Essays on Bad Faith

Introduction

Technology has taken most of the sections in the world and brought new developments. The financial sector has embraced the change and used it to improve all the operations. Information and technology advancements have improved the banking system which ensures customer satisfaction, makes easy the operations of the workers and the financial industry is able to improve. As time moves on, more improved methods are being discovered, which the financial industry can adopt to help improve their operations. With the improved functioning, clients can be able to manage their investments and savings thus resulting in value addition (World Bank., & ...

Background

Today, the financial industry is more regulated than any other time in the history of economic globalization. However, the lack of fundamental professional behavior, ethics, and compliance raises the important question whether the current financial sector in Australia is destined for an endemic future. The persistent fraud cases in the Australian financial industry paints an impression that behaviors are yet to change even after experiencing the global financial predicament that emanated from the US. The recent ANZ suspected interbank interest rate rigging, CBA’s CommInsure denial of compensation to legitimate claims from terminally ill patients, and the Macquarie Group ...

Benford's law also known as the first-digit law deals with the distribution of natural numbers in which it tends to major into their importance regarding significance. The law states that given any arrangement of natural numbers, the smallest number always seems to be the most significant while the largest number in the collection is always the least significant. Therefore, number 1 appears to be the most significant in any given combination of natural numbers 30% of the times. While on the other hand, number 9 appears only 5% of the times as the most significant number. The law states ...

An Assignment Submitted by

Narrative Report After a thorough investigation, it was revealed that two individuals, namely Mr. Smith, the associate director of purchase and Ms. Bad, his administrative assistant, implemented a fraudulent scheme using the corporate funds for their personal gains. The analysis of the evidence determined that these two individuals managed to buy items for personal use instead of the planned corporate purchases. This activity resulted in the loss of $8,795.60 of corporate funds. The investigation came to the conclusion that the main culprit of the fraudulent scheme was Mr. Smith due to his status as the associate director, the ...

Introduction

MasterCard Incorporated is a multinational financial services provider listed on the New York Stock Exchange. MasterCard provides electronic payment cards and other financial services for banks in the United States and around the world. This report will focus on the business environment within which MasterCard operates and how its internal and external environments interact to define its current status as financial service provider. This will include the company analysis which will be an inquest into the internal elements of MasterCard and its activities. The competitors and competition processes faced by MasterCard will be considered. Then the research will provide ...

Jim and Laura intend to buy a car, and upon visiting a dealer, they agree to give $100 deposit to hold the vehicle for a day. However, Jim and Laura later change their minds on purchasing the car upon which the dealer insists that the $100 deposit was meant to be part of the contract to purchase the car. The case raises important issues with regard to contract law. Therefore, before analyzing the facts of the case, it is essential to evaluate the various aspects that constitute a legally binding contract. An essential element of a legally binding contract ...

Re:

Introduction

In 2000, the Chief Executive Officer (CEO) of Qwest, Joseph Nacchio, was charged civil and criminal liabilities after it has been found that he violated the provisions of GAAP against fraud and insider trading. He was sentenced to six years in prison in 2007 and was slapped with a $19 Million fine and a forfeiture order for proven illegal stock sales transactions worth $52 Million. In this memo, the author discusses the different aspects of Qwest’s case, emphasizing the role of GAAP and the PCAOB.

The Generally Accepted Accounting Principles (GAAP) refers to a standard framework of ...

Business Proposal

The success of any depends on factors such as capital, assets and labor. All the resources are essential for the achievement of a company’s goal. There has to be effective coordination of the elements, as each has its contribution. However, the factors do face particular challenges such as fraud and theft. The theft could be of company property, intelligence and money. Most of the time, you would find that employees are the ones performing the act of stealing. The presence of such issues tends to do more harm than good. On a minor side of the issue such ...

Possible Deliverable

The client expects that certain standards are developed in the newly merged organization that sets the guidelines for expected and unexpected behaviour. It is obvious as the merger has created a precarious situation for the employees from both companies as they must have learned different guidelines during their employment term at PALEDENIM or UWEAR. Therefore, to settle employees and educate them about the new guidelines in the merged company, it is best if a new set of guidelines is developed that settles the employees from both companies. These guidelines will become part of the new code of conduct for ...

