...Summary The “Unearthing Pharma Fraud” article discusses the case of Rew Cook who is the sales manager at Good Health Inc. (GHI). The firm distributes pharmaceutical products and medical/dental equipment to pharmacies in France. An audit by the outsourced internal audit firm Alan & Blanche revealed fraudulent activity in Cook’s sales department. Cook took advantage of the internal control weaknesses present in GHI operations and was able to make a personal gain to the tune of $200,000. Cook’s main fraud was a result of keeping pharmacies in the dark in regards to the rules associated with bonuses and promotional products from hitting targets. This way Cook could favor the pharmacy of his choice, and in return would accept kickbacks from favoring particular pharmacies. Also due to pushing high sales, without netting in sales returns, he was not only able to receive higher commissions based on inflated sales, but also create a name for himself that he could use to ignore many rules, specifically HR policies. Control Weaknesses There were many kinds of control weaknesses in the “Unearthing Pharma Fraud” Case; the first, limited controls related to the control environment. With no processes set to interview employees who left the division or the company, in order to review employee performance or management performance. No controls were set to prevent management override, as Cook hired clerks, on company payroll without HR knowledge. Another lack of control was...
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...Juvenile Justice System History of the juvenile justice system The first juvenile court was established in Chicago in 1899. Leading up to this point children over the age of seven were tried in the regular criminal court which lead to many problems in the rehabilitation of juveniles. According to United States Courts (n.d.), “Gerald (“Jerry”) Gault was a 15 year-old accused of making an obscene telephone call to a neighbor, Mrs. Cook, on June 8, 1964. After Mrs. Cook filed a complaint, Gault and a friend, Ronald Lewis, were arrested and taken to the Children’s Detention Home” (para. 1). The Court closely examined the juvenile court system, ultimately determining that, while there are legitimate reasons for treating juveniles and adults differently, juveniles facing an adjudication of delinquency and incarceration are entitled to certain procedural safeguards under the Due Process Clause of the Fourteenth Amendment. The Juvenile Delinquency Prevention and Control Act of 1968 and the Juvenile Justice and Delinquency Prevention Act of 1974, both stress the importance of separation between noncriminal (status) offenders and those who are accused with criminal offences in terms of legal treatment. In addition, the Acts call for deinstitutionalization of those “light” offenders and demand that convicted juvenile will be removed from adult jails and prisons. Treating young offenders as adults has proved counterproductive and raised questions about the fundamental...
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...Case 14-06 Making Connections Social Konnections Inc. (SKI or the “Company”) is a global Internet company that runs Social Konnections, a large social media networking Web site. SKI has experienced steep growth since its launch in 2005, and the Company went public in 2010. SKI currently has over 500 million active users who visit the site to connect with others, express themselves, and play games. Last year, substantially all of SKI’s revenue came from advertisers who market their products and services to SKI’s active users through advertisements placed on the Web site or its various mobile platforms. The Company’s remaining immaterial revenue was received from fees associated with the sale of virtual goods and services by third-party application developers using SKI’s various platforms. In Q1 of the current fiscal year, SKI acquired Corporate Collaborations (CC), an entity that manages private and public social media networks for corporations. CC’s customers are primarily national and global companies whose employees connect over its platform. In addition to hosting private social media networks for corporations, CC provides services to develop the networks it manages. CC’s revenues are earned through the performance of multi-year revenue contracts with its customers. In the current year, CC is expected to produce approximately 20% of SKI’s consolidated revenue in the current year. SKI’s investors are focused on the growth prospects of the Company’s legacy...
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...Summary of Apple’s Latest Launch: iFinance According to the article on the newspaper of Barron’s, “Apple’s Latest Launch: iFinance,” written by Randall W. Frosyth on February 10, 2014, once computer technology leading enterprise--Apple company not only has produced many unimaginable and wonderful computerized gadgets, such as iPod, iPad, and iPhone for the modern society, but also has extended its energetic innovation to the finance world. Based on the article, recently Apple’s products have gradually lost its dominated position on the market competed with its counterparts such as Google Friday. Currently Google’s (GOOD) Android operating system has become the most popular software for the smartphones, notable phones and tablets on the cell phone market. Even though Apple’s lawyers sue the imitation of Android phones compared with Apple’s products, Google Friday has risen to the second-largest company in terms of stock-market value right behind Apple. In order to deal with those challenges, about weeks ago Apple’s Chief Executive Tim Cook told The Wall Street Journal that Apple had bought back $14 billion of its shares even though “he was surprised by the 8% drop[of its stock market price] on Jan. 28.” But Mr. Cook plans to continually accelerate its total $60 billion stock-repurchase program, and Apple has bought back $40 billion of its shares over the past 12 months. Meanwhile, he believes that repurchase program is a sign of confidence as his words, “we are really confident...
