[1] What business was WorldCom in? WorldCom was in the business of telecommunications. Where was WorldCom located? WorldCom was located in Clinton‚ Mississippi. Who was the CEO? The CEO was Bernie Ebbers. Who was the CFO? The CFO was Scott Sullivan. What are the names of the two members of the internal audit staff who worked with Cynthia on their secret investigation? Gene Morse and Glyn Smith What made the internal auditors think that possibly there was a need to investigate WorldCom’s
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Cost of Quality In current context same meaning: Quality Costs‚ Cost of Quality‚ Cost of Poor Quality Impact of Costs Price Erosion Sales Profit +Warranty Cost +Material allowance Ideal $ Variable Cost Spread of break-even zone Fixed Cost Quantity Yield -> Waste -> (from design‚ defects‚ efficiency) -> impact costs Why Focus on Cost of Poor Quality? Price Erosion Profit Profit Profit Profit Total Cost to manufacture and deliver products Cost of Poor Quality COPQ Cost of Poor Quality
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Teaching Note on How the Earnings Management Teaching Module Can Be Taught Teaching Aims of the Module The Earnings Management Teaching Module is designed to help faculty teach how companies might manipulate earnings to maximize revenues‚ minimize expenses‚ and/or create reserves by setting aside some earnings in the current period that can be released into income at a later period. The result is to overstate earnings and mislead shareholders and creditors about the success of the company
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WorldCom Failure in relation to its Organizational Behavior LDR/531 - Organizational Leadership October 7‚ 2010 WorldCom Failure in relation to its Organizational Behavior INTRODUCTION Year 2002 saw an unprecedented number of corporate scandals: Enron‚ Tyco‚ Global Crossing‚ etc. In many ways‚ WorldCom is just another case of failed corporate governance‚ accounting abuses‚ and outright greed. Many people may question if there is a secret to operating a successful business in modern times.
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Cost-Quality Relationship Memo Ziv Mor Western Governors University TO: John D. Doe‚ Department Supervisor FROM: Zeav Mor‚ Quality Assurance DATE: April 1st‚ 2012 SUBJECT: Costs of Quality An important aspect for our consideration includes the costs of quality. Considering our product is not affected by place‚ income‚ sex‚ race‚ age‚ or any environmental concern‚ the profit margins should be considered higher. However‚ it is crucial to recognize three costs of quality
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CASE FOR QUALITY Measuring the Cost of Quality For Management by Gary Cokins T he quality movement has used the term cost of quality (COQ) for decades. But few organizations have actually adopted a reliable and repeatable method for measuring and reporting COQ and applied it to improve operations. Is the administrative effort just not worth the benefits‚ or is there a deeper problem with the methodology for measuring COQ? What COQ Should Do At an operational level‚ quality management
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1. Costs of Quality: There are four major categories: 1. Prevention costs are associated with preventing defects before they happen (need additional time‚ effort‚ and money). Companies employ many techniques to prevent defects for example statistical process control‚ quality engineering‚ training‚ and a variety of tools from total quality management (TQM). 2. Appraisal costs (Inspection costs) are incurred when the firm assesses the performance level of its processes 3. Internal failure costs
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Industrial research report COST OF POOR QUALITY SUBMITED TO: MR. AZHAR NISAR LETTER OF TRANSMITTAL Mr. At Gulistan-e-Johur Karachi. RESEARCH VISIT BY STUDENTS Dear Sir‚ Assalam o alikum Bahria University is federally accredited University based at Islamabad with its campus at Karachi. University is educating is students in the fields the of management science‚ computer‚ Engineering‚ Medical and Dental Surgery. Management science students are guided to carry out subject
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reducing the costs of the products. At TI‚ quality was major focus during the international competition. Moreover‚ management also understood that‚ in order to obtain the long-run competitive success‚ it had to encounter greatly on expanding quality control. Thus‚ the company came up with “Total Quality Thrust” in which they developed the quality control system (i.e. they recorded cost of quality arose by the poor quality/performances of any process/products in a book called Quality Blue Book). Though
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was to ask for cost estimation of public service. Why do you think he asked for cost estimation instead of privatizing the public service right away? Was it a sensible action? 2. Existing DOT employees were allowed to bid against private businesses. Was it a sensible decision? For example‚ they could have been just fired. 3. How well did the project team implement ABC for estimating the cost of pothole filling? Do you agree with the manner in which they treated equipment cost and excess capacity
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