In Soviet Deception in the Cuban Missile Crisis, James Hansen argues that Moscow’s central tenet has always been “to prevent an adversary from discovering Russian intentions by deceiving him about the nature, scope, and timing of an operation,” conceding the idea that there exists a pattern of covert political or militaristic tactics at work in the world. The clandestine affairs nature of world affairs, politics, and strategic military moves between superpowers has always raised curiosity of how individuals act, plan, and engage behaviors that intertwine uncertain outcomes. In the case of the Cuban Missile Crisis, according to the ...

One of the considerations that the HR person should have is the individual’s skills and performance. This would address the person’s actual job tasks. The person’s abilities would also be a consideration. The abilities vary from physical, mental and stamina abilities that are required to perform the job effectively. The person’s integrity is also a consideration. The HR ought to be interested in the applicant’s attitudes, honesty, dependability, reliability and trustworthiness especially because they will have high-level access to the company. The HR should focus on the applicant’s likelihood to engage in inappropriate ...

COLEEN COLOMBO AND COLLEAGUES RESIST MORTGAGE FRAUD

SYNOPSIS The year 2004 had impacted the life of US citizens in various ways. It provided opportunities for the citizens to be the homeowners. The case study is based on that time period. Coleen Colombo was one of the employees of BNC in the California Branch. Coleen was a senior underwriter in the company since 2003. The branch performed several duties related to providing loans to the clients and as an employee of the company Coleen did an outstanding job in her position. However, the thing ended up with some unexpected outcome and provocation suit was recorded in the ...

Initial Individual Proposal for Final Project

I. Conceptual Definitions: Discuss the concepts you are manipulating in the study. These are the theoretical definitions. IV 1: Attitude Level 1: Academic performance

Level 3: Choice of subject IV 2: Personality Level 1: Family background

Level 2: Previous school Level 3: Use of social media

Note: All levels must co-occur across factors. Identify what you measure in this study: Dependent Variable: Use of social media Is your DV nested within one IV? No [Your DV measure must not depend on one of your manipulated factors. For example, if you are investigating the effect of word presentation on memory (words presented auditorily vs. words presented visually), you cannot have ...

Activity 1

In determining whether or not Don can set aside the contract with Evan, it is important first to determine whether a valid, enforceable contract ever came into existence or was formed between the parties. According to MacMillan and Stone (2012), the essential elements of a valid contract include offer and acceptance, consideration, capacity, intention to create legal relations, and legality. In the present case of Done and Evan, a contract came into being when Don unilaterally accepted Evan’s offer in the form of advice to invest in his (Evan’s) new consulting business and went on to sign ...

Introduction

This report is a critical analysis of an ethical dilemma in the workplace. It will include the evaluation of the facts of the case in order to establish the fundamental issues and matters at stake. From there, a review of the fundamental theories of the situation will be conducted. This will culminate in the identification of the different approaches and views. Afterward, there will be the application of the theories to the facts of the case in order to conclude with recommendations on how to deal with the issues at hand. This will include the review of important theories ...

What is a 'Ponzi Scheme', how it Works and How does it Collapse?

A Ponzi scheme represents a fraudulent investment trick where the promoter pays return on investment to previous investors from the money invested by new investors instead of the money earned through profit or gain. Customers are promised to receive higher investment returns, compared to market averages, with no risk at all since they will be paid from the money provided by new clients. This investment scam requires an ample flow of clientele for powering the whole fraudulent system. A Ponzi scheme comes into existence when the promoter is able to cllect initial investment funds from a person. This scheme ...

Introduction

Schwab (2012) says that one of the pillar the improves an economies competitiveness is these is, the inevitability of a well-functioning economic system that distributes resources to high anticipated rate-of-return investments, regardless of the political standing of an individual. The economic system delivers the legal context and services required for the efficient working of a market economy. The government, in particular, plays a crucial role not only in ensuring that the resources available are allocated without bias but also in determining the right market structures for an economy. Putting forth the right market structures and even distribution of resources ...

