IF ALL PUBLICLY TRADED FIRMS ARE OPERATING WITHIN THE SAME BASIC CORPORATE GOVERNANCE SYSTEM AS "ENRON"‚ WHY WOULD SOME PEOPLE BELIEVE THIS WAS AN ISOLATED INCIDENT‚ AND NOT AN EXAMPLE OF MANY FAILURES TO COME? The answer to this question lies within the minds of the Enron Managers rather than with the business environment. Most likely‚ these managers are well-educated and may have come from rich families. If this is so‚ then the logical thing to do is not to destroy their reputation or If
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1.0 Contracts and its Elements 1.1 Essentials of a Contract Contracts form part of our daily life e.g. lease of house‚ sale/purchase of cars‚ etc. However‚ there are elements essential to form a contract. These are: 1.1.1 Offer/Invitation MacMillan & Stone (2004) described offer as “an expression of willingness to contract on certain terms. It must be made with the intention that it will become binding upon acceptance. There must be no further negotiations or discussions required.” This can be
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Solar Energy In 1839 Alexander Edmond Becquerel discovered the photovoltaic effect which explains how electricity can be generated from sunlight. He claimed that an electrode submerged in a conductive solution would create an electric current. ‘However even after much research and development subsequent to the discovery‚ photovoltaic power continued to be very inefficient a solar cell were used mainly for the purposes of measuring light. Solar energy is radiant light and
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eradicating heterosexual transmitted HIV.[1] Other exerts concur with infants circumcision citing its medical benefits in preventing transmission heterosexual HIV. In this review‚ evidence showing the effectiveness of infant’s circumcision in controlling heterosexual transmitted HIV will be established. Wodak was of the idea that‚ Australia should introduce policies encouraging infant male circumcision to counter the high rates of transmission of heterosexual HIV. The foreskin consists of a
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Case 9 Enron: Questionable Accounting Leads to Collapse How did the corporate culture of Enron contribute to its bankruptcy? The corporate culture at Enron was centered on a twisted lack of ethical behavior based on greed and profit seeking. Top management set a tone in the workplace that encouraged risk and rule breaking in the name of revenue. Employees were compensated for unethical behavior that brought money into the company and terminated if they did not reach the monetary levels of
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Tenley Tenley from the moment she was born has always wanted to be famous for doing something amazing. Since the moment she was she Nobel prize winners‚ athletes‚ and celebrities‚ she knew she always wanted to be one of them but being from the little Yarringstowne‚ nobody knew this place. How was she to be famous in a place that’s barely on the map? When she heard that Mayor Paula had been kidnapped‚ she saw this as her opportunity to be famous‚ as small of an opportunity as it was. Word passed around
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All of the listed cases demonstrate how difficult it is to violate an established social structure‚ even when following the social structure violates personal morals. Milgram’s findings‚ as read in the article “If Hitler Asked You to Electrocute a Stranger‚ Would You?”‚ apply to the first case of a manager and her fiancé ordering a teenage girl to strip and her following their commands. Milgram’s data suggested that humans are obedient even to the extent of blindly following authority. His findings
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1 Auditing issues in Enron case Independent Needed for the Houston office of Andersen‚ an audit partner that understands the role of being a "public watchdog" with "ultimate allegiance to the creditors and shareholders" . Arthur Anderson abandoned its roles as independent auditor by turning a blind eye to improper accounting‚ including the failure to consolidate‚ failure of Enron to make $51million in proposed adjustments in 1997‚ and failure to adequately disclose the nature of transactions with
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Sound recording techniquesl Microphone techniques In order to have a good mic technique you’ll need to understand how the microphones diaphragm work’s depending on sensitivity to your vocal performance you’ll need to adjust your body/ or object according to the dynamics of your delivery. In order to have a high quality recording. Recording drums Some microphones are used for the testing of speakers and checking noise levels etc. These are known as calibrated transducers and will usually
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dollars) Total Revenue Marginal Revenue Total Cost Marginal Cost Profit (or loss) 0 42 0 35 1 41 41 68 2 40 80 94 3 39 117 107 4 38 152 114 5 37 185 129 6 36 216 180 7 35 245 235 8 34 272 296 Step Two: Determine a product market (a specific good or service) appropriate to the prices listed. This will be the title of your graph and data table. You will be creating a graph on Step Four. Step Three: Calculate the marginal revenue‚ marginal cost
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