Premium Essay

Case 4

In:

Submitted By Susan103
Words 6626
Pages 27
ACW410 - Case 4

The Electricity Generating Corporation
Introduction
The Electricity Generating Corporation (EGC) is located in a democratic Asian country. EGC was established as a nationalised industry many years ago. Its home Government at that time had determined that the provision of the utility services of electricity generation and gas production should be managed directly by boards which were accountable directly to Government. In theory, nationalised industries should be run efficiently, on behalf of the public, without the need to provide any form of risk-related return to the funding providers. In other words, EGC, along with other nationalised industries is a non-profit making organisation. This, the Government claimed at the time, would enable prices charged to the final consumer to be kept low.

Industry structure
EGC operates 12 coal fired power stations across the country and transmits electricity through an integrated national grid system which it manages and controls. It is organised into three regions, Northern, Eastern and Western. Each region generates electricity which is sold to 10 private sector electricity distribution companies which are EGC's only customers. The 10 distribution companies are the suppliers of electricity to final users including households and industry within the country and are not under the management or control of EGC. They are completely independent companies owned by shareholders. The three EGC regions transmit the electricity they generate into the national grid system. A shortage of electricity generation in one region can be made up by taking from the national grid. This is particularly important when there is a national emergency, such as exceptional weather conditions. However, there have been times when EGC has not been able to fully satisfy demand and this has led to power cuts. The charges for electricity

Similar Documents

Free Essay

Week 4 Case Study

...Week 4 Case Studies DeVry University Legal and Ethical Issues Case Study 10.1 Question - What does loyalty to the company mean, and how important is it, morally? Under what circumstances, if any, do employees owe loyalty to their employers? When, if ever, do they owe loyalty to their coworkers? Answer - Loyalty to the company implies being loyal to the company that you work for. A loyal employee does not steal from the company, they work hard, and they do not actively seek other employment opportunities. Loyalty is extremely important. A loyal staff is usually unified, and they usually share the same goals when doing and completing tasks. Employees do owe their employers some loyalty. The employer puts food on their tables, and clothes on their families back. It works both ways. The employer should be loyal to the employees as well. The only time employees really do not owe their employers loyalty is if they promote an unsafe or hostile work environment. Loyalty to co-workers is important as well. Especially when working in groups. If a fellow employee helps you, or goes out of their way to help you, it is natural to think you owe them some loyalty. What goes around comes around, and loyal people usually have a lot of good coming their way. Case Study 10.2 Question - Do you think Storms and Ahearn qualify as whistle-blowers? What do you think their motives were? Answer - I do not think Storms or Ahearn qualified as whistleblowers. Storms simply pointed out...

Words: 460 - Pages: 2

Premium Essay

Lighthouse Case 4-7

...Case Study – 2 LightHouse How should revenue be recognized for sales of both the ship finder devices and service? EITF 00-21 states “that in arrangements for multiple deliverables, the delivered item(s) should be considered a separate unit of accounting if all of the following criteria are met: The delivered item(s) has value to the customer on a standalone basis (i.e., it is sold separately by any vendor or the customer could resell the deliverable on a standalone basis) There is objective and reliable evidence of the fair value of the undelivered item(s) If the arrangement includes a general right of return, delivery or performance of the undelivered item(s) is considered probable and substantially in the control of the vendor”. In this case it says that lighthouse devices are made to be exclusively with the light house services and there are no other competitors making devices that work with the Lighthouse services. Therefore even if the customer cancels the service at any time the device does not have value to the customer on a stand alone basis therefore revenue can not be recognized by the arrangement with multiple deliverables. According to SAB no, 104 to recognize revenue “Persuasive evidence of an arrangement exists, Delivery has occurred or services have been rendered, the seller's price to the buyer is fixed or determinable and Collectability is reasonably assured”. So the revenue for the Ship Finder Device can be recognized after the completion of the...

