...because of the following reasons:Through this process, the employees can better understand how their job fits within thestrategy of the company. They would be encouraged to take other group¶s recourses andobjectives into consideration in their planning both because all departments goals andactivities would be visible and because all departments would share a common language.Moreover the employees would have enhanced sense of control of their own destinybecause they would be actively involved in the planning processes and could track their department¶s and corporation¶s progress.The workbook process causes a backflow of information from the people doing the day today work to the top. People have been encouraged to want to share their ideas and theywere given enough training they could make educated suggestions. This will make the topmanagement aware of how things work at the bottom.This process would make the employees understand their jobs better and make them caremore about their activities in the business environment. It also gives to the employees areason for asking why the company is doing well or why not. They can evaluate thereforetheir contribution to the success or failure of the company. Furthermore, since theinformation of other departments is available to those employees, they can also becomeaware of how all the pieces of the company work.2. Since the numbers were reported only a month after the month end, some employees canbe frustrated. Through shortening the reporting...
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...I. Innova International Innova International has been retained by Hagan & Company to evaluate two target companies and to advise on a strategic acquisition position for the acquirer. Innova International provides financial and operational consulting services in the United States and abroad. Its financial consulting services include financial and economic analysis; restructuring, turnaround, and bankruptcy advisory services for financially distressed organizations, creditors, and other constituents; valuations of businesses or assets to assist clients with financial reporting and restructuring efforts; and focused consulting. The company’s operational consulting services comprise assisting clients with research administration opportunities and challenges; assisting clients to assist their strategic, operational, management, and financial challenges. Innova International serves an array of industries, including professional services, transportation services, healthcare, telecommunications, financial services, consumer products, energy and utilities, manufacturing, and food and beverage. The company was founded in 1996 and is headquartered in Boston, Massachusetts with major subsidiaries in Poland, China, and Japan. II. The Company: Hagan & Company Hagan & Company is one of the world’s largest food processing companies. Hagan occupies the first or second position in most product categories and invests heavily in established brands through marketing and research and...
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...You have founded your own networking company. You have been asked to submit a proposal for a new network at RobCo Industries. They have asked you to help design, specify and install a network at their facility. Use the knowledge and skills covered in this class to help you with this project. Should you need any information not covered in this document (such as if the offices have baseboards, etc.), please feel free to ask the instructor. RobCo is located in the Port Huron Industrial Park on 16th Street. They are a small company with about 75 employees. Their main product is the patented "Propeller Beanie". They manufacture this item at the Port Huron facility. Currently they have only a few PC's installed, but their technology plan envisions that most employees will work with PC's in the future and that everyone will communicate via an intranet. In essence, your group will create a "case study"... Each week, we will be focusing on a different aspect of the project. The Total budget for this project is $25,000. Week 1 - Physical Plant The exterior dimensions of the building are 120' x 60' the exterior walls are poured concrete, while the interior walls are typical commercial metal stud framing. The building is single story, and is on a slab foundation. There is no sub-floor or basement. The manufacturing facility and the warehouse both have an open 12' ceiling. The office areas have an 8' dropped ceiling. You can estimate the interior dimensions of the...
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...Great Lakes Water Wars Introduction Water is a requirement of all life, as “it dissolves organic molecules…allows for transportation in and out of cells; and it is involved in many of metabolic reactions in the cells,” (Bennett & Shostak, 2007). Water is therefore in high demand due to its importance need to sustain life. With a rising world population and increasing world pollution, is the supply of clean water is decreasing per capita against its forever growing demand. “While about three-fourths of the earth's surface is covered with water, only about 2.7 percent of it is drinkable,” (Allardice, 2005) “Some two-thirds of that is locked up in snow and ice,” (Ehewnman, 2003). Water is in conflict between countries as the quality of clean water per person is steadily decreasing. The Great Lakes, the biggest body of water in North America, and supplies water to Canada and the U.S. and its rivers are also used for Hydro powered damns. This paper examines the Great Lakes water conflicts between Canada and the U.S., by observing the drinkable water that can be supplied. While also observing the legalities and regulations of who has the rights to Canada’s massive water supply. Even if the water is in Canada’s country, they may not have complete control over it. Many solutions from one side, such as water diversion, have created concerns for the other. Due to Canada’s high water supply from other lakes and river systems, they do not as dependent on the Great Lakes as much...