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...Table of Contents Executive Summary 3 Opinion of Value 4 Assumptions and Limiting Conditions 5 Business Overview 7 History of company 7 Services provided 8 Self-Service 8 À la carte Menu 10 Catering services 11 Education industry analysis and its impact on canteen business 12 Conclusion 14 Production Process 15 A la carte menu 16 Self-Service 17 Customers analysis 18 Suppliers 19 Human resources 20 Description of facilities 21 Furniture and Fitting 23 Equipment and Machine 24 Financial Analysis 25 Asset Valuation: Book Value Method 25 Market valuation method: The going market rate method 26 Income-based business valuation: Return on investment (ROI) method 27 References 28 Executive Summary Mr. Bernard, owner of the ABC Food Outlet, is contemplating to sell the canteen at the ABC University. Our Boss approached Mr. Bernard, upon hearing about the upcoming sale of the canteen, with a possible offer to buy the canteen. Mr. Bernard offered to sell the canteen for the price of RM500, 000. However, since he is not sure about whether the canteen is a good buy at the price of RM500,000 , the boss asked out team to carry out valuation of business and to hand him and business valuation report for the canteen at ABC University. In this report, valuation of business for the ABC Food Outlet will be carried out. The ABC Food Outlet is located on the campus of ABC University and has been in business at the ABC University for the past 15 years. The aim...
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...Mongolian Grill Operations Case Analysis Management of Organizations COMM1006E-02 Executive Summary John Butkus is set to open his second Mongolian Grill in just over a month, to be located in Waterloo, Ontario. Mr. Butkus who currently owns another Mongolian Grill in London, Ontario is debating if he should change the current floor plan for the Waterloo location after observing wait times in London. A design that would allow for customers to eat faster without taking away experience as well as a design that would increase total profit. Mr. Butkus has many potential design options to choose from. Choices must be made to include one additional food prep area which includes a food bar and sauce, oil, and spice bar. Whether or not to centralize the location of the grill which would add more counter space. He could also choose to only include one of the features above or none at all. Lastly Mr. Butkus could hire a firm that specializes in restaurant design so that an optimal design is used. After examination based on the London’s location wait times it is advised that Mr. Butkus put in both the additional food prep area and the extra counter space. This recommendation will allow for the restaurant to reduce wait times, which will increase turnover rates as more customers can be seated on a nightly bases. Financially this option does not cost much as the purchase and installation is rather cheap and only two additional workers will be needed to cover the busy periods (Thursday...
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...Jean Louise “Scout” Finch - The narrator and protagonist of the story. Scout lives with her father, Atticus, her brother, Jem, and their black cook, Calpurnia, in Maycomb. She is intelligent and, by the standards of her time and place, a tomboy. Scout has a combative streak and a basic faith in the goodness of the people in her community. As the novel progresses, this faith is tested by the hatred and prejudice that emerge during Tom Robinson’s trial. Scout eventually develops a more grown-up perspective that enables her to appreciate human goodness without ignoring human evil. Atticus Finch - Scout and Jem’s father, a lawyer in Maycomb descended from an old local family. A widower with a dry sense of humor, Atticus has instilled in his children his strong sense of morality and justice. He is one of the few residents of Maycomb committed to racial equality. When he agrees to defend Tom Robinson, a black man charged with raping a white woman, he exposes himself and his family to the anger of the white community. With his strongly held convictions, wisdom, and empathy, Atticus functions as the novel’s moral backbone. Jeremy Atticus “Jem” Finch - Scout’s brother and constant playmate at the beginning of the story. Jem is something of a typical American boy, refusing to back down from dares and fantasizing about playing football. Four years older than Scout, he gradually separates himself from her games, but he remains her close companion and protector throughout the novel. Jem...
