...Background of the Case In 1930, Enron began as Northern Natural Gas Company; founded by the North American Light & Power Company (35%), United Light & Railways Company (35%) and the Lone Star Gas Corporation (30%). After a decade, the company was able to double its system capacity and expand its business through acquisitions. In 1985, a merger acquisition with Houston Natural Gas (HNG) took place. The following year, the company’s name was changed to Enron Corporation. Shuffling the management, Kenneth L. Lay (HNG’s chairman), emerged as chairman. In 1991, Enron began overseas expansion. From being a natural gas pipeline company, the company shifted to brokering energy commodities as energy markets were deregulated. Although targets and projections were not met as promised to investors, Enron continued to spend heavily in advertising and lobbying for deregulation. In 1999, Enron ventured into the e-commerce market with the launching of EnronOnline to make the company more attractive to investors. The company stock prices went up but losses were disguised in elaborate partnerships and joint ventures. Such high stock prices fueled suspicion. In 2001, the U.S. Securities and Exchange Commission looked into Enron transactions and its partnerships. Andersen (auditing firm of Enron) destroyed Enron documents that could have been used as evidence. The company’s credibility was still questionable, thus, creditors and investors pulled out. In the latter part of the year, Enron...
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...learning methods that can motivate and... Save Paper Travel And Tourism Bussiness Plan Business plan: As a part of Travel & Tourism AS course we had to organize a trip.From the first day we were a group of five persons.However,due to some... Save Paper The Virtual Office’s Impact On Employee Work-Life Balance And Business Sustainability 1 MGT 3201 The virtual offices impact on employee work-life balance and business sustainability Prepared for: Mr. Ray Hingst Submitted: 18 October 2013 Prepared... Save Paper Travel And Tourism UK, and over 200,000 small and medium-sized enterprises. People are employed in tourism right across the country, in every constituency, in cities, in seaside towns... Save Paper Energy For Sustainable Management: Unit 3 Assignment able to produce as much useful energy as they consume, the break-even point. Sustaining reactions that produce enough energy to make them a commercially viable power... Save Paper The Sustainability Of Bws Under Philippine Laws Sustainability of BWS under Philippine Laws (A Position Paper) The case of People v. Genosa in 2004 was a landmark case that allowed for the Philippine... Save Paper Can Coke And Pepsi Sustain Their Profits In The Wake Of Flattening Demand And The Growing Popularity... best rates for the majority of their needs. Coca-Cola and Pepsi can sustain their profits in spite of a flattening demand for carbonated drinks by continuing to... Save Paper Banking Industry And Sustainability Of Business ...
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...Food allergies Name Institution Abstract Food allergies result from a situation whereby there is an overreaction of the natural defense mechanism of the body when there is exposure to a given food material. In such a scenario, the defense mechanism of the body treats the food substance as an intruder and thus releasing and sending chemicals to protect the body. Food allergy affects both young and old and is a source of concern to medics to find a solution to the challenge. This paper will dwell on elaborating on food allergies resulting from the intake of cow milk. Introduction Allergic reactions to the intake of cow milk, peanut, eggs, wheat, and fish to infants and children are common occurrences of cases of food allergy. This paper is a presentation of food allergies as a result of taking cow milk in babies and small children. The reason for choosing cow milk allergies is because it is the commonest of all food allergies and affects a majority of the infants and children. Again, cow milk is a common and necessary food substance for a healthy growth of infants and children. It is also readily available to majority households both in the rural and urban areas thus affecting a majority of infants and kids. The combination of these reasons makes cow milk a common food allergy thus prompting my desire to research on cow milk allergies. Where I undertook the research...
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...The Value of Independent Directors: Evidence from Sudden Deaths* Bang Dang Nguyen Chinese University of Hong Kong nguyendang@cuhk.edu.hk Kasper Meisner Nielsen Chinese University of Hong Kong and CEBR nielsen@cuhk.edu.hk NOVEMBER 12, 2008 PRELIMINARY DRAFT – DO NOT QUOTE Abstract We investigate the contributions of independent directors to shareholder value by examining the stock price reaction to an exogenous event: sudden deaths of directors. Compiling an extensive database of sudden deaths of directors in the U.S. from 1994 to 2007, we find that following the death of an independent director, the firm’s stock price drops by almost 1% on average. For our control sample of inside and gray directors, we find no significant reaction to such events. The difference in abnormal returns following the sudden deaths of independent, gray and inside directors is statistically and economically significant given our sample’s average market capitalization of 5.3 billion dollars. Consistent with the view that independence is valuable, we find that stock prices react less negatively when the independent director is older, appointed to the board during the tenure of the current CEO, or when he has long board tenure. Our results hold when controlling for director-invariant heterogeneity (e.g. ability, experience, and skills) using a fixed-effect approach. Overall, our results demonstrate that independent directors provide a valuable service to shareholders. Keywords: Independent...