The President,

United States of America. Introduction The concept of corporate ethics is widely accepted today. In order to stabilize the growth and development of the overall U.S economy, industries regardless of their nature or size must be instructed to follow certain ethical guidelines. In the current corporate environment, it is advisable for the U.S government to introduce three key changes to its corporate governance framework. First, there should be a single body or statutory regime to deal with corporate governance affairs in the country. Second, corporate ethics is essential to distinguish the roles of chairman and chief executive officer in ...

According to Barnet (2002), white-collar crime is defined as the crime committed by people that have respectable and high social status in different occupations and societies. However, the definition does not delineate the scope under which the criminal behaviors fall in white-collar criminality. The rise of white-collar criminality resulted from the difference in inattention given to it compared to the street level crimes where offenders were of low status. The definition of white-collar criminality varies depending on the type of offender, type of offense, and the type of organizational culture in which the crime is committed. For instance, the ...

Introduction

TSU has managed to build a business name in the industry in the past few years and has managed to maintain the name and increase the turnover due to the collective duty of each employee in the workplace. Hence, the success of the firm relies on the activities and actions of the employees as well as how they handle their duties and responsibility and ability to work together as a team. Despite the success of the firm, there exist potential areas that the employees can work together and steal from their employers. These are the areas that fraud could ...

In order for us to discuss academic integrity at “xx University”, we must first understand what it means to be part of a community. In simplistic terms, community is defined as a group of people. Usually this group of people share similar values, governance (laws and expectations), hobbies, interests, live in the same area, etc. We are all members of multiple communities. For example, if you live in the residential halls you are a part of your residential community; fraternity and sorority members are part of the Greek community; and we are all members of the “xx University”community.

“xx University” strives to create an environment where students can thrive both in and out of the classroom.

...

Is our election process fair to everyone?

Introduction The thesis of the paper is that despite the multitude of claims that the 2016 Presidential Election was rigged or unfair, America’s inclusive voter eligibility, the equal opportunity of citizens to run for office, and reliable ballot casting methods ensure that the election process in the United States is completely free and fair. The main purpose of the paper is to find a common ground among supporters and opponents of the basic research question. There are two different claims which support the fairness or unfairness of presidential elections in the United States, where the backing sides’ main ...

Grant-Kels, Kim, & Graff (2016) in their article discuss and analyze a case scenario of a patient Dr. TH who is concerned that over the course of time she has been visiting large multispecialty health care facility in order to manage her hypertension and hypercholesterolemia, the internist has always coded 99214 for all visits to each of the two physicians involved. Apparently, Dr. TH has worked in the medical sector and is familiar with the coding techniques and she therefore makes a decision to inquire from the practice manager of this facility who happens to have worked with Dr. TH ...

I work as a member of the Association of Certified Fraud Examiners. This week I was going to make a presentation in one of the universities of our country. I talk about the dangers and true occurrences of fraud. I was told about the identity theft of the professors of the university. At first, there were only two victims but then during a month their number increased to fifteen. All the victims noticed unexplained charges and credit accounts on their credit reports. I became interested in this case, that was why I decided to help them. We will try ...

Police officers are responsible for keeping peace in the country. They apprehend and pursue individual who breaks the law, solve issues of the community, enforce traffic law, arrest suspected criminal, investigate crimes and respond to emergencies. They are usually assigned to patrol particular areas to be familiar when inspecting suspicious circumstances. Training is significant before one becomes a police officer as it will expose him or her to a new situation to handle challenging tasks during the career life. I think the best education level of the police should be college degree level. The college degree level is ideal ...

Introduction

Earnings or Net Income is the single most important figure in a company’s financial statement for the average investor. Even a small fall in the reported earnings can result in the loss of millions of dollars in stock value and subjects company managements to scrutiny by investors and financial analysts. Corporate executives are under therefore under pressure to meet market expectations resulting in “earnings management”. Earnings manipulations can range from minor adjustments within the law and the accounting standards to the outright fraud of showing non-existing profits (Carruth, 2011). The Sarbanes- Oxley (SOX) Act of 2002 was enacted ...

