Mary Rose Anne A. Deriquito TTH 8:30-10:00 BSA-2 Determine whether the fallacies committed by the following arguments are formal fallacies or informal fallacies. 1. If Rasputin was really mad‚ then he deceived Czar Nicholas II. Rasputin was not really mad. Therefore‚ he did not deceive Czar Nicholas II. Answer: Formal Fallacies Explanation: This is a hypothetical syllogism and is a deductive argument. If it will be interchange it will be valid. 2. Everything that runs has feet. The Columbia
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214 Vice presidents: 129 CFOs: 53 Corporate counsels or attorneys: 23 Other corporate officers: 817 Total corporate fraud convictions 1‚236 The following prison sentences were awarded to recently convicted white-collar criminals: ■ Bernard Ebbers‚ WorldCom CEO—25 years ■ John Rigas‚ Adelphia Communications CEO—15 years ■ Dennis Kozlowski‚ Tyco International CEO—8 1/3 to 25 years ■ Martin Grass‚ Rite Aid Corp. CEO— eight years ■ James Olis‚ Dynegy Inc. vice president of finance—24 years ■ Martha
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The case study “HOW THE MILK SPILLED” revolves around PARMALAT‚ one of the biggest & most successful companies of Italy‚ The case discusses the unethical issues prevailing in the company as the company has been using false accounting & complicated financial systems to create a picture of financial health‚ misleading investors as well as analysts. The company‚ PARMALAT was set up by Calisto Tanzi in 1960s. He inherited his family business that was started by his grandfather
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Merrill Lynch Case1 By: Giuseppe Baldino (1710230) Mario Di Teodoro (1343777) Julian Pedicelli (1949829) Sandro Posteraro (1308548) Professor Edward Wong FINA 405 Section C Due: Monday January 21‚ 2013 Coordinates: To: Mr. Bhatia From: JMSB interns Date: June 2008 Subject: Merrill Lynch financial analysis Main Issue Should Citi Bank of America recommend Merrill Lynch as an investment option to clients? Recommendation Do not recommend Merrill
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so they would be able to have a roof over their head and food to eat. And third‚ investors were lied to and had things hidden from them. Both Enron and WorldCom were companies that had lied to investors. Enron told investors they had made $1.8 billion‚ when in reality it was quite the opposite: they told IRS they had lost a billion (p 210). WorldCom on the other hand‚ reported no loss but over exaggerated about their earnings. Enron also hid the fact that they were trading natural-gas and electricity
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known as the Public Company Accounting Reform and Investor Protection Act of 2002‚ is a federal law enacted in response to corporate and accounting scandals that led to bankruptcies and severe stock losses. Corrupt corporations‚ particularly Enron‚ WorldCom and Tyco‚ were acting unethical by committing accounting errors and fraudulent practices by management which led to scandals in 2001. The scandals impacted investors‚ who lost billions of dollars when the stock prices plummeted‚ and the public lost
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disclosure of information to unauthorized individuals or systems. Also‚ the information must have integrity‚ maintenance and assuring the accuracy and consistency of data over its entire life cycle. This means that data cannot be modified unauthorized or undetected. In the office‚ information is stored on files or computer system and this information form the basis of administrative decisions. Information plays a vital role in organizational decision making; it becomes pertinent that organizations take the
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CHAPTER 1 INTERCORPORATE ACQUISITIONS AND INVESTMENTS IN OTHER ENTITIES ANSWERS TO QUESTIONS Q1-1 Complex organizational structures often result when companies do business in a complex business environment. New subsidiaries or other entities may be formed for purposes such as extending operations into foreign countries‚ seeking to protect existing assets from risks associated with entry into new product lines‚ separating activities that fall under regulatory controls‚ and reducing taxes
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After the debacle of major corporations such as Enron‚ WorldCom‚ and Hollinger International‚ lawmakers sought to provide regulations that provide oversight on the way corporations report financial data and to ensure that stockholders were protected. The Sarbanes-Oxley Act of 2002 was put in place to combat deceit‚ improve the consistency of financial reporting‚ and reestablish the confidence of investors (Wagner & Dittmar‚ 2006). One of the declaring regulation within this major law is that the
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Corporate Scandal I. Olympus Updated: April 20‚ 2012 Olympus Corporation‚ founded in 1919‚ is a manufacturer of digital cameras and electronic equipment. Based in Tokyo‚ the multibillion-dollar company has operations worldwide. In mid-October 2011‚ Olympus was rocked by scandal when its former chief executive and president‚ Michael C. Woodford‚ who is British‚ was suddenly fired. The company’s chairman‚ Tsuyoshi Kikukawa‚ blamed a culture clash‚ but Mr. Woodford‚ a 30-year Olympus employee‚
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