All three scenarios were thoughtful and well made up by Mary Wong. Even though these three scenarios are not specifically real they for the most part represent the majority of Christian instructors teaching internationally‚ First‚ the scenario of Elizabeth‚ which is labeled as the “worst-case scenario” entered a country supposedly “to teach” with the objective to evangelize. As a Christian believer I have two different types of views on Elizabeth’s actions-spiritually and as a professional. In
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Nakayama: What do you think are the most important lessons to be learned from the Enron scandal? Hanson: The Enron scandal is the most significant corporate collapse in the United States since the failure of many savings and loan banks during the 1980s. This scandal demonstrates the need for significant reforms in accounting and corporate governance in the United States‚ as well as for a close look at the ethical quality of the culture of business generally and of business corporations in the United
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Best Case Scenario cost times for(int i=0; i< arr[pos_min]) c4 n^2-1 pos_min = j; c5 0 if(pos_min != i) c6 n^2-1 temp=arr[i]; c7 0 arr[i]=arr[pos_min]; c8 0 arr[pos_min]=temp; c9 0 c1n + c2(n-1) + c3n^2 + c4(n^2-1) + c5(0) + c6(n^2-1) + c7(0) + c8(0) + c9(0) = (c3 + c4 + c6)n^2 + (c1 + c2)n - (c2 + c4 + c6) This is quadratic an^2 + bn + c --------------------------- Worst Case Scenario cost times for(int i=0; i< arr[pos_min]) c4 n^2-1 pos_min = j; c5 n^2-1 if(pos_min
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CASE STUDY – UNIT 1 1. Andrew Fastow is a key person responsible for the downfall of Enron. When he became the CFO in 1998‚ he came up with the plan to make the company appear in great shape by using the mark-to-market accounting practice. The company would build an asset‚ such as a power plant‚ and immediately claim the projected profit on its books‚ even though it hadn’t made one dime from it. If the revenue from the power plant was less than the projected amount‚ instead of taking the loss‚ the
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Six Scenarios Assignment Evaluate 6.1 1. Jack Nietzche Should you tell Jack that he isn’t going to be promoted? What should you say if he asks about whether the new assignments were made? Position-Related Currencies is definitely what has influenced Jack to work as hard as he has to ensure the segments of the project were completed on time (Larson & Gray‚ 2010‚ pg. 364). The fact that the promotion is no longer probable will be detrimental to Jack’s performance since he can be pretty emotional
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Business Case Scenario: State Street Bank - Investment Bank (Custodian Bank) and the Use of IT services History: State Street Corporation‚ known as State Street‚ is a US-based international financial services holding company. State Street was founded in 1792 and is the second oldest financial institution in the United States. The company’s headquarters are at One Lincoln Street in Boston and it has offices in 25 countries State Street is organized into three main divisions. The Global Services
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Business Strategy Enron Case Study 09/08/12 Enron Case Study: From Company to Conspiracy 1. What is the History of Enron‚ and what current situation does it find itself in? Enron was created by a combination of companies. These companies were Houston Natural Gas and InterNorth. These companies were merged together in July 1985. CEO of Houston Natural Gas‚ Kenneth Lay became chairman and CEO of the combined company. This happened in February 1986. The company changed its name to Enron on April 10th
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Case 1.1 - Enron Corporation ------------------------------------------------- Discussion 1 The parties we believe to be most at fault for the crisis in this case are a) the Audit Firm engaged in the Enron audit (Arthur Andersen); b) Enron Management (Kenneth Lay‚ Jeffrey Skilling‚ Andrew Fastow; and c) the SEC. The Public Accounting Firm: Arthur Andersen The auditor has the responsibility to evaluate the risk of material fraud‚ including: * Incentives and motives for fraud : Enron was a fast
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CASE 3 Enron: Questionable Accounting Leads to Collapse Once upon a time‚ there was a gleaming headquarters office tower in Houston‚ with a giant Tilted ―E‖ in front‚ slowly revolving in the Texas sun. Enron‘s suggested to Chinese feng shui practitioner Meihwa Lin a model of instability‚ which was perhaps an omen of things to come. The Enron Corporation‚ which once ranked among the top Fortune 500 companies‚ collapsed in 2001 under a mountain of debt that had been concealed through a complex scheme
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Arthur Anderson & Co. was also to blame as they were the accountants for Enron. They were the ones with the expertise who should have known better and looked to fully explain and disclose what they knew. Anderson’s commitment is to the shareholders‚ not to their client and they needed to act in a way and present the statements fairly so that a user could make an informed decision and that the statements presented fairly. Enron is also to blame. They were focused on profits – which is not necessarily
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