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...Criminal Law August 12, 2013 Texting and Driving: It Can Wait Leslee’s life changed forever on March 4th. Leslee Henson and her husband David were involved in a terrible pedestrian-motor accident. They were not driving a car; they were simply going for a walk on a Monday morning in their neighborhood when tragedy struck. The motorist that was guilty of texting, rear ended another vehicle that struck the pedestrians. David shielded his wife, Leslee and took the death for her. In other words, he pushed her out of the way and he died while she survived and has to endure more than 5,000 stitches and staples on her head and neck. Bones in Leslee’s neck and back were broken. She had bleeding in her brain. Her shoulder was injured. The woman that caused the accident was 50 years old, late for work and was texting with her head down. In addition to all these factors, she did not have insurance which leaves Leslee with the medical bills. The car that she rear ended was being driven by a man named Fred, who witnessed David pushing his wife out the way and taking the blow for her. 1 So many individuals’ lives will never be the same because that lady chose to send a text. It has not been revealed what the message entailed but if it was that pertinent, than as a mature person she should have pulled over and taken precautionary measures. David was an amazing father, husband, uncle, and grandfather to 10 darling grand kids. Leslee did go home, two and a half weeks after the accident...
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...French, and Dutch colonies at reaching their colonial goals was drastically different. In Spanish colonies a starting mission to find gold left Spaniards empty-handed. They started to build their empire during the mid-1500s, and in doing so made attempts to convert the Indians. This caused for a lot of religious tension, as the Indians never completely converted over. The Spanish were not completely successful in their initial goals specifically because of the defensive Pueblos, particularly during Pope’s rebellion of 1680. The French were less successful in creating a colony but only marginally so. With safeguarded elements to French colonies, not as many people were interested in moving to the Americas. The French searched for fur from the Hurons and Iroquois, breaking out in war. They won over religious converts, but not without the epidemic spread killing many Indians. The Dutch Republic was interested in one thing, commerce. They struggled with attracting settlers, as well as arguments with the Algonquians. They were unsuccessful due to the imposing English. 2. What happened to the Five Nations of the Iroquois between 1600 and 1700? Were the Iroquois better off at the beginning of the period or at the end? Why? Between 1600 and 1700 the Iroquois Nations changed dramatically, debatable for the better. The Iroquois fought and attacked other Indians when they gained guns in exchange for fur. After the 1600s Iroquois numbers grew extensively, and Iroquois peoples organized themselves...
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...Workstation Policy………………………19 Policy 6: Email Policy………………………..….20-21 Policy 7: Personnel policy………………….…22-23 Policy 9: Data Breach Policy………………...24-27 Policy 10: Software policy………………………29-31 Policy 11: Data and information classification……32 Policy 12: Internal Treats…………………………………….33 Policy 13: Policies and Procedures for Electronic Protected Health Information (ePHI) and Personally Identifiable Information (PII)...34-35 Policy 14: Wireless LAN Security Policy……………………..36 IS security Awareness policy…………………………………..37-38 Conclusion……………………………………………………………………39 References……………………………………………………………………40 Overview: DSA contractors has been awarded a contract with the Department of Defense. Our next task is to revamp the companies’ policy to ensure compliance with DOD policy. All employees have to be retrained on new policy to ensure that DSA medicate violations. The attitudes and atmosphere of change will also be needed to ensure compliance with DOD standards. Training sessions is scheduled for all employees and a policy handbook will be given to the each employee as references at the end of training. The security officer and his staff or human resources can be contacted for further clarification on any policy. Purpose: There are many policies and laws to adhere to in order to become compliant for the contract with the Department of Defense. Basic safeguards are required for any...
