...Name: Nam Do Class: ACC 617 Instructor: Dr. Nancy Lankton Question 1 a. Independence from current/former executives The good Board of Directors should be independent from current/former executives to commit to high standards of corporate governance. There should have different Boards including the Board of Executives which is responsible for day-to-day activities and Board of Directors elected by the shareholders for supervising the Board of Executives. The Board of Directors holds the highest authority in the management of the corporation. The Executive Boards are responsible for operating business activities, managing staffs and developing business plan in collaboration with the Boards of Directors for the future of the organization. In B&O, the executives should design, develop and implement strategic plan for their project in a cost-effective and time-efficient manner. The Executive Board should discuss the planning with the Engineer Boards and Audit Committee in implementing and controlling the construction process. The Executive Board manages the reports on construction progress and on operations. The Executive Director plays a leadership role for an organization and also fulfills a motivational role in addition to office-based works. The Board of Directors may not be good at leadership or encourage staffs to perform daily works but Board of Directors is able to work with Board of Executives on strategic plans and evaluate the Executive Board’s performance. The Executive...
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...G L O B A L A S S O C I AT I O N O F R I S K P R O F E S S I O N A L S R I S K H I S TO R Y The Origins and Evolution of Credit Risk Management Credit risk can be traced back thousands of years. But where exactly did it come from and what are its basic tenets? What events changed the course of credit risk history? And who were the true innovators of credit risk management? Aaron Brown takes us on an interesting journey, from the ancient origins of credit to the birth of ratings agencies, all the way through modern-day deficiencies in understanding probability of default. C redit is much older than writing. Hammurabi’s Code, which codified legal thinking from 4,000 years ago in Mesopotamia, didn’t outline the basic rules of borrowing and didn’t address concepts such as interest, collateral and default. These concepts appear to have been too well known to have required explanation. However, the Code did emphasize that failure to pay a debt is a crime that should be treated identically to theft and fraud. The Code also set some limits to penalties. For example, a defaulter could be seized by his creditors and sold into slavery, but his wife and children could only be sold for a three-year term. Similarly, the Bible records enslavement for debt without disapproval; for example, the story of Eli’sha and the widow’s oil concerns the threatened enslavement of two children because their father died without paying his debts. But the Bible also goes further than Hammurabi...
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...be necessary for your caption. You’ll need to decide what the image is “about,” what the central focus should be, and what information is most essential. • Bellaire is a region of East Ohio, located across the river from Wheeling, West Virginia. This image was included in the book, Images of America: Bellaire. • Bellaire was an industrial hub. In its heyday, the city contained glass factories, coal mines, enamel works, brick makers, and other industries. The presence of the Baltimore &Ohio (B&O) Railroad made such industrial prosperity possible. • Photo - In the B&O yards of the Bellaire Roundhouse. • With Shovel – John Krebs, engineer. This particular photo was donated by his great grandson, also named John Krebs. • The other gentleman was recently identified. He was a fireman named Ernest Rufer. • This picture was taken in 1878. • In the background is the Stone Viaduct, an important feature of the town that was erected to connect the B&O line to the Central Ohio Railroad. It also crossed the Ohio River, making rail travel between Ohio and West Virginia more convenient. Prior to 1870, train ferries were used. • The engine in this photo is a Camel Locomotive. Camels were known for carrying heavy freight across rugged terrain. The problem was that they had a tendency to derail. The engine seen here was an improved model called a Davis Ten Wheeler. What made this model unique was the...
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...of the American Railway Union, soon tied up much of the country’s rail system. As the situation deteriorated, U.S Attorney General Richard Olney, himself a former railroad lawyer, deputized over 3,000 in an attempt to keep the rails open. This was followed by a federal court injunction against union interference with trains. When rioting ensued, President Cleveland sent in troops and the strike was eventually broken. Another example includes the Great Railroad Strike of 1877. The widespread labor violence that threatened, by the 1890, to spin out of control had exploded onto the national scene in 1877 with a railroad strike that crippled transportation throughout the northeast. There had been strikes before in America, but nothing that matched...