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...You’re in charge. Simply tell us which items you’d like, the quantity of each, and the services you want us to provide. Then we’ll present you with our plan. We handle food preparation, setup, and cleanup for you, so you can just enjoy the party! Sincerely, Fatima Onize Shaibu Owner Executive Catering Service (ECS) _Executive Summary Executive Catering Service (ECS) –Serving Culinary Masterpieces to Make Your Events Truly Unique and Memorable. We make your event/function a successful and unforgettable experience every time. Executive Catering Service (ECS) aims to provide their clientele custom made world class cuisine delivered with high quality service at very competitive prices that will fit every budget. Our goals are: To surpass and satisfy client requested cuisine by creating authentic regional food, when we say African or Chinese we mean Moroccan or Shanghainese. To serve organic whenever possible for healthier food. To ensure clients satisfaction always. To continuously give quality service each and every...
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...Nestle Refrigerated Foods Company Case Summary Nestle Refrigerated Foods in 1990 was planning to introduce a refrigerated pizza product to launch in the U.S market after its successful enter to refrigerated Pasta and Sauces market in 1987. Nestle was accustomed to taking risks. Prior to launch of Contadina pasta and sauces, Nestle did the following: acquired a small company at a premium ensuring first-mover status invested heavily in distribution to avoid spoilage rates U.S market was undeveloped in 1987 utilized brokers to sell the products as opposed to conventional salesforce Prior to the launch of Contadina Pizza, however, a thorough check of business viability was in order. 1. Characters NRFC: Nestle Refrigerated Food Company, 100% subsidiary of Nestle Mr. Cunliffe: President of NRFC, hired in 1987 Carnation Co: a food company purchased by Nestle in 1985, put under NRFC Contadina: Carnation’s existing brand name for an Italian food product line Lambert’s Pasta & Cheeses: NY based incumbent local fresh pasta company purchased by Nestle in 1987 MRD: market research dept in Nestle helping its subsidiary’s new product development BASES: A market research company Nestle frequently uses in new product launch Kraft: Major competitor of Nestle 2. Time Line 1987: Nestle purchased Lambert’s and started survey of refrigerated pasta national market. 1988: Entered refrigerated pasta market using “Contadina” brand name, $75M retail sales. 1989: Refrigerated...
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...Assignment Question Lecturer : Mr. Alisher Course : BSc in Banking & Finance Assignment Cover Sheet Number | Name of Student | ID Number | 1 | Xxx xxx | xxxxxx | Submitted on Due Date? Words Limit Observed? Table of content Executive Summary Introduction Business overview of Colgate Company Question 1 Describing international business method (s) the company used to tab into the international market. Discuss why the chosen international business method (s) is an appropriate and/ or inappropriate one Question 2 What are the major risks faced by the company in its international operations? How does the company manage these risks? Question 3 Discuss how the company makes use of the international credit market to its benefit? Conclusion References Appendices Tables Graphs Question 1 Describing international business method (s) the company used to tab into the international market. Discuss why the chosen international business method (s) is an appropriate and/ or inappropriate one For my individual report I have chosen Colgate Company which has international operation over 200 countries and 3 billion consumers over the world with net sales $18 billion in 2012. Today the company is worth $52,419,447,369 and has 4,226,677 shares at price $115 each. Here is Summary of market price of the company in appendix Table 1. Company’s key people for its rapid growth are Chief Executive Officer- Ian Cook, Senior Vice President-Joseph Jimenez...
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...| 2014 | | MGT 306 | [Apple Inc] | [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] | Introduction into Apple: Apple Inc. was founded in 1976 and incorporated in 1977; it is headquartered in Cupertino, California. Apple’s focus is designing and developing personal computers and other software programs and portable devices. Apple’s mission statement is “Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.” Apple’s vision statement captures their approach to the market and goals. The vision statement is “We believe that we are on the face of the earth to make great products and that’s not changing. We are constantly focusing on innovating. We believe in the simple not the complex. We believe that we need to own and control the primary technologies behind the products that we make, and participate only in markets where we can make a significant contribution. We believe in saying no to thousands of projects, so that we can really focus on the few that are truly important and meaningful...