Words: 300 - Pages: 2

Free Essay

Qmt 501 Mod 4 Case

...non-productive time in the cardiac catheterization lab, the implementation of the use of a combined Six Sigma and Lean System quality improvement methodology is suggested. Six Sigma’s focus on customers (in this case, patients) and quality improvement will be beneficial in identifying areas of concern and will provide a structure for the identification of and changes to poor patient flow in a cardiac catheterization lab. The call center on the other hand is an important operational center for management of an organization which calls for increased efficiency. The most important process in the call center, which needs most improvement, is an agent handling inbound or outbound call. Six-sigma methodologies can produce major breakthroughs in call handling providing improved results for employees, customers, and shareholders. The five step DMAIC project for both cases: Define. Defining the issues and their importance is not difficult. Since starting the first case of the day plays such an important role in the flow for the rest of the day, a quality and process improvement plan must address this issue. Cases need to begin on time to maximize unit staff, physician resources, and area hours of operation. Patients expect their procedures to begin at the scheduled time. Thus, first case start time is clearly a quality initiative. Hence, a charter was established by the senior leadership and a goal of 80 percent on-time...

Words: 901 - Pages: 4

Premium Essay

Unit 4 Chap 15 Case Study

...Unit 4 Chapter 15 Case Study 1. McDonalds has taken a proactive approach toward supporting and valuing diversity by establishing an initial diversity program. In 1980 they hired their first official manager for the program. McDonalds has always embraced and empowered a diverse workforce. Encouraging diversity both at McDonalds and within its supply chain is not only the right thing to do but good for business. 2. There are a couple different structures and systems that McDonalds has established in order to ensure that it leverages its diversity as part of its business strategy. One critical component to diversity and inclusion for McDonald's is teaching people how to work with others who are different than themselves. The core of its education framework includes formal presentations, workshops, seminars, and informal training designed to practice the skills and behaviors needed to collaborate with and lead people in an inclusive, diverse workforce. 3. McDonalds plans to overcome prejudice and discrimination by having all of its different human networks in a U.S. headquarters. 4. The AFA and AFTAH are sick and tired of rewarding and subsidizing corporations that promote homosexuality. McDonalds should take a step back on having so many homosexual employees in order for the AFA and AFTAH to associate with them . 5. Perception, attitudes, values, and ethics help us understand the dynamics within this case because they relate to stimulating growth and development within McDonalds...

Words: 359 - Pages: 2

Free Essay

Jamie Turner : Case Analysis - 4 Problems

...1. How did Turner get himself into this particular predicament? Solution: The following reasons form the root cause of Turner being so indecisive about his position at MLI towards the end of the case: Firstly, Jamie Turner earlier worked at Wolf River, where departments such as control, budgeting, planning and similar tasks were well supported. When he was allowed autonomy and was all on his own, he could not get enough time to prepare himself for all the challenges that were posed for his position and he ended making hasty decisions based on his prior experience. Secondly, his differences with Cardullo regarding their views on the cash flow problem, pricing halogen bulbs below the break-even point with reduced margins, and their other arguments left Turner in distaste and anger. Turner’s strategy of reducing production cost and lesser margins did not go well with Cardullo who wanted higher margins for his products. Moreover, Turner was initially indecisive about joining MLI given the financial situation of the company and other complexities that a merger had created. Also, he was not really keen to go into industrial marketing. He did not weigh the positives and negatives completely before accepting the offer at MLI and started repenting his decision after just a few months into the company. All these things along with the problem of dealing with Julie Chin, lead to this particular predicament. 2.  What did Pat Cardullo and Jamie Turner each initially bring to the situation...

Words: 735 - Pages: 3

Free Essay

Acct 504 Case Study 2

...LJB Company: Internal Control Evaluation Acct: 504 Case Study 2 Prepared by: Lennard Razor Prepared for: LJB Company 11/29/2014 LJB, 1 Table Of Contents Introduction: LJB Company Assessment 2 LJB Company: The Transition 3 Summary 5 Works Cited 6 LJB, 2 Introduction: LJB Company Assessment The overall purpose of this document is to assess the current state of the LJB Company. This assessment will thoroughly diagnose all of the components, both good and bad, used by LJB Company to help determine the company’s readiness to go public. Upon assessing all of the components and regulations currently utilized by LJB Company, I will also make recommendations for the improvement and future success of this company moving into the public market. In order to properly perform an assessment of the LBJ Company, there first had to be some set of standards or regulations that outline the internal controls and proper procedures for companies and businesses to adhere to for financial reporting. As it turns out internal control is a key component of Foreign Corrupt Practices Act(FCPA) of 1977 and the Sarbanes-Oxley Act(SOX) of 2002 which required companies to follow this set of internal controls. This list of internal controls is as follows: 1). Conduct its business in an orderly and efficient manner, 2). Safeguard its assets and resources, 3)...