Abstract

The Madoff Securities scandal was one of the biggest Ponzi schemes to hit America. This essay would examine the Madoff scandal from an audit perspective since it was the complacency (or collusion) of the auditors that encouraged the perpetrator of this scam. While the scam that was pulled by Bernie Madoff, was both large and difficult to spot, its detection also helped expose a crucial flaw that existed in corporate America at the time. This was the lack of regulatory oversight in the Securities business. While one could lay the blame for this scandal on the Regulator, another important ...

The aim of this paper is to discuss the fraud that took place in the Bayou Hedge Fund Group and its impact on the organization’s investors and creditors. The organization was established in 1996 as Samuel Israel III and a gathering of foundations and hedge funds were united as the originator encouraged them to in the long run bring $450 million up with the expectation that the fund would develop to more than $7 billion in a ten year time span. The way that the organizer utilized a portion of the cash for individual use alongside critical exchanging ...

Introduction

Crime is considered as a way of adopting ideas and techniques that break the ethical boundaries and governmental laws as well. The current paper tends to explore and elaborate the different aspects of crimes, their features, and their impact on the social order of the world. Correspondingly, the current paper tends to incorporate the studies of Beirne and Messerschmidt based on criminology to elaborate the primary features of the white-collar crime and political crime.

Discussion

It is evident in the studies of Beirne and Messerschmidt, “crime is referred to as an illegitimate and outlawedaction that can demonstrate to be hazardous ...

Embezzlement is a deliberate misappropriation of property by a fraudulent individual who is entrusted with the property. The fact that a legitimate office holder orchestrates the fraud makes it difficult to prevent its occurrence effectively. The success to deter such actions calls for a thorough recognition of the contributing factors that empower the embezzling officers, improvement of the control procedures, and a strict implementation of internal financial controls. The fraud triangle explains why people are lured into embezzlement and highlights three contributors of the vice; rationalization, opportunity and motive. This paper will examine the case for Baileys Books Inc. ...

There were several main red flags that were ignored or handled leniently by E&Y auditors in the audit of Health South. The most important were materiality in ledgers of fixed assets that were adjusted by including false entries and fictitious assets that did not appear in real. Another red flag related to the reality was noticed and ignored by the auditors that company’s officials were interested in increasing the share price of HealthSouth in the stock market anyhow. There should have been awareness of the fact that was avoided by auditors was an unusual increase in the net ...

Key issue / Introduction

The Department of Homeland Security was created in 2002 to protect the homeland security of the United States. Cybersecurity is a goal of the department and involves the protection against the unauthorized or illegal use of electronic information or data. It involves the protection of computers, networks, data and programs. Cybersecurity involves a number of factors. Those will malicious intentions can have operated from any place in the world. Cyberspace and systems that are physical have strong linkages. Vulnerabilities to cyberspace are difficult to reduce. Those who invade and attack cyberspace are difficult to identify due to the complexity ...

Tourism, hospitality management sectors are interlinked to each other to some extent and it is argued that Tourism, hospitality management are interrelated and have many cross-relationship to cover the entire sector together. Tourism and hospitality are closely related but not mutually exclusive; as hospitality is the least concerned with providing the needs of tourists. The definitions of hospitality and tourism field falls under “travel and tourism”. It is sensible to study the linked sectors together in detail on strategy and operation level. This research describes and demonstrates the close interaction between the tourism and hospitality; and flexibility of the ...

American nurses are guided by a code of ethics that has nine provisions. The first provision emphasizes on compassion by the nurse in carrying out their duty. The second is a nurse's commitment to serving the patient. Third in this code of ethics is the requirement that a nurse not only advocates for the patient’s health but goes further to protect it. The same provision points out the nurse’s duty to safeguard the patient’s rights. The fourth provision gives nurses authority and accountability for their practice, which makes them responsible for making the right decision in ...

