in unethical behaviors is because of heavy pressures on company managers to meet or beat earnings. The most recent example of this would be WorldCom. At WorldCom there were incredibly high pressures from upper management to meet profit goals. With this pressure many managers hide costs and inflated revenues over a several year period. The scheme helped WorldCom make additional acquisitions‚ support its $30 billion debt‚ as well as allow executives to cash in on their stock options. The final reason
Premium Ethics Ponzi scheme Business ethics
An oligopoly describes a market situation in which there are limited or few sellers. Each seller knows that the other seller or sellers will react to its changes in prices and also quantities. This can cause a type of chain reaction in a market situation. In the world market there are oligopolies in steel production‚ automobiles‚ semi-conductor manufacturing‚ cigarettes‚ cereals‚ and also in telecommunications. Often times oligopolistic industries supply a similar or identical product. These
Premium Monopoly Oligopoly Cartel
accounting issues resulting in an improvement in financial reporting. Page 4 However‚ he goes on to say he has doubts about whether we have experienced such a drop in actual fraud in financial reporting. Although there may not be such Scandals as WorldCom or Enron‚ he doesn’t believe that a reduction in fraud will occur just because of Sarbanes-Oxley or other
Premium Enron
for reviewing and approving the use of resources and caring for shareholder interests. (45-46) One of the most well known examples of a board of directors who did not meet it’s responsibility is WorldCom. The board of directors did not control and monitor the CEO who led the destruction of WorldCom and was convicted of accounting fraud and sentenced to 25 years in prison. The CEO ran the company the way he wanted to with his goal of achieving financial growth through acquisitions without having
Premium Corporation Corporate governance Management
major feast. | Vigan | Manmanok | Courtship Dances | Blankets | Three Bago Tribe roosters compete against each other for the attention of Lady Lien. They use blankets depicting colorful plumes to attract her. | http://www.seasite.niu.edu/Tagalog/Cynthia/philippine_dances_cordillera.htm Western Influenced Dances Place of Origin | Title of Dance | Nature of Dance | Costume and Props Used | Dance Description | Cuba | Danza | Festival Dances | none | The Argentine writer Carlos Vega (1898-1966)
Premium Provinces of the Philippines Dance Mindanao
serve different purposes with varying audiences. Despite having the same topic‚ these two genres - a scientific online article and a blog post- also vary in shaping the meaning and use of dreams. The blog post was written by a teenage girl named Cynthia‚ who had a dream she wished to express online. Because of the text ’s genre‚ there are many rules of the English language that are broken as she is describing her dream‚ but this is acceptable on a personal blog. Throughout the text there is misuse
Premium Dream Blog Dreaming
2000’s for their misleading accounting methods‚ leading investors to believe the company was making billions; in which the government step-in‚ and created the Sarbanes-Oxley Act (SOX) of 2002. In early 2000’s‚ numerous Fortune 500 companies‚ Enron‚ WorldCom‚ Arthur Anderson and Adelphia and others‚ were alleged practicing complex accounting methods to cover their huge debt‚ while claiming they were making billions of dollars (Ferrell‚ O. C.‚ Hirt‚ G. A.‚ & Ferrell‚ L. 2005). However‚ the accounting
Premium Enron scandal Fortune 500 Enron
I believe the family of three in focus throughout The Shawl is most likely imprisoned at a war camp‚ solely because they are underfed‚ scared‚ and always threatened to be shot if acting out of place. With this in mind‚ it can be said that Cynthia Ozick’s short story revolves around the major theme of survival. When one is attempting to survive‚ it usually means that they are deprived of most of their resources and desperately need support. In the beginning of The Shawl‚ Rosa is described as a “walking
Premium Family Infant Breastfeeding
Sarbanes-Oxley Act Brandie Cortinas ENGL 145(D-21) 5-12-14 Ms. Vivian Abstract The act enacted in response to financial problems to protect the public from accounting errors and fraud. The act does not specify how a business should store their records; rather‚ it defines which records are to be stored and for how long they’re going to be stored. The act affects the financial corporations and the IT department. All business records must be saved for more than five
Premium Corporate governance Internal control Sarbanes–Oxley Act
Service Request Memo Normalization Cynthia Erney Database Concepts DBM/381 August 21‚ 2012 Nongxin Rao‚ PhD To: the Technical Services/Logistics Manager at Taylor Ambulance RE: Service Request SR-ta-001 Scheduling System Database This memo is to inform you that your service request SR-ta-001 has reached my desk and currently is in the process of being completed. The purpose of this memo is to report the progress on the service requests. Currently I am in the stage of normalizing the database
Premium Database normalization