Words: 939 - Pages: 4

Free Essay

12 Angry Men

...Corridors of Transition between 12 Angry Men and 12 “I have always found that mercy bears richer fruits than strict justice”. Abraham Lincoln “The virtue of justice consists in moderation, as regulated by wisdom”. Aristotle ”Nobody gets justice. People only get good luck or bad luck”. Orson Welles Justice = mid-12c., "the exercise of authority in vindication of right by assigning reward or punishment;" also "quality of being fair and just," from Old French justice "justice, legal rights, jurisdiction" (11c.), from Latin iustitia "righteousness, equity," from iustus "upright, just" . The Old French word had widespread senses, including "uprightness, equity, vindication of right, court of justice, judge." The word began to be used in English c.1200 as a title for a judicial officer. Meaning "right order, equity" is late 14c. Justice of the peace first attested early 14c. In the Mercian hymns, Latin iustitia is glossed by Old English rehtwisnisse. To do justice to (someone or something) "render fully and fairly showing due appreciation" is from 1670s. This word, with such a strong connotation, influenced and formed the basis of many philosophical...

Words: 5039 - Pages: 21

Free Essay

On Line Social Sites

...respondents, 65 or 59 % are female and 45 or 41 % are male. They were at average age of 17.5 in female and 17.23 in male. On frequency of respondents in favorite SNS, number of hours usage, moments spend using SNS, priority of reasons in using SNS and number of friends on line, the respondents’ mean favorite site used is 93 respondents preferred Facebook as networking site, followed by 69 or 62 % who prefers other sites, 65 or 59 % prefers Youtube, 46 or 41 % prefer Twitter, while 44 or 40 % prefer Yahoo messenger. Out of 110 , there are 46 or 42 % who spend time with SNS in 30 to 1 hour, 44 or 44 % spent 2 to 3 hrs, while 13 or 11 % used 4 to 5 hrs, and only 7 or 6 % devoted 5 hours or more. In moments used in SNS, Out of 110 respondents , there are 16 or 14 % use SNS in vacant period, while only 2 or 2 %% do it during class, 4 or 3.6 % do SNS in before class and 88 or 80 % use SNS after their class. Out 110, there were different reasons why they use SNS, such as bumming around which ranked 1 , 84 or 76 % , 75 or 64 % ranked studying as 2, 73 or 63 % meet new friends on SNS, and 42 or 38 % both for UpdaIng with family and friends. Out of 110, there are 10 or 9 % who have 10 to 100 friends on line , 16 or 14.5 % have 101 to 200 friends,...

Words: 790 - Pages: 4

Premium Essay

In Basket

...such as someone’s vacation hours and stocking merchandise for the store, those tasks should be delegated out to the assistant manager and to the store clerks. Being a supervisor means being in a role of leadership, logic, common sense, and decision making for yourself, the employees, and for the company. The “in Basket” debate and discussion gives us and our fellow classmates the opportunity to see if we can successfully delegate out certain tasks as a supervisor at a fictitious company. The discussion between me and fellow classmates was a great one and it appeared as though everyone agreed on everything accept for different incidents. The only two incidents where I came across disagreement were in regards to task number 3, and task number 4. These are the examples in which I will be using in this paper as far as disagreeing is concerned. Task number 3 is in regards to the mall hours changing for an upcoming holiday and that there is a request for store plans. In my own opinion and the opinion of all of my fellow classmates accept for one that I could find agreed that this task needed to be done by the Supervisor. The disagreeing student felt that it should be delegated to the Assistant Manager. This task should be done by the supervisor because it is not only a very important one...