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...65643449, 9810004225 www.eeducationalservices.com Chapter – 2 Acids, Bases and Salts Q 1. You have been provided with three test tubes. One of them contains distilled water and the other two contain an acidic solution and a basic solution, respectively. If you are given only red litmus paper; how will you identify the contents of each test tube? Ans. Dip fresh red litmus paper separately in three test tubes. The solution in which it turns red litmus to blue litmus contains basic solution. The blue litmus paper formed here can now be used to test the acidic solution. Now, put the blue litmus paper in the remaining two test tubes. The solution in which it turns blue litmus paper to red contains acidic solution. The solution which has no effect on any litmus paper contains distilled water. Q 2. Why should curd and sour substances not be kept in brass and copper vessels. Ans. Curd and sour substances contains acids which react with brass and copper vessels. Because of this, the food becomes unfit for eating. Also, produced acid, corrodes the brass and copper. Q 3. Which gas is usually liberated when an acid reacts with a metal? Illustrate with an example. How will you test for the presence of this gas ? Ans. When an acid...
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...Lauren Rohe PSYCH1810 Roche October 22, 2010 Author: Ruscio, John Article: “Diagnosis and Behaviors They Denote” Stigmatization is a big issue then psychology profession faces every day. The theory of labeling can cause an effect on the individual and the society together. The author of this article, John Ruscio is a psychologist who examined a few cases to show how labeling is a challenge for others. Do the mentally ill suffer from social rejection from stigmatization? These case studies give a few examples on the few from both perspectives. He makes good points from his examples, and then in the end shows his perceptions and his advice on how to change this social problem. Pseudo patients and Pseudoscience There were eight mentally stable patients that pretended to act insane and fake their symptoms to be checked into a mental hospital. After diagnosed with schizophrenia, the patients stopped faking their symptoms. When the hospital staff could see the patients “sanity”, they were discharged after a 19 day stay from the mental hospital. The observations from inside of the hospital showed that the labels from the psychologist will remain with the patient for the rest of their life. The “insane are not always insane”, and occasional behavior, will still receive a label of illness in mental hospitals. Patients, Job Applications, and Psychological Disturbance A group of psychologists were asked to watch a muted video tape of an interview occurring. One group was...
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...Deviance and Society Unit 8 Paper: Institutions and deviance Monday, June 18th, 2012 How the Institution Handles Deviants Institutions have made systems, regulations, and rules in an effort to make those who we define as a deviant restrict such behaviors. To manage deviance institutions use restraints, medicalizations, rules, pass them along, punishment, ignore them, hide them, fix them, isolate them, sort them, and challenge/undermined them. Medical institutions for the mentally ill can use any and all of the above techniques to manage deviant behaviors. Legal institutions like police stations, jails, prisons, and courts use the techniques that deal less with medicalizing deviants; the techniques generally include: rules, isolation, sorting, punishment, and challenging the deviants. Such examples are covered in the readings and movie for this unit: Case Routinization in Police Work (Waegel 1981), Normal Crimes (Sudnow 1965), On Being Sane in Insane Places (Rosenhan), and The One Who Flew Over the Cuckoo’s Nest. In Case Routinization in Police Work and Normal Crimes, the main objective of the two journals was to show case the different ways in which the legal system handles deviance. For Case Routinization in Police Work it explained that the differences in bonds and sentencing is based on the crime itself and how the assailant committed the crime, if it was performed in a routine or non-routine way. A great example that comes from recent media coverage would be “the...
