilitarian sense of individualism a person is just looking out for their own interests‚ this can primarily be seen when the main characters interact with others. The first episode Rachel has run out of her wedding and she is on the phone with her father telling
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immoral. My argument is based on ideas that are rooted in both utilitarian and deontological ethics as I will show throughout the essay. One of the few religions to condone acts of abortion is Hinduism. This is not to say‚ however‚ that Hinduism is blindly accepting of all kinds of abortion. In Hinduism‚ the belief is that one should make a decision based on what kind of effect it will have on all those involved. This is a very utilitarian way of looking at abortion because it looks at the decision
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In 2001‚ Enron was the fifth largest company on the Fortune 500. Enron was also the market leader in energy production‚ distribution‚ and trading. However‚ Enron ’s unethical accounting practices have left the company in joint chapter 11 bankruptcy. This bankruptcy has caused many problems among many individuals. Enron ’s employees and retirees are suffering because of the bankruptcy. Wall Street and investors have taken a major downturn do to the company ’s unethical practices. Enron ’s competitors
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