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...there is no such thing as a growth industry. MARKETING MYOPIA By Theodore Levitt Every major industry was once a growth industry. But some that are now riding a wave of growth enthusiasm are very mueh in the shadow of decline. Others whieh are thought of as seasoned growth industries have actually stopped growing. In every case the reason growth is threatened, slowed, or stopped is not because the market is saturated. It is because there has been a failure of management. business. The reason they defined their industry wrong was because they were railroad-oriented instead of transportation-oriented; they were produetoriented instead of customer-oriented. e Hollywood barely escaped being totally ravished by television. Actually, all the established film companies went through drastic reorganizations. Some simply disappeared. All of them got into trouble not because of TV's inroads hut because of their own myopia. As with the railroads, Hollywood defined its husiness incorrectly. It thought it was in the movie husiness when it was actually in the entertainment husiness. "Movies" implied a specific, limited produet. This produced a fatuous contentment which from the beginning led producers to view TV as a threat. HollywootI scorncxi and rejected TV when it should have welcomed it as an opportunity — an opportunity to expand the entertainment husiness. Today TV is a bigger husiness than the old narrowly defined movie business ever was. Had HolKvvood heen eustomer-oriented (providing...
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...Illinois is a leader in highway safety. Over the last decade, this state has produced Illinois Rules of the Road 2013 some of the toughest highway safety laws in the nation. As the leading traffic safety advocate for the state, my office has led the charge against drunk and distracted drivers. Illinois also has adopted some of the toughest driver’s license standards for teen drivers. My office has also adopted policies that have allowed the driving public to more easily access Secretary of State services. Hundreds of thousands of drivers and registered vehicle owners have utilized services on my office’s website at www.cyberdriveillinois.com to renew their driver’s license and license plates, register their information in the Emergency Contact Database or to join the Organ/ Tissue Donor Registry. As Secretary of State, I continue to maintain the highest standards when it comes to traffic safety and public service in Illinois. Jesse White Secretary of State Table of Contents Chapter 1: Illinois Driver’s License ................................................................................2 Chapter 2: Driver’s License Exams ..............................................................................11 Chapter 3: Drivers Under Age 21 (GDL) ......................................................................14 Chapter 4: Traffic Laws................................................................................................19 Chapter 5: Sharing the Road...
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...IT Doesn’t Matter by Nicholas G. Carr Reprint r0305b May 2003 HBR Case Study Leadership Development: Perk or Priority? r0305a Idalene F Kesner . HBR at Large IT Doesn’t Matter r0305b Nicholas G. Carr Is Silence Killing Your Company? r0305c Leslie Perlow and Stephanie Williams Global Gamesmanship r0305d Ian C. MacMillan, Alexander B. van Putten, and Rita Gunther McGrath The High Cost of Accurate Knowledge r0305e Kathleen M. Sutcliffe and Klaus Weber Hedging Customers r0305f Ravi Dhar and Rashi Glazer The Nonprofit Sector’s $100 Billion Opportunity r0305g Bill Bradley, Paul Jansen, and Les Silverman Best Practice Diamonds in the Data Mine r0305h Gary Loveman Frontiers Don’t Trust Your Gut Eric Bonabeau r0305j H B R AT L A R G E IT Doesn’t Matter by Nicholas G. Carr As information technology’s power and ubiquity have grown, its strategic importance has diminished. The way you approach IT investment and management will need to change dramatically. I n 1968, a young Intel engineer named Ted Hoff found a way to put the circuits necessary for computer processing onto a tiny piece of silicon. His invention of the microprocessor spurred a series of technological breakthroughs – desktop computers, local and wide area networks, enterprise software, and the Internet – that have transformed the business world. Today, no one would dispute that information technology has ...
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...The Resilience of the Railroad Industry Lindsay Millar, Jessica Settlecowski & Mike Gawel MGT 674 March 23, 2013 The history and resilience of the railway industry is rather remarkable as it has helped shape the landscape and the formation of the United States. Railways allowed colonies to settle in the West and the country suddenly became connected from coast to coast. This encouraged the exchange of goods and stimulated the development of towns and communities along track lines. Soldiers were shipped directly to the forefront of battleground lines and supplied with a constant flow of ammunition. Most importantly, trains were the steam engine that fueled the industrial revolution. The railway industry’s history is rich with experience and wise with age, as it has survived many seemingly insurmountable obstacles, including: the Great Depression, civil war, the advent of automobiles and airplanes and federal regulation. Federal regulation took the largest toll on the industry as it restricted the ability of the industry to adapt to future demands and market requirements. The growth of rail was stunted by 100 years of federal regulation and since the Staggers Act of 1980 which led to deregulation, the industry has been struggling to recover. After the implementation of the Staggers Act the industry has undergone serious reconstruction which has increased the overall performance and reliability of rail. As service levels improve the demand for low rates and large capacity...