Abstract

Fraud in the resume of job candidates is on the rise. This has been necessitated by stiff competition given that there are few jobs and many applicants. Misrepresentation of facts can have a negative impact on an organization. It can make or break it. There is a chance of an organization hiring a crook who could defraud it or steal using its facilities or name. Worse still, there is the issue of an organization’s reputation being tainted due to poor quality services or poor quality products made by its personnel. This can be nipped in the bud by ...

1. Goals of the Physician Quality Reporting System (PQRS) The physician quality reporting system is an effective tool that helps the physicians in order to evaluate and measure the processes of health care, the structure of the organization and the perceptions of the patients. The goal of this system is to provide the high-quality health care. Some of the most crucial goals of PQRS include timely care to the patients, patient-centered, effective and efficient. a. Advantages and disadvantages of the PQRS program

Advantages

In case of the reporting through the claims, it requires only 20 unique Medicare patients In case ...

Abstract

When an organization has cash inflows and outflows of foreign nature, the cash forecast for every currency will help during the identification of the currency exposures. The format of the estimation should allow the users to determine the balance for every currency and whether there is a growing shortage or extra money over time based on reasonable cash flows. The increasing gaps between the cash inflows and outflows may need hedging, and the cash flows that offset over time represents the issue of timing effectively. The management of foreign exchange transaction can be achieved through the offsetting transactions to ...

Introduction

According to Trevino & Nelson (2011, p. 35), fraud does not happen as a coincidence. To be specific, fraud in organizations is usually premeditated and has to happen in the right conditions and members of the organization in authority often set these conditions. As such, identifying the root causes of fraud, which is called fraud deterrence, should be one of the priorities of corporate governance. Since fraud has been a common menace in the history of organizational management, various strategies, government regulations, and acts have been developed to prevent the occurrence of fraud (Giroux, 2013, p. 32). These procedures cover ...

In accordance my life history, I have always been a cool minded individual and avoided unnecessary conflicts since I started going to school. I developed an introverted personality, due to which I kept distance from people and did not engage in extreme social activities. It resulted in making me a quiet person and I became less prone towards expressing or sharing my feelings to people. My control over temperament ensured that I was not easily inclined towards becoming angry. My personality has remained same over the period of years as I have experienced such traits as far as I ...

Sarbanes-Oxley (SOX) Act was brought to curb corporate fraud and restore investor’s confidence in the integrity of the corporations and executives. Due to SOX, the paperwork for the companies has increased manifold, as the law requires just detailed documentation rather than proactive detection and prevention of fraud. Examples of both its effectiveness and ineffectiveness are given below: Section 404, mandates the management to provide assertions and to be attested by independent auditors that effective internal controls are being applied to the financial reporting. However, Jumpstart Our Business Startups Act (JOBS Act) of 2012 has provisions that eliminate this ...

KPMG was investigated from 2001 onwards by the IRS because the company failed to properly regulate and monitor the use of tax havens. Complex accounting and auditing schemes challenged the company’s corporate governance and ethics. The professional code of conduct of all the staff and partners were often overlooked for business that was capitalist and maximised profit at the expense of the reputation and integrity of KPMG. The new chairman of the company faced a difficult ethical dilemma and created alternatives that would result in the best action to save the company and to minimise the consequences for ...

Managing organizational behavior is an approach to create effective human behavior in the organization. It investigates the actions and attitude of the employee towards each other and organization. It affects the individual and organizational performance and may create complexities in the organizational culture. I have chosen the case study of HealthSouth Corporation that covers the impact of ethical leadership on employee job performance and the company growth. HealthSouth Corporation is providing health care services and based in the United States. The organization is serving the nation with the team of best employees. It is specialized in different health care ...

The Securities and Futures Ordinance of 1991 was a significant leap in Wall Street regulation. The Ordinance consolidated several laws that were created in the past and helped pave the way towards securing Hong Kong’s financial future. The Ordinance created a universally accepted licensing system in dealing with financial commodities, such as securities and other derivatives (Charltons). The Ordinance also only allows for corporations and individuals representing them to receive that licensing. In addition, the Ordinance provides those currently licensed two years to adjust their platforms to the new regulations provided by the Ordinance. Though it is the ...