Words: 848 - Pages: 4

Free Essay

Nt1210 Unit 1 Lab 1.1

...1____ | 0____ | | 4+ | 2 + | 0 = | 6 | 1.1.3 21↓ | 20↓ | | 2X | 1X | | 1____ | 1____ | | 2 + | 1 = | 3 | 1.1.4 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | 16X | 8X | 4X | 2X | 1X | | 1____ | 0____ | 0____ | 1____ | 0____ | | 16 + | 0 + | 0 + | 2 + | 0 = | 18 | 1.1.5 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | 128X | 64X | 32X | 16X | 8X | 4X | 2X | 1X | | 1____ | 1____ | 1____ | 0____ | 0____ | 0____ | 1____ | 0____ | | 128 + | 64 + | 32 + | 0 + | 0 + | 0 + | 2 + | 0 = | 226 | 1.1.6 156 | 28 | 28 | 28 | 12 | 4 | 0 | 0 | | 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | v | v | v | v | v | v | v | v | | 128x | 64x | 32x | 16x | 8x | 4x | 2x | 1x | | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 0 = | 10011100 | 128 + | 0 + | 0 + | 16 + | 8 + | 4 + | 0 + | 0 = | 156 | 1.1.7 255 | 127 | 63 | 31 | 15 | 7 | 3 | 1 | | 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | v | v | v | v | v | v | v | v | | 128x | 64x | 32x | 16x | 8x | 4x | 2x | 1x | | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11111111 | 128 + | 64 + | 21 + | 16 + | 8 + | 4 + | 2 + | 1 = | 255 | 1.1.8 200 | 72 | 8 | 8 | 8 | 0 | 0 | 0 | | 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | v | v | v | v | v | v | v | v | | 128x | 64x | 32x | 16x | 8x | 4x | 2x | 1x | | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 11001001 | 128 + | 64 + | 0 + | 0 + | 8 + | 0 + | 0 + | 1 = | 255 | 1.1.10 | 2^7 | 2^6 | 2^5 | 2^4 | 2^3 | 2^2 | 2^1 |...

Words: 552 - Pages: 3

Premium Essay

Profile of Working Students and It' S Implication on Academic Standing

...CHAPTER I INTRODUCTION Not all people are given the chance to have a quality education especially in the Philippines because it is now complicated. That’s why having the chance to study and choosing the course should not be compared to some thing like for an example buying a dress for a special occasion and when realization comes into your mind that you don’t want it, you’ll return it or maybe get your money back. No, this isn’t right, because in college life, you have to treat every second as an important detail of your life. You should not waste every moment in it. So choosing the course which you think fits your capabilities is very important. Studying a specific course in college is not only about paying the fees rather the most important things here are the time and effort spent. Money, time and effort are the most precious things in one’s life and once it is used or spent, it’s hard to gain again or worst you may never have it at all. So the time these are wasted for nothing, for sure the blame for this mistake will be felt truly. When looking at the profile of those students who are working and at the same time is studying, you would notice that they never dare wasting their time. For them, every second counts. Make an observation and you will find out that almost all of the working students are working too hard to finish their studies. For them, wasting their effort, time and money is such a big mistake. OBJECTIVES OF THE STUDY The objective of studying...

Words: 4091 - Pages: 17

Free Essay

Nt1210 Lab

...| 1 | Exercise 1.1.2 The mapping of 1102 will have 1, 1, and 0 in the lower bit values and 4, 2, and 0 in the bottom bits, for a sum of 6. 1 | 1 | 0 | 4 | 2 | 0 | Exercise1.1.3 The mapping of 112 will have a leading 0 to fit the mapping, which does not affect the results. The lower bits will have leading 0s and then 1 and 1 in the rightmost bits. This results in all 0s at the bottom, with 2 and 1 in the rightmost bits, for a sum of 3. 0 | 0 | 1 | 1 | 0 | 0 | 2 | 1 | Exercise 1.1.4 The placeholder 24 = 16 is necessary for this mapping because it is five digits. The result is 16 + 2 = 18 16 | 8 | 4 | 2 | 1 | 1 | 0 |...

Words: 349 - Pages: 2

Free Essay

Appendix G

... |Salary Range in Dollars |Base Tax in Dollars |Percentage of Excess | |1 |0.00-1,499.99 |0.00 |15 % | |2 |1,500.00-2,999.99 |225.00 |16 % | |3 |3,000.00-4,999.99 |465.00 |18 % | |4 |5,000.00-7,999.99 |825.00 |20 % | |5 |8,000.00-14,999.99 |1425.00 |25 % | Ok number 3 if the excess is over $3,000.00 then that would be 16% of $236.00; therefore the total tax would be $236.00 +36.00 which would be $272.00 Number 4 if the excess is 5,000 then that would be 18% of $232.5; therefore the total tax would be $232.5 + 32.5, or $265.00. Number 5 if the excess is over 8,000 then that would be 25% of $570.00 therefore the total tax would be $570.00 + $120.00, or $690.00. Number 1 if the excess is $0.00 then that would be 15% of $0.00 therefore, the total tax would be $0.00 + $0.00 which would nothing $0.00 I understand but I am confused on the number and how to get the, I know this cannot be right but I am trying to follow procedure and hoe...

