Enron Questionable Transactions Question 1 The question which segment of its operations got Enron into difficulties is simple to answer‚ everything. Almost every all segments of their operation were improper. First of all‚ they practice unethical and dishonest practices which victimized workers‚ consumers‚ taxpayers and stockholders. Enron created partnerships within their own organization which led to them creating new financial instruments‚ called SPE’s (special purpose entities) which was
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Transaction Terminal 94 POS CDMA Overview Visontek 94 POS terminal with in-built finger print scanner is specially designed to address NREGA‚ Microfinance and PDS Segments with biometric authentication for beneficiary transactions. It is based on CCD finger print sensor with proprietary and precise algorithms which support ANSI 378 and ISO 19794 template formats for both enrollment and verification. The 94 POS comes with seamless connectivity options like GSM/GPRS‚ CDMA and Ethernet. Visiontek
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your organization? Is the process the same regardless of the type of decision? MISs can often give companies and other organizations the ability to achieve its operating objectives by “providing the right information to the right people in the right format and at the right time.” (Stair & Reynolds 2014‚ pg. 295). One of the processes that I used while working at Citibank was a monthly review of teller transaction differences report (A form of scheduled report). The process was simple and merely required
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Online transactions are better than the conventional manual transactions Online transaction or online banking‚ which is a process of entering into transactions by a particular client and the bank using modern technology. Nowadays‚ with modern technology such as computer and mobile phone‚ people can do the online transaction at anytime and from anywhere. However‚ do we really know whether online transaction is beneficial? Even though most people think that online transaction is more risky than manual
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Enron’s Questionable Transactions 1. The special purpose entities (SPEs) got Enron into trouble. 2. It is debatable whether Enron’s directors knew how profits were being made through the SPEs. Speculation is that they did have knowledge‚ but did not question the questionable procedures. Evidence that indicates the directors knew how profits were being made includes the following: • Andrew Fastow’s role in establishing the SPEs and falsely creating 3% independent investors in
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suppliers Sent by the buyer to the supplier Its an invitation sent to a shortlist of bidders to make a formal and detailed offer to supply the services or goods required INVOICE Commercial document issued by a seller to a buyer‚ relating to a sale transaction and indicating the products‚ quantity and agreed prices for products or services the seller has provided the buyer Used when a customer would like to know the details of their purchase and what they are paying for Sent by the buyer to the supplier
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Transaction cost theory states that the goal of an organization is to minimize the costs of exchanging resources in the environment and the costs of managing exchanges inside the organization. Transaction costs are defined as the costs of negotiating‚ monitoring‚ and governing exchanges between people Transaction costs result from a combination of human and environmental factors Transaction costs result from a combination of human and environmental factors: Opportunism
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Some people think that schools teach everything they need for their future and they can only learn that in schools. But I agree with the saying “learning can occur anywhere”. There are still some things people learn outside of schools. People can gain general knowledge from books and media‚ can learn how to make things they want to do from the experts‚ and can distinguish what is good or bad for In schools‚ only the related information about subjects is learnt. In my experience
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brick-and-mortar store. There are two primary types of e-commerce -- B2B and B2C. You are engaging in B2B‚ or business-to-business e-commerce when you buy products or services for your own business. B2C‚ or business-to-customer‚ is far more common; it occurs when you buy products online for yourself. Additionally‚ there are two types of online stores. These are "Pure Click" and "Brick and Click." The first denotes an online operation that has no physical store‚ and the second refers to an online operation
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Transaction Processing Systems A transaction is an elementary activity conducted during business operations. Transaction processing systems (TPS) process the company’s business transactions and thus support the operations of an enterprise. A TPS records a non-inquiry transaction itself‚ as well as all of its effects‚ in the database and produces documents relating to the transaction. TPS are necessary to conduct business in almost any organization today. TPSs bring data into the organizational
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