financial statements(Daniels v Anderson(1995)). s180(1)(A director or other officer of a corporation must exercise their powers and discharge their duties with the degree of care and diligence that a reasonable person would exercise if they:(a)were a director or officer of a corporation in the corporation’s circumstances; and(b)occupied the office held by‚ and had the same responsibilities within the corporation as‚ the director or officer.(i)care.InDaniels v AWA Ltd‚ the court proposed the minimum
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One.Tel is a telecommunications company that was launched in May 1995 by Jodee Rich and Brad Keeling. Initially‚ it was a reseller of Optus network before later on decided to enter the deregulated telecommunications industry. One.Tel believed such deregulation could bring them many advantages. With its major competitors like Telstra and Optus viewed as being bureaucratic‚ slow pace‚ and old-fashioned‚ One.Tel promoted flat adhocracy culture as opposed to bureaucratic. It also used the “dude” mascot
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Hexa Decimal Macro The Hexadecimal Company in recent years was forced to change their product market due to lower labor costs by companies in competition. With this change of product came rapid growth and systemic problems within the company. The President‚ John‚ Zoltan‚ decided to created an Organizational Development (OD) group to help address change and managerial style within the company. However‚ this OD group was not accepted well within the organization and many felt as
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Wriston’s Detroit plant is no longer a viable operation due to long-term capital underinvestment and product-process mismatch. It is recommended that the plant be phased out of operations over a five-year period with production and staff gradually shifted to a new plant to be built in the Detroit area. Further‚ it is also recommended that division accounting procedures and evaluation mechanisms be modified to allocate revenues/costs allowing for the synergistic benefits of Detroit’s products‚ and
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Critical Thinking and Discussion Questions: (Chapter 5‚ Question 4) Drawing on the theory of comparative advantage to support your arguments‚ outline the case for free trade. According to the theory of comparative advantage‚ a country should specialize in the production of goods that it is good at producing‚ and buy the goods from another country that it is less efficient at producing. Therefore if country X can produce product A more efficiently than product B‚ while country Y can produce product
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11/30/2012 “Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments toward organizational objectives. It is the fuel that allows common people to attain uncommon results.”-- Andrew Carnegie Healthcare team and professionalism Teamwork is a small group of people‚ who are contribute their complementary skills‚ interests‚ and opinions to the unity and efficiency of the group‚ in order to achieve common goals and mutual responsibilities
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The Pareto Principle (also known as the 80/20 Rule or the Law of the Vital Few) More than a century ago‚ an Italian economist by the name of Vilfredo Pareto observed that 80% of the land in Italy was owned by 20% of the population. Subsequently‚ others observed a similar phenomenon in other situations‚ e.g. 80% of sales come from 20% of customers‚ 80% of the rise (or fall) in the value a stock portfolio comes from 20% of the stocks‚ 80% of complaints come from 20% of problems‚ 80% of results are
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* Relevant Facts 1. There are essentially three major categories of hog inventory—live hogs ready for sale‚ developing animals‚ and processed pork products. 2. Not all live hogs in other locations that cannot be easily transported and processed at the Company’s main processing plants. As a result‚ these live hogs must be sold to third parties at spot market prices. 3. There are several factors‚ including increased supply of pork due to the capture of the Big Bad Wolf‚ have lead to the declining
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What Valve does differently to manage and motivate people is basically by having no managers. Valve lets their employees pick their own projects they want to work on. Since Valve is a ‘Flatland’‚ employees pick which projects they want to help work on and can even be recruited by other employees to work on a project with them. You can even move your desk around to different places to work with different people on different projects. They motivate their employees by letting them be creative and
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1. An auditor’s independence is defined as an unbiased‚ free of conflict of interest and impartial reviewing of the results of a company’s financial activities and issuing an opinion on the financial statements. The auditor must remain independent in mind such that he or she may express an opinion on financial statements without being affected by any sort of influences that may distort his or her professional judgement. Moreover‚ the auditor must remain independent in appearance such that his integrity
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