...In this article which was prominently featured on the Economist’s website on November, 21, of 2012, undertook the challenge to argue that the American poor are in dire need of aid and support. The writer, or possible writers, from the Economist put the case forward that America’s poor in the 2012 election campaign cycle were forgotten about. This article captured my interest, because I’m from a family whose income is around poverty level. Founded in September of 1843, The Economist is an English-language based newspaper owned by the Economist Group. The Economist publication is well-known in the U.S. and Europe. The Economist is compelling, because of its thorough research, excellent word choice, and overall well detailed reports that convince...
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...motivation, opportunity, and rationalization. The first factor, motivation, can also be seen as an incentive or pressure. Motivation can include personal failures, gaining status, or poor relations between an employer and employee. The second factor of the fraud triangle, opportunity, builds upon an individual’s desire and pressure to commit fraud. Without a perceived opportunity to do so, the individual most likely will not act upon his or her motivation. An opportunity can be the awareness of the company’s poor internal controls and the individual’s access to the information, as well as the technical skills needed to actually commit fraud. Rationalization, the third aspect of the fraud triangle, revolves around how the individual justifies committing fraud. Usually, individuals who commit fraud are first time offenders, so rationalization plays a key component. Examples range from unfair treatment, to the intent to reverse the fraud after some time. With regards to the Comptronix fraud, the three individuals who committed fraud are Hebding (chairman and CEO), Shifflett (president and COO), and Medlin (controller and treasurer). Looking at the three fraud conditions, their motivation may have stemmed from the loss of a key customer in 1989 to their previous employer, SCI, keeping up with their high status and reputation, bonuses, and poor personal relationships. Secondly, the executives all had the opportunity to commit fraud. With their high and multiple positions, they controlled...
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...University of Phoenix Material Thesis Statement and Informal Outline Worksheet In this course, you will write a 700- to 1,400-word Personal Responsibility Essay, due in Week Five, which includes the following: • Definition of personal responsibility and what it means to you. • Explain the relationship between personal responsibility and college success. • Include a preliminary plan to practice personal responsibility in your education. This week, using the Center for Writing Excellence resources, provide the thesis statement and informal outline for your Personal Responsibility Essay assignment, due in Week Five. Thesis Statement: Personal Responsibility is being held accountable by yourself, peers, and superiors for what you do or fail to do. The reason I include peers and superiors in my definition is because in a class room environment we all are responsible for gathering resources, planning and organizing in efforts of completing all assignment in in a timely and efficient manner. When we are giving group assignments, it is essential that all students identify and understand their individual roles, responsibilities, and completion date. At this point we become responsible to each other and it becomes imperative that we all complete our individual tasks prior to a set suspense date, so that all parties involved can compile all information and submit a finished product on time every time. In order to succeed...
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...being so affected when I am directing my mind to the acts or omissions which are being called in questions’ (Donoghue v. Stevenson 1932). • The application of the Neighbour Principle is subject to the requirement of: - Reasonable foresseability - Sufficient proximity by reference of cause and effect (the relationship between the defect of the brake and the car accident) Bourhill v Young [1943] - It is reasonable to impose such duty on the defendant (Caparo v. Dickman Plc 1990) • Customers are neighbours of the hotel, so the hotel owned a duty of care to the costumers’ personal safety and their financial interest under the neighbour principle. • In this case, Hotel de Summer should reasonably foresee that both the door lock jammed and the water not mopped would likely to injure the customers’ financial interest and personal safety. Breach of Duty • Once the duty of care has been established, the plaintiff should also prove that the defendant has breached that duty. • To consider whether the defendant has...