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...CHAPTER I. INTRODUCTION A snack bar usually refers to an inexpensive food counter that is part of a permanent structure where snack foods and light meals are sold. A beach snack bar is often a small building situated high on the sand. Besides soft drinks, candies and chewing gum, some snack bars sell hot dogs, hamburgers, french fries, potato chips, corn chips and other foods. While this is usually the case, sometimes "snack bar" refers to a small café or cafeteria. Various small, casual dining establishments might be referred to as a "snack bar," including a beverage and snack counter at a movie theater and/or a small deli. Many places that have snack bars have a "No Outside Food or Drink" policy, to encourage sales. The first known use of the word "snack bar" was in 1930. A snack food or commonly called snack is seen in Western Culture as a type of food not meant to be eaten as a main meal of the day, unlike breakfast, lunch or dinner but rather a assuage/moderate a person’s hunger between these meals, providing brief supply of energy for the body. The term way also refers to a food item consumed between meals purely for the enjoyment of its taste. Snacks are terrific way to satisfy hunger and get all the vitamins and nutrients your body needs. For people who has hectic schedule on school, work, travelling and other activities, it may feel like there’s no time for healthy eating. When trying to stop eating, it’s probably tempting to go the quick...
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...financial handling, sex, children and abuse. Seemingly, abuse is something that is more tolerated and unmentioned as a code of silence on both sides of the relationship, this is usually the case because the victim (man/women) is too ashamed to mention the abuse, and unless either witnessed or displays visible signs of abuse it will be tolerated until the victim has had enough, or unless death occur. Society is beginning to realize that domestic violence is an increasing growing issue and must continue to work towards implementing programs to decrease it within the homes. The myths! Which are outlandishly ridiculous, with the mitigating factor being the distortion of subconscious beliefs of these myths that leads to abuse; The Super Bowl Sunday myth seems to grow wings and fly because of media, who stated that every year domestic violence rates were higher because of the outcomes of games, this myth was never proven. Then there is the military myth that men in the military where more abusive then men in any other profession. As I previously stated, the media has a lot to do on how the reporting of domestic abuse is perceived by the public, as we all know and especially for those that have lived domestic abuse first hand knows that the media can be sexist. The perfect example would be the story that Cook used in his...
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...Eddoo to court for purchasing her and keeping her as a slave. She testifies against him in court and it brings out a stir of emotions along with what she and others believe is slavery or not. Magistrate Melton’s conception of slavery clearly illustrates that he does not have the same as Abina. Legally, he believes there is no slavery. He does not want to start a war against the Asante again because it was very expensive, and would cause a disturbance if they went around liberating slaves. James, counsel to Quamina Eddoo, does not believe this is slavery at all. He believes they are being protected by important men and if all “so called slaves” wanted to sue their guardians for doing work or getting little beating, then it would be chaos. Mr. Davis does not see it that manner. He believes the British is of great power and should protect this young girl from this kind of system. He believes they have a right to live free Abina claims she was unlawfully enslaved because she had no rights and was purchased. She was only allowed to eat after everybody else and that was if they were any scraps left. She claimed she knew she was a slave because she could not look after her own body and health and had no will of...
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...Ethnic Food Restaurant Business Plan 1.0 Executive Summary Our initial statement to Investors and Financial Lenders is a candid disclosure of the Zara Restaurant & Lounge business proposal - our intent is to set realistic business expectations, and eliminate any questions about the profitability of this business venture. Entrepreneurs have a tendency to paint the business plan with a very optimistic brush, highlighting strengths and camouflaging the risks. We, as business owners, have a vested stake and financial commitment in the success of this restaurant. Our intent is to have a definitive business, financial, and marketing plan that not only serves our need for capital financing, but is utilized as our daily business roadmap. We have taken all precautions to validate our business and financial models, focusing on realistic projections. We have accomplished this as follows: Our financial model is rooted in industry facts, not optimism. We have based costs on our vast industry and practical experience with similar ventures, validation against National Restaurant industry cost averages, and analysis against local Atlanta market averages. We have taken a collective look at all figures to make solid business estimates. Our business concept was derived from detailed Market Analyses. Instead of building a business around a preconceived concept, we analysed the market findings and built a concept around our consumers. In other words, our business is built to service an...
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