to move its company in a new direction. Enron began trading the energy contracts and financial instruments known as derivatives. A derivative is an item that values is determined from the value of its underlying commodity. This allowed Enron to enter a contract with a utility company and this would guarantee the price for that utility at a date that was determined by the contract. Enron would then enter into another contract, but this time it would be with a supplier of the
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difficult to fully express in words. This is the norm for most employees in the organization, they sense it and know it is their daily behaviors. Organizational cultures may vary from having a weak ethical culture to a strong one. "Consensual relationship agreements," the legal name for the love contracts, became the office buzz word about eight years ago in the wake of former President Clinton's relationship with former-White House intern Monica Lewinsky. White House Corporate counsels grew fearful
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Learning Unit 1: Introduction to Entrepreneurship Define and compare entrepreneurship and intrapreneurship. Entrepreneurship: Entrepreneurship is the process of conceptualising, organising, launching and — through innovation — nurturing a business opportunity into a potentially high growth venture in a complex, unstable environment. Entrepreneur: Entrepreneurs are those individuals who discover market needs and launch new firms to meet those needs. They are risk takers who provide an impetus
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Saquoia Cox Professor Currie ACC647Z2 3 October 2015 Legal and Ethical Issues Business Owners Face Legal and ethical issues play a big part in the operation of a business for many owners. Business owners have to take into account many issues such as legal, regulations, safety, liability and brand of the company. Business owners must know their legal responsibilities and code of ethics, because they have to adhere to both when running a business. Many business owners face these issue everyday
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| 9 | National Minimum Wage | 9 | Main Points of Equalities Legislation | 10 | Direct Discrimination | 10 | Indirect Discrimination | 11 | Harrasment | 11 | Victimisation | 11 | The Concept of the Psychological Contract | 12 | Types of Psychological Contracts | 12 | Issues To Be Addressed At The Termination Of The Employment Relationship | 13 | Fair and Unfair Dismissal | 13 | The Importance of the Exit Interview to Both Parties | 14 | Key Stages of Redundancy | 14 | Planning
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1. Summarize the benefits of using automated software tools to manage staff access to Internet content and e-mail. (10 marks) In today’s information age, using Internet at the workplace is essential for business. Having said this, statistics show that a majority of employees use the organisational resources for doing personal work such as social networking, email, online shopping, etc. Also a number of employees engage in activities that might cause problems for the organisation financially and
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ACCT 1201 Lecture Notes – Hurley Spring 2016 Chapter 1 * Chapter 1 Learning Objectives: * Recognize the information conveyed in each of the four basic financial statements and the way that it is used by different decision makers (investors, creditors, and managers) * Identify the role of generally accepted accounting principles (GAAP) in determining financial statement content and how companies ensure the accuracy of their financial statements. * Why do we need financial
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Running head: PROBLEM SOLUTION: LAWRENCE SPORTS INC. Problem Solution: Lawrence Sports Inc. Veronica S. George University of Phoenix/MBA550 Problem Solution: Lawrence Sports Inc. Lawrence Sports generates $20 million in yearly revenue by manufacturing and distributing sporting goods protective gear for team sports. The main issue with Lawrence is that they depend solely on world leading retailer Mayo for the bulk of their revenue and only have two sources
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that causes benefit to few but harm to large number shouldn‟t be done. Ethics is not simply the absence of a negative; it is not a list of „rules‟ we should follow and „regulations‟ we should not break. Rather, it is a vibrant code that expresses our values. When we live an ethical life or run an ethical business, it means our decisions, policies and behaviour are all congruent with our values. These values lay the vision for the world. 1|P ag e INTRODUCTION In a resource rich country like
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Controllability* 1. Customer Changes to the brief and/or scope of work contract Low High medium 2. equipment Failure to order on time resources Low High High 3. Interruption to Supply Location to major suppliers must be identified in relation to season, geographic area, & natural disaster. organization high medium medium 4. design Movement of existing structure natural Low Medium medium 5. bid price May be higher than budget allowance. contract low High high 6. financing Failure to secure sufficient
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