ASSIGNMENT NO.1 Subject: CORPORATE GOVERNANCE Topic: Business Ethics scenario Case Study Date: 7th March 2011 Submitted by: Miss. Janhavi R Joshi Submitted to: Professor Mrs. Monica Khanna 1. Receiving a Holiday Gift: A supplier sends a basket of expensive foodstuffs to your home at Christmas with a card: "We hope you and your family enjoy the ’goodies.’". What action(s) might you want to take? Answer: Ethical dilemma: There are two reasons for such generosity from the Supplier
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Bond issue price and premium amortization Bond issue price and premium amortization On January 1‚ 2011‚ Placido Co. issued ten-year bonds with a face value of P1‚000‚000 and a stated interest rate of 10%‚ payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 10 periods at 10% ......................................... .386 Present value of 1 for 10 periods at 12% ...........
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Enron’s Collapse In the case of Enron’s collapse‚ many would blame the external auditor’s collusion with the management‚ the aggressive accounting policy it had adopted to manipulate its earnings or the Special Purpose Entity (SPE) it had created as a sham to conceal its debts. However‚ everything began from an internal environment with weak controls. The internal environment is the capstone of all other components within an organization’s ERM framework‚ influencing strategy formulation‚ objective
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Students produce an interview of a character using a 10-question format. 20 Ways of Looking at the Book These activities address multiple intelligences and a range of student ability levels. 91 Ways to Respond to Literature Multiple intelligences‚ varied ability levels‚ traditional to cutting-edge: you’ll find book report ideas here! This list was originally compiled by Anne J. Arvidson. Alternatives to the Traditional Book Report This page lists 70 ideas for responding to reading. Many
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Corporate-level strategy is focused mainly on the decisions over the scope of the firm ’s activities‚ mainly: product scope‚ geographical scope‚ and vertical scope. One of the myths of corporate-level strategy is that strategy formulation can be separated from implementationthat strategy is constructed first‚ then the appropriate management and organizational structure is selected afterwards. Unfortunately‚ this will result in a poorly designed strategy since it does not take into account the
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WHAT IS CORPORATE STRATEGY? Although strategy has different definitions by various authors‚ to understand Corporate Strategy we begin by defining strategy. "Strategy is the direction and scope of an organization over the long-term: which achieves advantage for the organization through its configuration of resources within a challenging environment‚ to meet the needs of markets and to fulfil stakeholder expectations” (Johnson‚ Scholes & Whittington‚ 2008). From the definition given by Johnson
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the phone or by using the Internet. Businesses use technology to help produce the product they are selling‚ use technology to advertise the product and also use technology to ship the product they are selling. Technology is everywhere and it has brought advantages that have impacted everyone in some way shape or form. I think that in ten years technology will continue to expand and improve. There will be easier and faster ways to diagnose and treat cancer. They have just came out with 3D
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provide relevant information about operational improvements and about the costs of organizational processes‚ products‚ and customers. Chapters 4 and 5 dealt with the first major component of Stage III cost systems‚ the systems to provide financial and nonfinancial measurements that will promote employee continuous improvement activities. In this chapter we introduce the innovation of activity-based costing (ABC) as the second major component of Stage III cost systems. ABC systems require a new kind of
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ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The company currently has annual sales of around $1.2 million‚ a 25% increase from the previous year. The company has an aggressive growth target of reaching $3 million annual sales within the next 3 years. The CEO has been trying to find additional products that can leverage the current ABC employee skill set as well as the manufacturing facilities. ABC Company’s current financial information (before/without
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“Ethical issues about Business “ Discrimination You’re the boss in a predominantly male environment. The presence of a new female employee stirs up conflict because your company has not had a chance to conduct sensitivity training. Some of your male employees make inappropriate remarks to your new employee. She complains to you; in response‚ you sanction those responsible for the conduct. You also wonder if it would be wise to move your new female employee to another position where she would
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