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...Rida Elias wrote this case under the supervision of Professor Roderick E. White solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. Richard Ivey School of Business Foundation prohibits any form of reproduction, storage or transmission without its written permission. Reproduction of this material is not covered under authorization by any reproduction rights organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Richard Ivey School of Business Foundation, The University of Western Ontario, London, Ontario, Canada, N6A 3K7; phone (519) 661-3208; fax (519) 661-3882; e-mail cases@ivey.uwo.ca. Copyright © 2010, Richard Ivey School of Business Foundation Version: (A) 2010-07-09 It was nearing the end of another busy day, and Connie Clerici’s last appointment had been cancelled. Clerici was glad to have some time to reflect on both her business and her personal situation before the meeting with her advisory board, scheduled for the next day, September 25, 2009. She knew the business environment of her company, Closing the Gap (CTG), continued to change, presenting opportunities and challenges. She wanted to be prepared for a productive discussion with her board about how she and her company should address the changing...
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...KAZIAN GLOBAL SCHOOL OF BUSINESS MANAGEMENT MARKS: 80 COURSE: DBM SUBJECT: Managerial Economics N.B: 1} Attempt all the questions Name: Collan Shasmin Cotty Reference Number: KP00110-20830 ____________________________________________________________________________ Case 1: Where is the Fair Play? (Marks-16) In most countries in Europe, and primarily America, they don’t prefer the leg meat – it is waste matter for them so they look for nations where they can dump this meat. They did in the Philippines, Sri Lanka and Russia. They might deny it in the US but everybody knows that they are sitting on stocks for at least 2-3 years. They have succeeded in doing that because of their good freezing techniques. Now it’s becoming a major problem for them. They’re not used to eating leg meat and are in a fix. In the US they actually load the price of the entire chicken on the breast meat, and the rest of the bird is like a carcass to them. Due to environmental reasons they can’t dump it in the sea so they have to dump it somewhere. It can be any underdeveloped country, may be India! It’s wrong notion that supply of this meat to underdeveloped countries will be good for the consumers there. It is not. Can the Americans guarantee anything – how long will they be able to supply the chicken? How long will they supply subsidized eggs to such a large country? We could end up destroying our industry base and that will be very sad. As far as chicken is concerned, they can only supply the legs...
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...incessantly destroying the old one incessantly creating a new one" (Schumpeter, 1934). In the last few decades, services and knowledge have become the major part of the business world (Sawyer, 2006). In other words, the circulation of information has become more important than that of material objects (Drucker, 1993). Innovation and creativity have gained more importance than values such as merchandise productivity, rendering innovation a key factor to entrepreneurship (Pisanu & Menapace, 2014). In my last year of high school in Belgium, my classmates and I opened a business with the help of the Young Enterprise Project. Innovation was the core of our business as we had to come up with an original product idea and product strategies. Our company,...
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...financial accounting, product costs are needed to determine the value of inventory on the balance sheet and to compute the cost-of-goods-sold expense on the income statement. b) Use in managerial accounting: In managerial accounting, product costs are needed for planning, for cost control, and for decision making. c) Use in cost management: In order to manage, control, or reduce the costs of manufacturing products or providing services, management needs a clear idea of what those costs are. (d) Use in reporting to interested organizations: Product cost information is used in reporting on relationships between firms and various outside organizations. For example, public utilities such as electric and gas companies record product costs to justify rate increases that must be approved by state regulatory agencies. 3-2 In a job-order costing system, costs are assigned to batches or job orders of production. Job-order costing systems are used by firms that produce relatively small numbers of dissimilar products. In a process-costing system, production costs are averaged over a large number of product units. Process-costing systems are used by firms that produce large numbers of nearly identical products. 3-3 Concepts of product costing are applied in service industry firms to inform management of the costs of producing services. For example, banks record the costs of producing financial services for the purposes of planning, cost control, and...