Words: 309 - Pages: 2

Free Essay

Guess Your Card

...explain to me that in this game each of us in turn will blindly draw three cards from a partial deck of cards. This deck has had all cards above 9 removed, and for this game’s purposes aces are only equal to 1. Without looking at my cards I am to place them facing out on my forehead so the other players can clearly see the cards. Each of the other players is to do the same. The object of the game is to guess which cards you have on your own head using logic to solve the problem. Players draw question cards that reveal information about player cards, and the first to guess their cards based on the information revealed wins the game. My brother Andy has the cards 1, 5, and 7 showing on his forehead. His wife Belle has 5, 4, and 7. My girlfriend Carol has the cards 2, 4, and 6. Andy is selected to draw the first question card, and it asks if he sees two or more players who’s cards sum to the same value. Andy answers affirmatively. With this information I know that I must have cards that equal either 12 or 16. I know this because Belle’s cards sum to 16 and Carol’s cards sum to 12. Since Andy sees two of us with cars of the same value I am able to confirm that my sum must match either Belle’s or Carol’s. At this point none of us are able to conclude anything else about our cards, so Belle draws the next question card. Belle’s question reads “Of the five odd numbers [1, 3, 5, 7, and 9] how many different odd numbers do you see?” Belle answers that she sees all five the odd numbers. I...

Words: 652 - Pages: 3

Free Essay

Hahaha

...6:48 pm - Prudence: Plz use English all the time thank you 3 Oct 6:51 pm - Prudence: IMG-20141003-WA0010.jpg (file attached) 3 Oct 6:51 pm - Prudence: First meeting 3 Oct 6:51 pm - Prudence: From 1800 to 1851 3 Oct 6:55 pm - Scope Luee: l 3 Oct 6:55 pm - Scope Luee: Sori we don't know !! 3 Oct 7:01 pm - Scope Amy: Okay 3 Oct 7:01 pm - Scope Amy: Oops 3 Oct 7:01 pm - Scope Amy: Sorry 3 Oct 7:03 pm - Prudence: Its okay 3 Oct 7:03 pm - Prudence: Next meeting: tomorrow after school 3 Oct 7:03 pm - Prudence: Do u guys ok? 3 Oct 7:10 pm - Scope Ray:  3 Oct 7:11 pm - Scope Michelle:  3 Oct 7:11 pm - Scope Jason:  3 Oct 8:19 pm - Scope Luee: Okok 3 Oct 8:19 pm - Scope Amy: 4 Oct 4:31 pm - Prudence: IMG-20141004-WA0035.jpg (file attached) 4 Oct 4:31 pm - Prudence: Second meeting 11 Oct 3:26 pm - Scope Michelle: IMG-20141011-WA0007.jpg (file attached) 11 Oct 9:23 pm - Scope Jason: 可唔可以sd番今日傾過既野嚟睇? 13 Oct 11:31 am - Scope Luee: IMG-20141016-WA0001.jpg (file attached) 13 Oct 11:31 am - Scope Luee: IMG-20141016-WA0000.jpg (file attached) 13 Oct 11:31 am - Scope Luee: Sori我唔知係我電話 13 Oct 11:32 am - Scope Jason: Thx 13 Oct 11:32 am - Prudence: Thx 13 Oct 11:40 am - Scope Ray: Thx 14 Oct 12:54 am - Scope Luee: 各位有無email 我fd有份pm嘅project借左黎參考 腥俾你地睇下 14 Oct 12:55 am - Scope Michelle:  chung1994abcd@yahoo.com.hk 唔該晒 14 Oct 1:00 am - Scope Ray: raylau512@gmail.com 14 Oct 1:01 am - Scope Luee: 仲有每個項目解釋大約一至兩句is ok 原來果一大段係成個project description ...

Words: 1232 - Pages: 5