Case: The Fall of Enron Enron was so admired prior until 2000; they grew to a powerful company. In 1985‚ Internorth acquired Houston Natural Gas to form HNG/Internorth‚ a natural gas pipeline company. This company was renamed to Enron. At the time of Enron’s creation‚ the U.S. gas market was in the middle of deregulation. In 1985‚ rules were established that allowed gas users to realize the cost savings by purchasing gas at spot prices and separately contracting with pipeline firms for delivery
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States history‚ various groups have faced discrimination. The federal and state governments have taken actions that have either protected or limited the rights of these groups in American society. Two examples of groups that faced discrimination are Native American Indians and Japanese Americans. In both cases‚ theses groups have had their natural rights violated and were forced to move from their homes. Ever since we settled here on this land‚ we have pushed aside the Native Americans to make room for
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Mr. Red Feliciano Enron Corporation’s Case Analysis Reference: Auditing and Assurance Principles by Jose Ireneo‚ Shirley Ireneo and George James 1. A. Fastow is one of the most responsible because being the Chief Financial Officer or CFO of the Enron corporation‚ he had a major influence. He was guilty of fraud‚ money laundering‚ inside trading‚ and conspiracy‚ among other crimes. Due to his acts such as misleading Enrons board of directors and audit committee on
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Ethics Case Study Everyday health care workers around the world are faced with tough decisions. The law guides many decisions but some decisions require ethical considerations. Making good ethical decisions is not always as easy as it seems. Making ethical decisions is even harder when the primary intention is to be helpful‚ but it is beyond an employee’s qualifications. Jerry’s Qualifications versus Necessary Qualifications Qualification as a medical assistant and a licensed practical
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outlooks for real life situations. I found the multidimensional structure of DeGeorge’s “The Case of the Collapsed Mine” particularly interesting because there were so many dilemmas to evaluate. While analyzing it with my peers‚ it was common to find a consensus on one aspect‚ only to have it raise questions on another. On the other hand‚ Bernard Williams uses “Jim and the Indians” as an argument against the Utilitarian Approach (276)‚ however‚ most of the people I discussed it with defaulted to that very
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Nevertheless‚ there are significant differences between utilitarian and deontology. Utilitarians and deontology sometimes might arrive at variant answers to the question that whether it is ethical to implement a placebo-controlled trial for the purpose of testing whether the new drugs are efficient. Holding all other things constant‚ utilitarians might conclude that it is correct to conduct the placebo-controlled trial if the benefits outweigh the costs‚ while a deontologist would argue that it is
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it was the "Greed Factor" which drives Enron employees to increase the profits through unethical methods‚ and ultimately causing its downfall. But could it be the opposite? I mean‚ could it be that it was Enron ’s culture and Key Performance Indicators (KPIs)‚ which is to increase the profits and share price that "forced" Enron employees behave in an unethical manner? What circumstances caused them to be unethical‚ really? At first‚ the leader of Enron Finance Corp‚ Jeffrey Skilling recruited
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Cited: Cahn‚ Steven M. Exploring Ethics An Introductory Anthology Second Edition. New York: Oxford University Press‚ Inc.‚ 2011.
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Enron: What Caused the Ethical Collapse? Andrew Rumsey Post University Enron: What Caused the Ethical Collapse? Enron‚ a Texas based energy company‚ has improved the way that electricity and natural gas is purchased ever since its inception in 1985 when its owner‚ Kenneth Lay‚ merged his original company called InterNorth with Houston Natural Gas Company. In addition to this‚ Enron’s growth was attributed to not only the U.S. congress deregulating the sale of natural gas but its selling of electricity
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statement: presents a summary of the business’s sources and uses of cash during the income statement period. Financial Report : Financial Report Form: Financial Report must be prepared according to the Standards of GAAP : generally accepted accounting principles for preparing the financial statements‚ these rules permit alternative accounting methods for some transactions. Furthermore‚ accountants have to interpret the rules as they apply GAAP in actual situations. The devil is in the details. The point
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