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...Despite intense efforts to stamp out corruption, misappropriation of assets, and fraudulent financial reporting, it appears that fraud in its various forms is a problem that is increasing in frequency and severity. KPMG’s Fraud Survey 2003 documented a marked increase in overall fraud levels since its 1998 survey, with employee fraud by far the most common type of fraud. The 2003 survey also noted that fraudulent financial reporting had more than doubled from 1998. This trend is consistent with the unprecedented recent spate of large accounting frauds (Enron, WorldCom), as well as the increased number of accounting restatements and SEC enforcement actions in recent years. (See 2003 Annual Review of Financial Reporting Matters by the Huron Consulting Group and the SEC’s Report Pursuant to Section 704 of the Sarbanes-Oxley Act of 2002.) In response to the fraud problem, Congress and regulatory authorities have enacted tougher laws and increased enforcement actions. Organizations are implementing tighter controls and broader oversight. The auditing profession has adopted more rigorous auditing standards and procedures, and software developers are adding continuous monitoring features to back-office systems. It remains unclear whether these efforts are sufficient to mitigate the fraud problem. Many studies suggest fraud is more likely to occur when someone has an incentive (pressure) to commit fraud, weak controls or oversight provide an opportunity for the person to commit...
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...CHAPTER 12 S CORPORATIONS SOLUTIONS TO PROBLEM MATERIALS | | | | |Status: | | Q/P | |Question/ | | | |Present | |in Prior | |Problem | |Topic | |Edition | |Edition | | | | | | | | |1 | |Partnerships versus S corporations | |New | | |2 | |Restrictions | |New | | |3 | |S election versus LLC | |Unchanged |1 | |4 | |Use of a qualified Subchapter S subsidiary | |Unchanged |3 | |5 | |Reelection after termination | |Unchanged |4 | |6 | |Passive investment income | |Unchanged |5 | |7 | |Schedule...
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...INSTITUTE & MANAGEMENT EDUCATION MBA DEPARTMENT AFFILATED WITH GUJRAT TECHNOLOGY UNIVERCITY, AHMEDABAD JAY S. BARMEDA ROLL NO...2016 Session : 2009-2010 HISTORY OF RELIANCE The Milwaukee Land Company purchased land from C.C. and Anna Herron for a town site in 1905 and the town was named Herron, but changed to Reliance when it was decided that the name Herron sounded too much like Huron. To the southwest stood a town site named Dirkstown and all of the buildings from there were moved into Reliance once it was learned the railroad would not be going through Dirkstown. Town sites were set up by the railroad company at about 10-mile intervals. Businesses, of the day, were set up immediately, probably the land office being the first. That and the first bank and the newspaper to advertise the land transactions. The lots sold for $200 for corner lots, $150 for inside business lots, $150 for residential corner lots and $100 for inside residential lots. Peter B. Dirks and a Mr. Montgomery, of the Farmers and Merchants State Bank from Dirkstown, purchased the first corner lot. Dirks' Trust and Title Company also opened a hardware and general store. Lafferty and Schoessler also had general stores. The school was built in 1921; high school was discontinued in 1972 and the school was finally closed in 1996. All children now go to Kennebec and Lyman High School in Presho. The community...
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...S w 9B08M053 THE HEALTH NUT Colleen Sharen and Vanessa Strike wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. Ivey Management Services prohibits any form of reproduction, storage or transmittal without its written permission. Reproduction of this material is not covered under authorization by any reproduction rights organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Ivey Management Services, c/o Richard Ivey School of Business, The University of Western Ontario, London, Ontario, Canada, N6A 3K7; phone (519) 661-3208; fax (519) 661-3882; e-mail cases@ivey.uwo.ca. Copyright © 2008, Ivey Management Services Version: (A) 2009-08-11 FALLING IN LOVE: THE HEALTH NUT Late in the afternoon on January 20, 2006, Chris Bregmann hung up the phone. Her account manager had just called to tell her that the bank was not going to extend any further credit to her small retail natural health products (NHP) store located in Grand Bend, Ontario. Bregmann and Vince Bury, her life and business partner, had owned The Health Nut since May 2003. While they had successfully grown sales, the business was not generating enough cash to sustain itself and provide the partners with adequate compensation...
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