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...Of the five characteristics of Western Warfare, the emphasis on innovation best exemplifies warfare in the American Civil War. Throughout history, the combatant with the highest level of technology and innovation typically is victorious over numerically superior forces. For example, using new and innovative methods of constructing fortifications, in 1294 AD, the garrison of Harlech Castle in Wales, consisting of only 37 soldiers, was able to defend against a significantly numerically superior force. During the American Civil War, both sides used the emphasis on innovation to turn the three non-military technologies of the manufacture of interchangeable parts, railroads, and the telegraph, into weapons of modern Western warfare. During the early nineteenth century, gun smithing was an extremely skilled craft and most firearms were handmade, subsequently making them one of a kind . The bulk of the American industrial base was located in New England, and it was there that the “American system of manufacture” was born. As the demand for manufactured goods rose, many companies developed systems that would increase the overall output of their factories while decreasing the need for highly skilled tradesmen. The result was the ability to mass-produce nearly identical parts that could be used in any random selection of parts. The primary American army firearm of the day was the Springfield Musket. The armory at Springfield, Massachusetts, mass-produced the majority of these...
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...contact UKnowledge@lsv.uky.edu. ARTICLES S TRICT LIABILITY F OR C HATTEL L EASINGt R ichard C. Ausness* Leasing has become an increasingly popular substitute f or outright purchases as a means o f acquiring products f or use. Few courts a nd commentators, however, have addressed the question o f whether the principles o f strict products liability which apply to sellers also apply to lessors. I n this Article, Professor Ausness reviews the historical basisfor imposing strict liability in tort on sellers a nd applies these rationales to five basic kinds o f lease transactions. H e concludes that strict liability should not apply when a product defect arises after the leased product is placed in the hands o f the lessee (as contrasted with the more typical case o f " manufacturing defects" which arise when the product is manufactured), nor when the leased product is a fixture attached to real property. I n such cases, the lessor should be held to a negligence standard o f liability. However, in a ll other cases, the rationalesfor imposing strict liability on sellers apply as well to lessors a nd support the imposition o f strict liability upon these lessors. T ABLE OF C ONTENTS Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I. Principles o f Bailment L aw. . . . . . . . . . . . . . . . ....
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...Chapter 8—Negligence and Strict Liability TRUE/FALSE 1. A blind person will be held to the standard of care of the reasonable blind person rather than that of the reasonable sighted person for purposes of determining negligence. ANS: T MSC: AACSB Analytic 2. In applying the reasonable person standard, the court takes into account a person's physical, but not mental handicaps. ANS: T MSC: AACSB Analytic 3. A "reasonable person standard" does not apply to children since they do not have the judgment, intelligence, knowledge, or experience of adults. ANS: F MSC: AACSB Analytic 4. A person who falls asleep while driving would not be liable for any resulting injury since it would be an unavoidable accident. ANS: F MSC: AACSB Analytic 5. The standard of conduct which serves as the basis for the law of negligence is usually determined on a cost-benefit or risk-benefit analysis. ANS: T MSC: AACSB Analytic 6. A reasonable person, as used in the law of torts, is a fictitious individual who is always careful, prudent, and never negligent. ANS: T MSC: AACSB Analytic 7. The general rule for the standard of care used in tort law is: a person is under a duty to all others at all times to exercise reasonable care for the safety of other persons and their property. ANS: T MSC: AACSB Analytic 8. Compliance with a legislative enactment or administrative regulation does not prevent a finding of negligence if a reasonable person would...