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...INTRODUCTION Beginning a new church-planting project is a task that requires much responsibility and effort. It is not a light-hearted venture. Nor is it a task that has a one-size-fits-all model or method. Each church plant has unique elements because it reaches unique people in unique places throughout the world. It is a humbling yet exhilarating experience to be called by God to this task of planting a church among a specific group of people. This paper will discuss the work of planting a church among the poor in the city of Barreiras, in the country of Brazil. Included in this paper are demographic data that influence the strategies and methods chosen for planting the church. Also included are various factors of strategy and methods to be implemented in this church-planting endeavor. May God be glorified in this work and may the local body of Christ in Barreiras, Brazil one day be a shining light that reaches people with the gospel of Christ and reproduces itself in other church plants throughout the region and the world. DEMOGRAPHIC DATA OF BARREIRAS The city of Barreiras is situated in the Northeastern part of Brazil, in the state of Bahia. The region is a plains region where farmland is abundant. The climate of Barreiras is arid and hot. There is a rainy season from November to January. The rest of the year has little to no rainfall. Even though there is little rainfall during most of the year the region makes it’s living by agricultural farming and...
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...ECONOMICS FOR MANAGERS T3.2013 Assignment Due date: Nature: Assignment Overview: Monday, January 13, 2014. Individual assignment. This assignment is partly based on the attached article published in The Australian on April 26, 2012 entitled “Poor bear brunt of ‘nanny taxes’” by Adam Creighton and a paper written by Sam Oldfield on August 7, 2013, “Cigarette Tax Hike Defies Economic Logic.” Please read the articles carefully before attempting the questions. You will be required to demonstrate your understanding of economic concepts taught in the unit and relate them to the cases in the articles. This assignment is designed to encourage you to think about the applications of economic concepts learned in this unit to real world scenarios. Based on the attached Rubric, your assignment will be graded on your use of appropriate economic theory and concepts, clarity of exposition and overall quality of your answers. Your answers should follow “Guide to assignment writing and referencing”, available at this link: http://www.deakin.edu.au/currentstudents/assets/resources/study-support/study-skills/assignref.pdf. Answer all questions. Limit the total word count of your assignment to less than 3,000 words. Depth is encouraged over breadth: that is, it is more important that you demonstrate you understand a concept fully, rather than talk about 3 related concepts only cursorily. You are encouraged to use diagrams/examples in your answers when appropriate. 40 marks. Allocation as indicated...
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...CHAPTER 11 ANSWERS 11-1 The four financial statements contained in most annual reports are the balance sheet, income statement, statement of retained earnings, and statement of cash flows. 11-2 No, because the $20 million of retained earnings probably would not be held as cash. The retained earnings figure represents the reinvestment of earnings by the firm. Consequently, the $20 million would be an investment in all of the assets of the firm. 11-3 Liquidating assets, borrowing more funds, and issuing stock would constitute sources of funds. Purchasing assets, paying off debt, and stock repurchases would constitute uses of funds. Thus, the following general rules can be used to determine what changes in balance sheet accounts represent sources and uses if funds: Sources of cash: Uses of Cash: ↑ in a liability or equity account ↓ in a liability of equity account ↓ in an asset account ↑ in an asset account 11-4 The emphasis of the various types of analysts is by no means uniform, nor should it be. Management is interested in all types of ratios for two reasons. First, the ratios point out weaknesses that should be strengthened; second, management recognizes that the other parties are interested in all the ratios and that financial appearances must be kept up if the firm is to be regarded highly by creditors and equity investors. Equity investors are interested primarily in profitability, but they examine the other ratios to get information...
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...This particular case study is about a conversion between an employee and his apparent boss at the Wilson Construction Company. The employee, Walt Henderson, works at WCC as a drafting technician. He has brought his own personal project from home to work on during assigned work hours. His boss, a man named Ken, feels that this sets a poor precedent for the other employees and reminds him that his actions are inappropriate. Walt counters this by commenting that he has not only already finished his assigned work, but also worked at home to finish other company materials. He feels that this should entitle him personal time at work since he gave up time at home for company work. This case study is an excellent example of how attitudes, mainly Walt’s toward his use of time, play an important part in actions, feelings, and behavior in the workplace. Attitudes at work, such as Walt’s about his use of company time both at home and at work, are evaluative statements about objects, people, or events in the workplace. In this paper, I will evaluate how the situation at work for Walt concerning his attitude towards work, his boss, and his time spent at home and work. I will also evaluate Walt’s discourse in order to try to predict his future behavior at work as well as comment on how Walt’s supervisor, Ken, should handle the manner in which Walt’s attitude affects his performance at work. Walt’s attitude towards work is mainly negative, especially in terms of how his time is regulated. Walt...
