The decision making biases greatly impacted the decisions made by those involved in the oil spill. Between both organizations‚ BP and Transocean‚ and there inability to agree and make adjustments caused BP to be publicly criticized. The cognitive bias‚ overconfidence‚ is explained by the Business Insider as being “too confident” about one’s abilities. (Lee & Leibowitz‚ 2015). The worker’s on the rig presented this specific bias when making decisions. When the data examined revealed warning signs
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piracy in the Gulf of Aden Iran’s navy has rescued various foreign ships from the hands of pirates. Commander of the Iranian Navy said "The dispatch of the 21 fleets of warships to international waters in a three-year-long period and their 100% success in accomplishing missions signify the might and power of the Army’s naval force‚" Despite economic sanctions imposed by the west‚ Iran and its navy have still met its mandate to help save and protect foreign ships from pirates in the gulf of Aden (even
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shuttle‚ hydrogen began leaking and continued to fuel that flame. ("Challenger Disaster‚" n.d.) Contributing Factors Contributing factors for this accident can be narrowed down to weather and aerodynamic forces. The Challenger had never been launched in such low temperatures as this time. Sources point to the temperature dropping below 18° F the night before and 36° F on the morning of the launch. ("Challenger Disaster‚" n.d.) This colder climate created certain conditions that sources say affected
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Gulf Real Estate Properties Gulf Real Estate Properties‚ Inc.‚ is a real estate firm located in southwest Florida. The company‚ which advertises itself as " expert in the real estate market‚ " monitors condominium sales by collecting data on location‚ list price‚ sale price‚ and number of days it takes to sell each unit. Each condominium is classified as Gulf View if it is located directly on the Gulf of Mexico or No Gulf View if it located on the bay or a golf course‚ near but not on the Gulf.
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English 101 Gulf Shores Everyone has a place where they go to escape all the pressures and worries of life. There is always that one spot that can soothe all your problems and troubles in times of stress. For me‚ Gulf Shores is the ultimate cure to all of my problems. While I am there‚ all of my obligations are suddenly erased. The familiar smells‚ beautiful sights‚ and soothing sounds of beach make it remain my favorie place to be. The most notable sight is the ocean‚ which is miles
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Alpha Piper Disaster Introduction The accident‚ which occurred on board of the seaward platform Piper Alpha in July 1988‚ took lives of 167 people and cost billions of dollars damage of property. The Piper Alpha is placed in the North Sea‚ around 193 km northeast of Aberdeen. The field was discovered in January 1973 and the same year construction of platform took place. The depth of it was up to 140 m‚ and at the time the development and installation of the Piper Alpha platform give tongue to
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er 3) Physics of roller coasters | | Simply speaking‚ a roller coaster is a machine that uses gravity and inertia to send a train of cars along a winding track.[1] This combination of gravity and inertia‚ along with G-forces and centripetal acceleration give the body certain sensations as the coaster moves up‚ down‚ and around the track. The forces experienced by the rider are constantly changing‚ leading to feelings of joy in some riders and nausea in others. The basic principles
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Introduction: BP has been operating in Russia since the early 1990s. In 1997‚ it purchased a 10 per cent stake in Sidanco‚ the Russia’s 4th largest oil company. The stake was subsequently increased to 25 per cent plus one share in 2002. In 2003‚ BP merged its interests in Russia with those of TNK to create TNK-BP‚ a hugely successful joint venture employing around 50‚000 people and operating in nearly all of Russia’s major hydrocarbon regions. Since its formation‚ TNK-BP went on to become Russia’s
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A company?s financial statements and ratios are good indicators of its performance over the years. This report specifically compares the ratios for 2004 and 2005‚ with some additional insight into 2003‚ 2002‚ and 2001. The current ratio has increased by 0.0534 from 0.9900 to 1.434. As the current ratio is a measure of liquidity and ability to meet short-term debt requirements‚ BP was more able to meet their short term debt obligations in 2005 than 2004. From 2001 to 2003 the current ratios were
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1. What did Arthur Andersen contribute to the Enron disaster? Arthur Andersen (AA) contributed to the Enron disaster when AA consulting became its own separate entity‚ named Accenture. Revenues from consulting services surpassed revenue from auditing services. A natural competitiveness grew between the two rivals and this is where the problems began to start. Management held maximinizing revenues as their primary focus of success and promotions/bonuses were based on this factor. The CEO of AA‚ Joe
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