care‚ the aim is to give the best possible standard of care to service users‚ but sometimes there can be a conflict beetween the individual’s or their family’s wishes and rights and the duty of care. In this case the most important thing is to decide whether the person is aware of the risks and consequences of the decision and has the capacity to make the decision. Before taking best interest decisions I have to make sure that the person definitely lacks the capacity. The person or their next of kin
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objectivity of the external auditor may be threatened or appear to be threatened where: (i) There is undue dependence on any audit client or group of clients; (ii) The firm‚ its partners or staff have any financial interest in an audit client; (iii) There are family or other close personal or business relationships between the firm‚ its partners or staff and the audit client; (iv) The firm provides other services to audit clients. Required: (a) For each of the four examples given above‚ explain why the
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Relationship between financial distress and phase of the business cycle Every time a financial crisis breaks there are many interpretations from economists about the reasons of it and how it is affects output. Is there a relationship between a financial distress and real output? This approach is interesting because allows the compare of impacts of financial variables and financial incidents such as banking crises‚ stock markets crashes‚ money supply‚ interest rates and credit spreads on output
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Subject: Chief employee bonus: Conflict Interest. To: Ethics for Accountant From: Kyungwon Kwak Date: 03/07/2011 1. Ethics Case-Chief employee bonus The WGN Company has a bonus arrangement‚ which grants the financial vice president and other executives a $15‚000 bonus if the net income exceeds the previous year’s by $1‚000‚000. Noting that the current financial statements report an increase of $950‚000 in the net income‚ Vice President Jack Brickhouse asks Louise Boudreau‚ the controller
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on Financial Distress and Restructuring A Case Study of Air India Ltd & Kingfisher Airlines Ltd Submitted to Dr. B. Shivraj Professor‚ DOSBA‚ UoM Submitted by Mr. Prasad V. Daddikar MBA IV Semester‚ Roll No. 50 Reg. No. 10MBO102 INTRODUCTION Financial distress is a term in Corporate Finance used to indicate a condition when promises to creditors of a company are broken or honored with difficulty. Sometimes financial distress can lead to bankruptcy. Financial distress is usually
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Conflicts of Interest in Health Care John Doe 2/3/2014 Dr. Faisal Aboul-Enien Conflicts of Interest in Health Care Every company wants to protect their own investments‚ this is a practice that has self-preservation at its core‚ and unfortunately self-preservation is a practice that can often cause conflicts of interest. This happens “when physicians have motives or are in situations for which reasonable observers could conclude that the moral requirements of the
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Chapter 16 Financial Distress‚ Managerial Incentives‚ and Information 16-1. Gladstone Corporation is about to launch a new product. Depending on the success of the new product‚ Gladstone may have one of four values next year: $150 million‚ $135 million‚ $95 million‚ and $80 million. These outcomes are all equally likely‚ and this risk is diversifiable. Gladstone will not make any payouts to investors during the year. Suppose the risk-free interest rate is 5% and assume perfect capital markets.
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way. Explain whether the firm owe an ethical duty to take this product off the market. Describe the conflicts that might arise if the firm stops selling this product. Firms rarely take products off the market just because of the potential that some idiot can misuse the product. Some products can be misused somehow and way too often the misuse is intentional on the part of the buyer. A good example of this are Pharmaceutical products. A product is usually recalled only when significant harm results
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Why does conflict arise in organizations‚ and how it can be managed ABSTRACT This essay seeks to illustrate how organizational conflict cannot be avoided. It will demonstrate the various ways in which conflict may arise within organizations and classify them into a range of groups. There will be a thorough analysis to show if conflict is positive or negative towards the growth of an organization. Findings of the previous will then lead to different mechanisms that can be used when managing conflict
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Describe potential conflicts or dilemmas that may arise between the duty of care and an individual`s rights. In our care work we mostly work with children and young people who may not have the ability to judge what is good for them and what is not. In those cases it is our responsibility and job as individuals and as a team to provide them what we judge is best for them. In some other cases they have the skills to get involved in the decisions and this can lead to conflicts and dilemmas. Potential
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