Introduction

The main issues with Parmalat include the ineffective audit planning process and risk management. The company was involved in the fraud and misrepresentation of the financial statements. In addition, due to ineffective audits the company had to face severe consequences at the end. There is a need to implement effective audit strategies and risk management process.

It is important for the auditors to confirm cash balances with the financial institutions that are used in the cash reconciliation of the company like Parmalat. By using standard from confirmation, the auditor requests financial institutions to confirm by examining their records about ...

Erin Brockovich is a film centered on the real-life story of Brockovich herself. The movie conveys various ethical issues. Brockovich is a single mother who struggles hard to make a living. Due to a car accident, she gained access and became part of a law firm where she worked as a clerk. Her interest was focused on examining medical cases. With the permission of Ed Masry, Brockovich started to search for links between the Hinkley, CA community members and the Pacific Gas and Electric Co (PG&E). The company has a factory in Hinkley. The factory has been pointed as ...

Autonomous State vs. State of Agency

Two opinionated states of affairs, “state of autonomy” and “state of agency” are positioned in distinction to each other as both are entirely dissimilar from each other. The difference in both the state of affairs typically takes place by methodology implemented by the government and perception of the general public about these two supremacy systems. With the initiation of the 19th century, autonomous and state of the agency came into view as a two system of domination. As it is explained in chapter 15 that Hitler and his policies had disturbed the lives of common Germans, his follower's Nazis ...

Statement of the Research Problem

Currently, there are a vast number of reported cases of online fraudsters who tend to break into people's systems without their consent. The threat of online fraud has an impact on operations of business in the hospitality sector. The adoption of technological advancements improves the efficiency of firms such as the hospitality industry that can guarantee them more advanced customer service and consequently tremendous profits. However, the increased use of the internet makes the hospitality industry prone to fraudsters. For instance, the Marriot Milwaukee Downtown which is a major hotel in Milwaukee, Wisconsin, faces the threat of fraudsters mainly ...

Q1a. From the information contained in the case study above, conduct an analysis of Tesco’s external environment using the STEEPLE model. Your analysis should cover and identify each of the factors as they relate to the case study. (16 marks)

The external environment of a business can be evaluated using a STEEPLE model, which incorporates seven external factors; sociological, technological, economic, environmental, political, legal and ethical (Block 1, Reading 5, p. 34). Here is a brief analysis of Tesco according to the STEEPLE model;

Sociological factors

The variety of business in the UK and across the world is going through ...

Introduction

In the world of commerce, most individuals and organizations act on the basis of delegation. And delegation of authority leads to the formulation of an agency relationship. The agency theory is based on the view that a principal vests power in an agent to represent the principal in certain situations specified in the agreement. This creates a fiduciary relationship and the agent will have to act in the best interest of the principal. Fiduciary relationships mean an agent must act in the best interest of the principal. This include the provision of some parameters within which the agent can ...

Background

Enron case study dwells upon one of the most known scandals in business ethics and financial world. Founded in 1985 as a result of the merger between Houston Natural Gas and Internorth, Enron Corporation starts trading natural gas commodities in 1989. Throughout the 90s,the company was considered one of the most innovative and attractive for investment companies in the country. Renown for its unique business model and trading businesses, the company benefitted from a positive image, shareholder trust and external financing (Li, 2010). With a number of changes in leadership from Jeffrey Skilling to Kenneth Lay, who occupied ...

A Case Study of Coca Cola Inc.

Coca Cola Inc. is a multinational beverage company with its headquarters in Atlanta, Georgia. It has many managed and private bottlers globally. As the largest beverage producer in the world, Coca-Cola sells to more than one billion consumers every day. Its well-defined distribution has been the cornerstone for its global positioning. The head factory produces the concentrated syrup, which is transported to its local distributors. The syrup and the production process intellectually protected by the intellectual property laws. As such, the head office controls all its products, including safety concerns. The organization produces a variety of carbonated drinks among ...

