Examining a Business Failure: WorldCom WorldCom was one of several large companies that failed because of inadequate organizational leadership‚ fraud‚ conspiracy‚ falsifying documents‚ and embezzlement. WorldCom has been classified as being “one of the biggest corporate scandals in Unites States history” (Zekany‚ 2004‚ p. 101). In 2001‚ the company’s financial condition began to decline due to the slowing telecommunications industry‚ which eventually put pressure on the company’s executive
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Ethical Issues in the workforce [pic] Stephanie Wilcox Bus 610 Kathleen Henry June 6‚ 2011 Ethical issues in the workforce In my own opinion ethical issues are a major concern because of the people trying to sell products. They have to build trust and integrity with their employees and consumers about their product. According to Knicki & Kretner‚ “ethics involves the study of moral issues and choices” (Knicki & Kretner‚ 2009‚ pg.23). Knicki
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Zhenzhen Xu BUSN290 Professor Craig Johnson Oct. 2‚ 2013 In chapter 1‚ I get to know five widely used ethical methods that are Utilitarianism‚ Kant’s Categorical Imperative‚ Rawls’s Justice as Fairness‚ Confucianism and Altruism. I choose Utilitarianism to compare with Confucianism. Utilitarianism is what we should consider both short- and long-term consequences when we make some ethical choices. The goal of Utilitarianism is to expand profits as possible as they can. In other words‚ it is a
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References: Chatterjee‚ S.‚ Sarker‚ S.‚ & Fuller‚ M. A. (2009). A Deontological Approach to Designing Ethical Collaboration. Journal Of The Association For Information Systems‚ 10(3)‚ 138-169. Clawson‚ J. ( 2012). Level three leadership: Getting below the surface: Fifth ed. Prentice Hall: One Lake Street: Upper Saddle River‚ New Jersey‚ 07458.
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Chicago School Agnita Henry 08050506 London Metropolitan University UK In this essay the main focus would be surrounding the Chicago School‚ how it has made such a significant contribution to criminological theory and method‚ and in what ways has this been achieved. Some of the contributions to criminological theory and method came from the Chicago School. The work done by some of the most important sociologist‚ such as Robert Park and Ernest Burgess (1864-1944)‚ looked into the developing
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Corporate Governance WorldCom Scam Introduction MCI WorldCom was one of the largest telecommunications companies in the world. Bernie Ebbers founded WorldCom in 1983‚ after that WorldCom began as a re-seller of long-distance telephone services. WorldCom is located at Mississippi. After Ebbers bought around 50 other small long-distance firms‚ he set his sight on MCI. Thus MCI WorldCom would have become the second biggest telecom service provider in 1997. MCI WorldCom was formed on September-15-1998
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something that they may even suspect would be detrimental to their livelihood‚ then they have all the rights given to them to not follow through with that action. In the case of Betty Vinson of WorldCom‚ while she had the clear understanding that her actions were wrong‚ she clearly kept personal financial safety ahead of her moral and ethical standards. This eventually translated into an even more detrimental result‚ which was jail time. She clearly did not have a fully developed moral compass‚ which would
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affected by anyone‚ even though making false accounting entries was Mr. Sullivan’s behest. Despite other factors‚ as a financial controller‚ integrity should plays as one of the most vital roles under any circumstance when making decisions. In this case‚ I think the real motivation that Myers agreed to improperly reclassify some huge expenses was that he believed the company’s problem would be straightened out eventually. Thus‚ he thought their manipulation on company’s income statement could help
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parent think corporal punishment will bring abusement among children‚ I think that parent should give them corporal punishment for several reason. An opponent which is some of parents believing that corporal punishment will end up with abusement issues among children‚ for that can lead to low confident level among children while they are growing. However‚ some parents believe by introducing corporal punishment among children will bring many positive effects such as develop self-discipline among
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FAR600 CASE STUDY WORLDCOM QUESTION 1 a) Discuss the earnings management technique employed by the management of World Com. WorldCom admitted that the company had classified over $3.8 billion in payments for line costs as capital expenditures rather than current expenses. Line costs are what WorldCom pays other companies for using their communications networks; they consist principally of access fees and transport charges for messages for WorldCom customers. Reportedly‚ $3
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