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...MGMT 3720 Assignment #1 An evaluation of this selective case study reveals a work environment at the Wilson Construction Company with a discussion between an employee and his supervisor. The employee, Walt Henderson, works at WCC as a drafting technician. He has brought his personal project from home to work on during assigned work hours. His supervisor, a man, named Ken, feels that this sets a poor precedent for the other employees and reminds him that his actions are inappropriate. Walt counters this by commenting that he has not only already finished his assigned work, but also worked while home to finish other company materials. He feels that this should entitle him personal time at work since he gave up time at home for company work. This case study is an excellent example of how attitudes, mainly Walt’s toward his use of time, play an important part in actions, feelings, and behavior in the workplace. Attitudes at work, such as Walt’s about his use of company time both at home and at work, are evaluative statements about objects, people, or events in the workplace. In this paper, I will evaluate the situation at work concerning Walts attitude related to work, his boss, and his time spent at home and work. I will also evaluate Walt’s discourse in order to try to predict his future behavior at work. In conclusion, I will suggest alternative ways on how Walt’s supervisor, Ken, should handle the manner in which Walt’s attitude affects his performance at work...
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...environment at Koss Corporation in the years leading up to the fraud was inadequate. The structure of the Board of Directors was poor and the management did not place enough importance on financial reporting. These reasons allowed Ms. Sujata Sachdeva easily make unauthorized wire transfers, without being caught by either the management or the auditors – the people responsible for detecting fraud. The poor structure of the Board of Directors was one of the main reasons that the unauthorized transactions went unnoticed. First, there was only one person managing and assessing the internal control system. According to the Sarbanes-Oxley Act (SOX), non-accelerated filers require the CEO and CFO to separately perform an assessment on the internal controls over financial reporting (ICFR). However, in the case of Koss Corporation, both the CEO and CFO were the same person – Michael Koss. Therefore if he implemented a defective the internal control system, there was nobody there to correct him. Furthermore, the company’s auditor, Grant Thornton, was not required to, nor did they assess the effectiveness of the ICFR. They simply designed their audit of financial statements based on the manager’s report of the ICFR. Consequently, if Michael Koss incorrectly told Grant Thornton that the company had an effective ICFR, Grant Thornton probably designed a financial statement audit with little skepticism. Another problem with the structure of the Board of Directors was the lack of independence....
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...company to reach its full potential. By implementing our recommendations CanGo can look forward to building a stronger company foundation, a growing presence in the online gaming market place, and a general increase in company moral In this first analysis report we will be going over six most important issues that CanGo will have to address immediately in order to guarantee continuous company growth and longevity in the market place. These issues include: 1: Company Mission and Vision statements 2: Goal setting and deadlines 3: Strategic planning 4: Workplace communication 5: Management skills 6: Market research Now that we have provided our six main focus areas for improvement, let us dive into the matter further by discussing and exploring each of these issues in greater detail to show how they really affect the overall success of your company, followed by our recommendations and suggestions to how CanGo can potentially fix these problems. Concern 1. Company Mission and Vision statements CanGo is a young up and coming company with a lot of heart and passion at the nucleus of its success. The founder and CEO Elizabeth is very ambitious, resourceful and motivated to see her company succeeds in this tight nit marketplace...
