Soon after the Soviet takeover of Eastern Europe‚ China became Communist in 1949. The Americans had always regarded China as their outpost in the East. A massive Communist stronghold had appeared. Furthermore‚ spies informed Truman that Stalin was using Cominform to help Communists win power in other parts of the world. Many believed the Domino Effect‚ where Communism spread from one country to another like wildfire. When South Korea was invaded in 1950‚ many thought that only military action would
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for the crime of impiety” (Nails 27) Why did Athens wait so long to put Socrates on trial? In order to explore my topic and try to answer my question‚ I began reading three scholarly sources‚ which gave me a better understanding on why he could of been put to trial. It still raises the same question as to what really happened and why was Socrates sent to trial at such a late age in life. Socrates throughout his life has been teaching in Athens unbothered until he was sent to trial at the age of seventy
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Enron and How it Affected the Accounting Industry Enron once was one the United States largest energy company and was ranked Fortune’s seventh richest corporation in the United States. When Enron had a filed for Chapter 11 bankruptcy in 2001 it unraveled to be one the biggest accounting scandals in United States history. There are many factors that contributed to Enron’s demise but their aggressive and unethical accounting practices were the key component. As a result‚ the accounting industry
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The Enron Scandal One of the most popular business bankruptcies and collapses known to date is that of the Enron Corporation. Enron‚ once known as "America ’s Most Innovative Company" by Fortune Magazine six straight years from 1996 to 2001. Enron seemed to be doing very well until the summer of 2001 generating a lot of cash and new businesses‚ but in October of 2001 Enron was forced to disclose that their accounting practices had been very creative‚ and failed to follow generally accepted accounting
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Based in Houston‚ Texas an American energy‚ commodities‚ and services company named ENRON CORPORATION was Ranked number 7 on the fortune 500 list in 2000‚ it was one of the most famous and largest integrated natural gas and electricity companies in the world. The company went bankruptcy on December 2‚ 2001. But before that it marketed natural gas liquids around the world and was working as one of the biggest natural gas transmission systems in the world‚ with transmissions over a massive area of
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Enron: The Smartest Guys in the Room Importance of Accounting Accounting is important because it manages the checkbooks of company which are important to analyses and determine the success of the business by looking through the different account statements and translating the company documents. An accountant or accounting firm starts and maintains auditing of a company. Accounting is also important because it offers a great assistance in planning the future investments as well as being able
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2.1 - Investigate why inquiries and serious case reviews are required and how sharing of findings affects practice Serious case reviews and inquiries are required to identify how‚ when and why a child has died from abuse or neglect. These reviews identify the way in which organisations and local professionals have worked both together and separately to safeguard‚ protect and promote the welfare of children and young people. These reviews also help to identify how these organisations could have
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Enron scandal Enron shocked the world from being “America’s most innovative company” to America’s biggest corporate bankruptcy at its time. At its peak‚ Enron was America’s seventh largest corporation.From the 1990’s until the fall of 2001‚ Enron was famous throughout the business world and was known as an innovator‚ technology powerhouse‚ and a corporation with no fear. The sudden fall of Enron in the end of 2001 shattered not just the business world but also the lives of their employees. Enron
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international voice traffic than any other company. It carried a large amount of the world‟s Internet traffic. WorldCom owned and operated a global IP (Internet Protocol) backbone that provided connectivity in more than 2‚600 cities and in more than 100 countries. It also operated 75 data centres on five continents. WorldCom reached the spot of the largest long distance provider and Internet data traffic player largely through acquisitions – 65 of them. The company spent $60 billion in acquisitions and
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Case 1.4 AMRE‚ Inc. 1. Generally‚ ethics refer to moral principles and values. Random House Webster’s College Dictionary notes that ethics are “the rules of conduct recognized in respect to a particular class of human actions or governing a particular group‚ culture‚ etc.” An individual ’s ethics generally define what that individual believes to be right and wrong. Professional ethics are typically expressed by a code of conduct adopted by an organization that represents a profession. Professions
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