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...Ga e Bo r Millions of Prizes * Co ect Game Stamps or win “Instantly”!† to be won! † game starts September 24, 2013† Re Ho how to rede em FOOD PRIZES† Take Game Stamps for food Prizes to a participating McDonald’s Restaurant in Canada. Before ordering, please let us know if you are redeeming a MONOPOLY food Prize†. ® † †No purchase required. See complete Game schedule, complete list of packages with Game Pieces, odds, eligibility, planned Prize redemption deadlines, Prize and other Game details in the Official Rules at participating McDonald’s® restaurants in Canada or at mcdonalds.ca/monopoly. Internet access rqd. to redeem some Prizes. Correct answer rqd. to a skill-testing question. *At the outset of the Game. Prizes available diminish and chances of winning may change as Prizes are claimed. ^“Cash” Prizes are payable by cheque. ©2013 McDonald’s ®, ™, MD and MC – use of these trademarks is licensed from McDonald’s Corporation. MONOPOLY, ®, ™ & © 2013 Hasbro. All Rights Reserved. © 2013 Wal-Mart Canada Corp. EA, EA SPORTS and the EA SPORTS logo are trademarks of Electronic Arts Inc. Snapfish is a registered trademark of Hewlett-Packard Development Company, L.P. All Rights Reserved. Interac, the Interac logo and Interac Flash are trade-marks of Interac Inc. Used under license. FIAT is a registered trademark of Fiat Group Marketing & Corporate Communication S.p.A., used under licence by Chrysler Canada Inc. Beaches® Resorts – The Luxury Included® Family...
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...Luckily, Cora had both traits and a mother who shared them with her. In The Underground Railroad by Colson Whitehead, the literary devices of foreshadowing and imagery are used to show that Cora was predestined to run away as the pursuit of freedom is her family inheritance. As this story is about the Underground Railroad, the setting plays an integral role....
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...MYANMAR Putao Jorhat KACHIN Ch SAGAING Dhaka Tengchong Katha DIVISION Irrawaddy RAKHINE Ramree I. STATE Che duba B a y o f B e n g a l I. Prome (Pye) Town, village An d a m a n S e a Major airport G Ma ulf of rtab an MON STATE Nakhon Sawan Launglon Bok Islands 16° Nakhon Ratchasima Bangkok 14 ° (Krung Thep) Dawei CAMBODIA TANINTHARYI DIVISION Mergui International boundary Division or state boundary T H A I L A N D Amherst 94° Division or state capital Khon Kaen Ye National capital 18° ng Coco Islands (MYANMAR) e Vientiane M kong (Viangchan) Pi y 12° 12° Main road Mergui Archipelago Secondary road 20 ° m s o f t h e I r ra w a d d DEMOCRATIC REPUBLIC Na Pyapon LAO PEOPLE'S Mae 92° Thaton Pa-an KAYIN YangonBilugyin I. Mawlamyine STATE Preparis Island (MYANMAR) 14° Houayxay Lampang Bago YANGON DIVISION AYEYARWARDY DIVISION u th Möng-Pan Chiang Mai BAGO DIVISION Henzada Mo Muang Xai Loikaw KAYAH STATE Naypyitaw Sandoway Pathein Kengtung Taungdwingyi 18° 16° Taunggyi MAGWAY DIVISION Minbu Magway Sittwe (Akyab) 20° Meiktila VIET NAM Pongsali Ta-kaw MANDALAY Chauk Jinghong SHAN STATE Myingyan Pakokku 22 ° ) Mandalay Sagaing Gejiu d) ng Maymyo (Re ko Monywa CHIN STATE Yuan e (M Shwebo Lashio S a l we e n I r r a w ad d y 22° Chittagong La nc a ng Namhkam Kalemya Hakha 24 ° Lincang Mawlaik Falam C H I N A Bhamo DIVISION Barisal Kunming Baoshan Hopin 24° 26 °...
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...electoral votes to 80 votes for Seymour. b) James G. Blaine - He was from Maine and was a radiantly personable congressman with an elastic conscience. Blaine was one of the late 19th century's leading Republicans and champion of the moderate reformist faction of the party known as the "Half-Breeds". c) Burly “Boss” Tweed – He employed briery, graft, and fraudulent elections to milk the metropolis of as much 200 million dollars. Tweed’s luck ran out when the New York Times discovered evidence in 1871 and published. He then died behind bars. d) Democrats – They had a solid electoral base in the south and in the northern industrial cities, teeming with immigrants and controlled by well-oiled political machines. e) Republicans – Their strength laid largely in the Mid-West and the rural and small-town Northeast. Important blocs of republicans’ ballots came from the GAR- a politically potent organization with many Union veterans of the civil war. f) Grover Cleveland – He was a solid lawyer of 47 and was the first democrat to take the oath of presidential office in twenty eight years since Buchanan. He also believed that the people should support the government but not vise-versa. g) McKinley Tariff Act- The tariff act was established in 1890. The act boosted rates to their highest at 48.4 percent during peacetime. The new tariff also brought fresh woes to farmers. h) The Era of Good Stealings – Railroad promoters cheated gullible customers....
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