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...UPGRADING CHEMISTRY FORM 1 AA Acids, Bases & Indicators Comprehensive tutorial notes Julius G.Thungu jgthungu@gmail.com 0711 354 885 INTRODUCTION TO ACIDS, BASES AND INDICATORS 1.In a school laboratory: (i)An acid may be defined as a substance that turn litmus red. (ii)A base may be defined as a substance that turn litmus blue. Litmus is a lichen found mainly in West Africa. It changes its colour depending on whether the solution it is in, is basic/alkaline or acidic. It is thus able to identify/show whether another substance is an acid, base or neutral. (iii)An indicator is a substance that shows whether another substance is a base/alkaline,acid or neutral. 2.Common naturally occurring acids include: Name of acid | Occurrence | 1.Citric acid | Found in ripe citrus fruits like passion fruit/oranges/lemon | 2.Tartaric acid | Found in grapes/baking powder/health salts | 3.Lactic acid | Found in sour milk | 4.Ethanoic acid | Found in vinegar | 5.Methanoic acid | Present in ants, bees stings | 6.Carbonic acid | Used in preservation of fizzy drinks like coke, Lemonade, Fanta | 7.Butanoic acid | Present in cheese | 8.Tannic acid | Present in tea | 3.Most commonly used acids found in a school laboratory are not naturally occurring. They are manufactured. They are called mineral acids. Common mineral acids include: ...
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...OPADA, R. J. C. PARBA IV-Photon Philippine Science High School - Central Visayas Campus Talaytay, Argao, Cebu, Philippines Date performed: December _, 2013 Date submitted: January 6, 2013 ABSTRACT Corrosion is a process through which metals in manufactured states return to their natural oxidation states, a reduction-oxidation reaction in which the metal is being oxidized by its surroundings, often the oxygen in air [1]. The first part of the experiment involved the products of rusting. Certain amounts of 3% NaCl, 10% K3Fe(CN)6 and phenolphthalein were combined. A piece of paper was soaked in this mixture. 2 nails (one straight, one bent) were wrapped in the damp paper allowing space in between, then left for 10mins. After which, colors formed in the paper napkins were observed. The second part was the bimetallic corrosion. 2 iron nails were cleaned using sand paper. In one nail, copper wire was coiled around its tip. On the other, a zinc granule was attached to its tip. Another paper was soaked in the same mixture in which the nails were wrapped separately and were left for 10mins. The papers were opened and sites where pink and blue colors formed were examined. The results didn’t absolutely correspond to the objectives of this experiment due to the errors on the materials used; however, it was inferred that during the process of corrosion, the metal ions dissolve and the electrons transfer to another location where they’re taken up by oxygen. A...
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...In both cases the reagent was bromine and the substrates were alkenes and hexanes. The bromine reagent was a dark red-brown colour. Test tubes 1 and 2 with alkenes and hexanes respectively, the test tubes were wrapped in tin foil and kept at room temperature. The congo red indicator paper folded over the opening did not change colour, and the bromine alkenes solution became clear after adding the bromine. This is consistent with the formation of a colorless vicinal dibromide, formed by the addition of bromine to the carbon-carbon double bonds in the alkenes.1 No gas was formed in this reaction explaining why the indicator paper did not change colour. When bromine was added to hexanes and placed under a strong light, the congo red paper turned blue indicating that an acidic gas was evolved. This is consistent with theory since the reaction of alkanes and bromine produces hydrogen bromide gas when placed under light, which contains an acidic proton that would lower the pH so the indicator paper would change colour.1 The solution became light yellow, which indicates that the same reaction as with alkenes did not occur since there are no double bonds present on hexanes and no colourless liquid was...
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...Case Study Stephanie Ochs Liberty University Psyc 210-D01 In this particular case a six year-old child brought a gun to school and shot one of his classmates. As a result, the child’s 19-year-old brother was charged with involuntary manslaughter. There can be many different situations that accumulated and led to the young boy shooting his classmate. Some of the reasons that could have led the boy to such a drastic action include guided participation, emotional regulation, reactive aggression and abuse. The law states that a child under seven is considered not criminally responsible, therefore, based on evidence discovered by police, the older brother was charged with the crime, Young children learn from others, mainly their caregivers and their peers. Kathleen Berger (2011), author of The Developing Person Through the Life Span, defines guided participation as, “the process by which people learn from others who guide their experiences and explorations (p. 241).” Parents are children’s main example; they set an example for their children to follow through their life. In this case, the little boy may have parents who have not demonstrated the best lifestyle to their child, leading him to believe that drastic behavior is how people get what they want. The little boy may have potentially witnessed his older brother threaten or even shoot someone because he did not get his way. The little boy might have thought that retaliation in that manor is how you get what you want. ...