Summary

The book “Where Does the Money Go?” by Scott Biddle and Jean Johnson has been made to reflect the current financial crisis and the extensive legislation passed by the Obama’s administration. The book is unbiased and stable, straightforward, eye-opening, and pleasantly irreverent guide to the federal budget problems. DiBiase (2009) stated that is by no means outdated. It was made when the nationwide debt was only $9 trillion. It talks about the method of setting the federal budget up, where the money derive from, where it goes and the reason the government is spending more that it has. ...

Business Ethics

Business Ethics

The managers are responsible to the prevalence of ethical misconducts due to their extent of authority. Managers ensure that employees do not incorporate any unethical practices and understand the organization’s ethical conducts. The prevalence of ethical misconducts among the employees is observed by the managers due to which the managers take necessary actions in order to ensure that the occurrence of such misconducts is hindered. The employees are observed in accordance with the organization’s ethical standards and these standards help in the shaping the organizational behavior and hence, ethical conducts are set (Crane & Matten, 2007). ...

With the advent of computer use by all and sundry, criminal minded people have also ventured into what is termed as cyber crime, which has as many ramifications as there are categories of crime. It has therefore become imperative for the government and law enforcement agencies to put up stringent measures against such criminals. The main categories of crimes, perpetrated through computers are stealing computer hardware or software, manipulating data through computers, telecommunications and internal computer crimes. When viruses are implanted into other people’s computers in a deliberate attempt at being malicious against such people this constitutes internal ...

Dishonesty and cheating are a public portion of the world we thrive. Being deceitful and dishonest takes place in small ways universally. It is a human character to cheat or be dishonest. In most cases, little lies escalate into large-scale complications with chief repercussions for society. Everyone has the capability to be deceitful, and practically every person cheats. Addressing these two vices in the right manner can, however, save a lot of challenges that people go through. This paper discusses the vice of cheating, its impact on the society and the overall conduct of individuals. The behavior of almost ...

Crime rates have increased drastically among the children and adults in the society over the recent years. Poor parenting, altruism, and prosocial learning has been associated with violence among the children. Therefore, the paper will focus on the role that poor parenting, altruism and prosocial education play in the development of violent behavior in individuals. The knowledge shared by authors of various articles supports these ideas. It will discuss the relationship that exists between aggression and self-esteem. The paper will summarize the complete knowledge covered as well.

The relationship between aggression and self-esteem

A debate on the relationship that exists between self-esteem and aggression has ...

There is a principle of division of labor and specialization in every sector of business. This ensures that there is maximum efficiency in running the day today activities of any industry (Haber 15). Therefore the Duo Company was given the full responsibility to ensure that they manage the financial cash flow of their client very effectively. In case of any fraud and the perpetrator is missing, then they should bear the full responsibility for the loss. Furthermore, it is their obligation to monitor very closely their employees on a daily basis. It has been found out that it is ...

Business Ethics Capstone Project

Introduction Business and ethics are really important in all aspects of life. There is the need for every human being to follow rules and this includes generally accepted morals as well as laws. In most cases, laws seem to evolve from morals and generally accepted customs and practices. However, laws come with specific sanctions whilst morals often come with softer consequences like reputational issues. There are many situations where organizations set up ethics as a means of ensuring that the workers observe moral standards in order to reduce the risks of legal problems and issues in its operations. Ethical ...

Adopted Derivative and Function in the Financial Markets

Derivatives are important tools in the financial markets because they help reduce investment losses resulting from the fluctuating interest rates. For example, Societe Generale lost about $7 billion following the 2008 property market crisis, which could have been much higher if the company did not hedge its funds. Credited default swaps (CDS) or credit derivative contracts on mortgage-backed securities played a major role in the development of the housing bubble in the American property markets. The swipes were widely used to insure debts using subprime housing securities in the property markets. Swap derivatives can be defined as a series ...

1. The main difference between intrinsic and extrinsic motivation is that the first type originates from outside of the person’s aspiration, i.e. somebody perform the action just for the sake of pleasure to do it. On the other hand, extrinsic motivation is explained by the aspiration to get a reward or to avoid punishment for an action. 2. Fear appeals to be effective in order to attract someone’s attention to something or someone suspicious or dangerous. From personal experience, I would say that the most effective examples of persuasion based on fear are warnings regarding health and ...