conditions. And since there are some people who are willing to bear this risk instead of us, this market took off and recently because of the communications revolution it flourished. Then why these financial derivatives did not reach the Arab world? The answer is simply because they hugely rely on speculations and anticipation; which are considered illegal according to Islam. But someone can ask: if it is illegal in Islam, then how come we couldn't Islamize them as we managed to Islamize the banking industry
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Privatization Multinational Corporations Summary MINI CASE: Nike and Sweatshop Labor APPENDIX 1A: Gains from Trade: The Theory of Comparative Advantage What’s Special about “International” Finance? 1) What major dimension sets apart international finance from domestic finance? a) foreign exchange and political risks b) Market imperfections c) Expanded opportunity set d) all of the above Answer: d 2) An example of a political risk is a) Expropriation
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CHEATING Definition Cheating is defined as the intentional act of breaking the rules, or attempting to achieve personal gain through fraud or deceit.16 To cheat is to deprive of something valuable by the use ofdeceit or fraud, to influence or lead by deceit, trick, or artifice, to practice fraud or trickery, to violate rules dishonestly, or to be sexually unfaithful.11 A cheater (sometimes called acheat) gets something by dishonesty or deception; or by depriving one of his or her rights and usually
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problem (Sorkin). The firm filed for bankruptcy with about $639 billion in assets and about $619 billion in debt, which makes its bankruptcy filing the largest in history, while its assets surpassed the assets of the previous bankrupt giants like Enron and WorldCom. According to Qatinah (2012), the organization was the fourth largest US investment bank at the time it collapsed, with more than 25,000 employees. The history of the Lehman Brothers can be traced back to 1844 when Henry Lehman travelled
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THE BARD & CO Book Review - The Bard & Co: Shakespeare’s Role in Modern Business Editors – Jim Davies, John Simmons & Rob Williams Published – Cyan Books Year – 2007 Place – London No author perhaps has had the kind of influence Shakespeare has had on our lives in different forms. This book is another example of Shakespeare’s influence, this time on the business world of today. Twenty six contemporary writers have paired with a Shakespeare play and one of the lead actors of the First
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A Blueprint for Corporate Governance Fred R. Kaen AMACOM AMERICAN MANAGEMENT ASSOCIATION A Blueprint for Corporate Governance This Page Intentionally Left Blank A Blueprint for Corporate Governance Strategy, Accountability, and the Preservation of Shareholder Value Fred R. Kaen American Management Association New York • Atlanta • Brussels • Buenos Aires • Chicago • London • Mexico City San Francisco • Shanghai • Tokyo • Toronto • Washington, D. C. Special discounts on
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Licensed to: iChapters User Licensed to: iChapters User Fraud Examination, Fourth Edition W. Steve Albrecht Chad O. Albrecht Conan C. Albrecht Mark F. Zimbelman VP/Editorial Director: Jack W. Calhoun Editor-in-Chief: Rob Dewey Sr. Acquisitions Editor: Matt Filimonov Associate Developmental Editor: Julie Warwick Editorial Assistant: Ann Mazzaro Marketing Manager: Natalie Livingston Marketing Coordinator: Nicole Parsons Content Project Management: PreMediaGlobal Sr. Manufacturing
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CHAPTER 2 ECONOMISTS’ VIEW OF BEHAVIOR CHAPTER SUMMARY This chapter uses the cheating scandal at Merrill Lynch to illustrate how a manager’s view of behavior can affect decision making. It summarizes the economic view of behavior and contrasts it with other views. The chapter presents a graphical analysis of utility maximization and decision making under uncertainty. The concepts in this chapter are an important foundation for subsequent material in the book. CHAPTER OUTLINE
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Privatization Multinational Corporations Summary MINI CASE: Nike and Sweatshop Labor APPENDIX 1A: Gains from Trade: The Theory of Comparative Advantage What’s Special about “International” Finance? 1) What major dimension sets apart international finance from domestic finance? a) foreign exchange and political risks b) Market imperfections c) Expanded opportunity set d) all of the above Answer: d 2) An example of a political risk is a) Expropriation
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1) Which of the following (according to Charles Fombrum) is not one of the four determinants that influence a company's reputation? a. Credibility. b. Reliability. c. Profitability. d. Responsibility. 2) The 5 E's of the accounting profession in Texas are Ethics, Enthusiasm, Education, Examination and Experience. a. True b. False 3) The P in CPA stands for Public? a. True b. False 4) The difference between what the
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