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...Robin Hood Case Analysis The Mission The mission began as a personal crusade against Robin Hood and the High Sheriff of Nottingham. Alone, Robin Hood could not do much. Therefore, he sought out allies, men with grievances and a deep sense of justice. By doing so, he welcomed all who came, and only demanded a willingness to serve in his revolt against the Sheriff. SWOT Analysis Strengths: * Robin Hood is a strong leader * Strength in numbers * Strong support of the poor people Weaknesses: * Fast depletion of the food supply from the forest because of the growing numbers of men * It was becoming harder to enforce discipline and vigilance was declining * Scarcity of supplies was becoming a problem. Opportunities: * Accepting the invitation to join the Barons; who had planned on collecting the ransom that would release King Richard from his jail in Austria in return for Robin’s future pardon. * Kill the Sheriff, and thereby ending his reign in Nottingham * Change the policy of “Rob from the rich and give to the poor,” to one of a fixed transit tax. Threats * Increase military capabilities of the Sheriff * Strong sense of revenge by Prince John * Sheriff has political connections Recommendations Robin needs to change the mission statement to represent his band and not make it about his personal crusade against the Sheriff. Similarly, by developing a vision statement, this will help guide the band to where they want to be in the...
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...I. Problem Statement 1. Internal and external communication networks are media (technology) rich and face-to-face poor. 2. Existence of high language Barriers. 3. Poor employee communication skills starting from the management level. II. Statement of Objectives: 1. To induce more on personal means of communication network. 2. To improve on the communication skills of employees from management level to subordinates. III. Areas of Consideration: Strengths: • High ratio of technical employees. • High numbers of employee can speak with its native language. Weakness: • Company lack knowledge to assess and remedy its communication problem. Opportunity: • High ratio of skilled employees. • Utilize employee’s capability to communicate with its native dialect in communicating with customers of same backgrounds. Threats: • Possible resistance to change from leaders of the organization. IV. Assumptions: 1. The leaders of the company are unaware of the various communication-related problems. 2. No established department or group to handles communication related issues. V. Alternative Courses of Action: 1. Alternative Course of Action - I Recommend a regular time schedule for personal communication/dialogue among departments and employees. 2. Alternative Course of Action - II Propose the creation of a technical working group to review various communication problem of...
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...published articles in the Prague Post, the Prague Pill, Reason, and the New Republic. Zaitchik’s article attempts to convey the idea that Mexico’s economy is forcing people to take desperate measures in order to survive. He uses his experience with a border crossing simulation as a way to lure the reader into the article. Zaitchik then proceeds to use statistical evidence to enlighten the reader about Mexico’s economic dependency on migrant workers. Zaitchik travelled to Mexico to learn about and participate in the border crossing simulation. He effectively uses his experience with the border crossing simulation, its participants, the Otomi people and his knowledge of the Mexican economy to effectively present his argument. Zaitchik’s personal experience and knowledge of the Otomi’s plight supplement his argument. He provides a series of facts and anecdotal evidence to show the emergence of a border crossing simulation in Mezquital Valley as a prelude to a bigger problem, Mexico’s economic dependency on migrant workers. Zaitchik states that the Otomi, the indigenous people of Mezquital Valley, lost 90% of their working class to migrant workers (258). Many of the Otomi migrant workers make the trip north to work seasonally, but many are unable or unwilling to return (259). The author’s use of these facts establishes that the Otomi was left with a population that would not be able to sustain their local culture or the community’s economy. This forced the remaining population...
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...that I am really interested in this topic is because of the widespread of this situation in my home country-China. There are so many individuals or even big corporations use their relationships to avoid paying the full taxes. It causes the government has less money to help many poor rural areas in my country. Many children in those areas can’t have the chance to study or live in healthy conditions. They are even in the lack of many basic living resources such as clean water. Also, the Medicare in China is not that thorough, some poor people can’t afford the money to do the surgeries, so they dead. That is because of the tax collection is really difficult to do. The regulation is hard to be workable, and it is hard to check whether there is something wrong in the statement, because of the huge amount of statements. Thus, it is essential to discuss some causes, results and possible solutions for this problem. There are many potential solutions that people came up with, such as laws, regulations and fraud detection software, but in order to solve the problem completely, more divisions of offices and clearer laws need to be developed. The style of my introduction is anecdote, since I used the personal experience in China to describe the serious situation of the accounting fraud. It gives the introduction more details and more joys to read. Conclusion: The divisions of more offices of SEC and clear responsibility for the executives will be really beneficial and pretty workable...
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