invested at all. I believe these two situations ended up being the start of Enron’s problems. Enron also was not reporting the revenue for service correctly and his stock was paid by promissory notes and not by cash like most business operates. 3. Did Enron’s directors understand how profits were being made in this segment? Why or Why not? * No‚ I don’t think they knew what was going on with Enron’s business because I believe he kept what he was doing to himself so no one would find
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Chapter 3 #2 - When is a company’s competitive advantage most likely to endure over time? A company’s competitive advantage is most likely to endure over time when the company has built barriers to imitation‚ which make it difficult for a competitor to copy the company’s distinctive competencies. Another element needed is the ability to quickly react to changes in the customer’s needs and have a high absorptive capacity in order to identify‚ value‚ assimilate‚ and use new knowledge. Lastly‚ the
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4 short stories Romance: Plot and setting- character is living alone‚ doesn’t do anything with his time and his fathers money‚ and wakes up one morning watching TV and realizes that he needs to do something with his life. This character dropped out of school‚ but still loved his life even though he didn’t do anything. This character knows they have great athletic skill and decided to try out for a team. He barely makes the team as he goes through trouble working as a team and contributing to cooperation
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Enron and WorldCom Scandals Matthew Morrison ACC/260 8/18/12 Enron and WorldCom Scandals Question number one of the Enron case focuses on the corporations that got Enron into its difficulties these were the special purpose entities for joint partnerships including Chewco‚ LJM1‚ LMJ2 and the Raptors. Number three of the Enron case shows us that the board was divided into five divisions‚ all of which were full of well-educated financial employees who
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advocates for the patients. Nurses especially have the right to protect the patients. This means speaking up when they see something wrong‚ even if it is the doctor that is doing wrong. Occupational Safety and Health Administration (OSHA) has a “Whistleblower Protection Program.” This program protects employees who report violations at the workplace for safety and health (US Department of Labor‚ 1999). But does this always work? No. At least not when it came to a concerned nurse that wanted to protect
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Accounting Fraud at WorldCom Vanessa Gail Woods Strayer University Connor-Green/ACC 576 March 21‚ 2010 Accounting Fraud at WorldCom The break up of AT&T opened the long distance service market to small companies during the mid- to late-1980s and 1990s. Long Distance Discount Service (LDDS) opened in 1983 with moderate growth until its stock went public in 1989. CEO Bernie Ebbers decided to grow the organization through acquisitions (70 companies over the course of its lifetime)
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the executives employed at WorldCom. Before 2002‚ WorldCom was one of the top telecommunication businesses in its industry because of many acquisitions obtained by the company. Due to the increased popularity of the internet and the acquirement of UUNet and MCI Communications‚ WorldCom share significantly increased. According to Moberg and Romar (as cited in Browning‚ 1997) "By 1997‚ WorldCom’s stocks had risen from pennies per share to over $60 a share." WorldCom had become an attractive investment
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SUBJECT: Accounting fraud at WorldCom Problem Statement WorldCom penetrated the largest accounting fraud in U.S history by overstating its tax income between 1999 and 2002. The main players in WorldCom’s accounting fraud included CFO Scott Sullivan‚ the General Accounting and Internal Audit departments‚ external auditor Arthur Andersen‚ and the board of directors. While individuals did have their own sins‚ employees cowardice and self-interested‚ the board passive and ineffective‚ external auditors
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oh cost for the two product lines are 770‚000. Car Truck SOL FOR A) DL.hours for car wheels=40‚000*1=40‚000 Estimated wheels produced 40‚000 30‚000 dl hours for t. wheels= 10‚000*3=30‚000 ( 70‚000 tot.dl hours.) DL Hour per wheels 1 3 770‚000/70‚000=11$per dl hours. Oh assigned= for car w. 40‚000*11=440‚000 truck: 30‚000*11=330‚000 Total OH= 770
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What is employment-at-will and whistleblower policy? This paper will provide a better understand of what these policy is and how each could apply to the relationship of employer-employee in the work force. The employment-at-will doctrine avows that‚ when an employee does not have a written employment contract and the term of employment is of indefinite duration‚ the employer can terminate the employee for good cause‚ bad cause‚ or no cause at all.[1] Employment-at-will doctrine consisted of three
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