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...gently over a piece of very coarse sandpaper a few times and rate its coarseness on a scale from 1 (very soft) to 7 (very coarse). After a minute or two, rub the same finger over the paper and again rate its coarseness. Did your perception of the coarseness change? How? Record your reaction. Experiment 2: Prepare one cup with sugar water and one with fresh water. Take a sip of the sugar water and swish it around in your mouth for several seconds without swallowing it. Gradually, it should taste less sweet. (Dispose of the sugar water) Taste from the cup containing fresh water. Did the taste of the fresh water surprise you? How? Record your reaction. Experiment 3: Take about 15 index cards and a flashlight that is opaque on all sides (so that light shines only through the front) into a very dark room. Place all 15 cards over the beam of light. Slowly remove the cards one at a time until you can barely detect the light, and then count the number of cards that remain over the light. After a few minutes, the light should begin to look brighter. When this is the case, add cards and see if you can still see the light. Repeat this process of gradually adding cards over a 15-minute period. Were you able to detect an increasingly dim light the longer you spent in the dark? Record your reaction. How many cards did it take to not see the light after time? Experiment 4: Fill 3 medium-sized bowls as follows: Bowl 1 - with very hot (but not painfully hot) tap water Bowl...
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...salt Ammonium thioglycolate (HSCH2CO2NH4) is a compound that can break disulphide bonds. This is because it contains a thiol group (-SH). The thiol group replaces one of the sulphur atoms in the disulphide bond, like this: Keratin-S-S-keratin + 2HS-CH2CO2NH4 --> -HO2CH2CS-SCH2CO2H + 2NH3 + 2HS-keratin When the disulphide bond is broken, the keratin bundles come apart, and hair is weakened. Ammonium thioglycolate is therefore used widely in beauty parlours when customers want their hair re-styled. However, if you use too much of it, or if the reaction is left for too long, you could end up going bald. So do not, ever, try it at home! If you have watched the film Legally Blonde, you'll have seen Reese Witherspoon (acting as a law student) win her first case by her knowledge of the chemistry of perms! 1 How to get your hair re-styled If you'd like your hair curled, it's called a perm. If you like it straightened, that's rebonding. In both cases, the steps are very similar. First, the beautician will wash your hair thoroughly to clean it. Then she applies perm salt (ammonium thioglycolate solution) to it...
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...Agency Problems can Effect the Investors Reaction Abstract Adverse Selection and agency problems are the major areas of Concern for both, the investors, and the corporate governance. Company’s good corporate structure can have a positive impact On investors. Our study, with the support of previous studies, tries to prove that the investors are also concerned about the adverse Section and agency problems. This study lacks evidences from the previous researchers regarding the relationship between investor’s reaction and adverse selection and agency problems. Even then it is a good attempt to study the behavior of investors towards investing in the company where the problems of adverse selection and agency problems are present. Key Words: Investors Reaction, Adverse Selection, Agency Problems, Corporate Governance Introduction: This paper describes the reactions of the investors to the corporate governance issues with an emphasis on the situation of agency problems and adverse selection. This paper adds to the existing literature of how investor reacts to different corporate governance issues. The idea is that how adverse selection and agency problems can directly or indirectly affect the investors thinking. Corporate governance has an influence on the investor’s reaction .Many corporate governance issues like board size, outside directors, CEO tenure and other such issues have the impact on investor’s reaction. Investors can react differently to the...
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...MBACOG4 : HUMAN BEHAVIOR IN THE ORGANIZATION : Three (3) : The course gives an insight into the intricacies of organizational processes. It is designed to help develop the students’ awareness of their behavior and performance in the workplace as affected by their personalities, skills, potentials, job satisfaction, motivation, leadership abilities, among others. It also promotes an understanding of people and organizational dynamics which would enable the students to adapt and adjust better in the workplace. Additional topics like ethics, performance and commitment, and becoming a better employee would impress on students the ways by which they could become valuable assets to the organization. Different activities which include case studies and reaction papers bring to life the theories and concepts, while honing the students’ analytical, critical and decision-making skills. V. Objectives of the Course: At the end of the course, the business student should be able to: A. 1. 2. 3. 4. 5. Cognitive discuss the key concepts of the course. describe the different theories learned. explain the structure and design of organizations. expound on organizational processes and dynamics. describe the role of culture, groups and leaders in promoting and sustaining the quality of employee performance. 6. Discuss the implications of personality, individual differences, values, attitudes, teamwork, ethics, trust and commitment, among others, to the motivations and performance of employees. B. 1. 2...
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