Turner Construction Company Questions 1. What are are the various types of contingency funds? How do they work? Do you think this approach to contingency funds is adequate? Overkill? 2. What is Turner’s business strategy towards their clients? How is it different from their competitors? What is your opinion of this strategy? What are its strengths and weaknesses? What could invalidate Turner’s business strategy? 3. Evaluate the IOR system and related reports and meetings. Does the IOR system force managers and the project team to address contingencies and problems you identified previously? It appears to take a lot of time in meetings; is this necessary, wise? The system seems to be based purely on financials. …show more content…
At times in these relationships gifts and entertainment may be offered as expressions of friendship. Offering or accepting such gifts or entertainment may be appropriate so long as the value does not exceed proper bounds of a normal business relationship. A gift of nominal value, an occasional meal preceding or following a business discussion, an invitation to sports event or theater is not necessarily improper. … Employees must not accept gifts or entertainment where to do so might result in an obligation or the appearance of an obligation to conduct business with the donor in such a way as to reflect less than an independent, arm-length relationship. Policy on Accounting Controls It has always been the policy of the Company to maintain the integrity of its financial records and operating controls. All policies and procedures are subject to audit. No artificial, false, or misleading entries shall be made in the books and records of the Company, employee expense accounts, or in any requisition submitted to an owner for any reason. Nor shall any payment or receipt be made with the understanding or intent that such transaction is to be used for a purpose other than that described by the documents supporting the transaction. Policy on Conflicts of
Company employees must be careful that their conduct cannot rationally be construed as a bribe or other inappropriate enticement to perform a business act or improperly influence the recipient.
Nintendo take the actions it did? How did these affect the value created by the industry?
8. How well is Costco performing from a strategic perspective? Does Costco enjoy a competitive advantage over Sam’s Club? Over BJ’s Wholesale? If so, what is the nature of its competitive advantage? Does Costco have a winning strategy? Why or why not?
If any client or persons that has any financial interest in a company is offered a gift or entertainment and accepts the offer, they are in the risk of complying with the “Integrity and Objective Rule.” A client should have a firm understanding of what is acceptable when accepting a gift. There are limitations on gifts such as the price of the gift. The occasion is a factor of whether the gift is acceptable or not, and how many gifts were given or how often gifts were given is taken into account when considering acceptable gifts.
All businesses and organisations have to check to see that the information they have stored is accurate. For example, the money coming in and going out have to be correctly recorded otherwise it will look as if the company has not made much profit and it can affect the share prices of the company, affect the employees as the company might not be able to pay the employees and will have to cut down on staff, lenders will not agree to lend money, etc.
Adults should be aware of their organisation’s policy on the giving and receiving of gifts.
You must refuse any gift, favour or hospitality that might be interpreted now or in the future as an attempt to obtain preferential consideration.
Answer the following question: How would possible changes in the industry’s market structure impact your chosen company’s business strategy in the future? Keep your company’s current business strategy in mind in your response.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate (Louwers & Reynolds, 2007). We believe that the audit evidence obtained is sufficient and appropriate to provide a reasonable basis for our opinions.
Q2. How would you assess the management of the CIMS project so far? What has been done
* Development began in late 2002 and was to be completed in 12 months’ time.
Martinez Construction is a well-established construction company in Eastern Spain. Because of a recent decline in contracts in the Spain society, Martinez Construction Company needed to expand to international market in order to survive (expand and grow). After a survey in the international market, the newly formed Democratic Germany seemed the perfect place. Furthermore, the best solution was to acquire an existing firm with the help of Treuhandanstalt (privatization agency). This was a result of the lack of liquidity of the Martinez Company.
The system that I am currently employed by has a strict policy on accepting gifts from students, co-workers, and collection of money for gifts outside of very specific guidelines. According to West Carroll Special School District policy manual (2016) “Prohibits excepting gifts from students unless the gift is of token value only”. This policy goes on the to say “Individuals of the board will refrain from giving gifts to staff members who exercise administrative or supervisory roles over them, directly or indirectly. This policy also expresses how collections of money and discouraged outside of bereavements or serious illness as this policy and subparts are enforced to discourage misuse of funds and fraternization between personnel.
Supriyo Chaudhuri stated that “business gifts are usually seen as advertising, sales promotion and marketing communication medium” to create “a positive, first impression which might help to establish an initial business relationship”. During a purchasing process, gift can be considered either an appreciation or an attempt to influence future buying behavior because it may influence buyer’s perspective and evaluation to the supplier. According to Nina Kaufman, receiving a gift can “hamper your objectivity when either making purchasing decision for your company or recommending the ng products or services to clients”. As for Bryan’s case, he first must identify his company’s policy on accepting gifts and favors to see if accepting the clock is a violation of company’s ethical standards. If a gift is strictly prohibited, Bryan has to return the gift right away. In the case that Bryan could keep the clock, the gift may be a primary factor encouraging him to get involved in business with Mr. James McEnroe’s company despite the fact that this is not the best option for his company, and thus this will still be considered to violate the code of professional conduct. After returning the gift, Bryan should also be open up and talk to his employer about the situation to show his honesty and justice. To his wife Nina, who attaches so much to the clock, Bryan should explain to her clearly why they should return the clock and the consequences if
Supriyo Chaudhuri stated that “business gifts are usually seen as advertising, sales promotion and marketing communication medium” to create “a positive, first impression which might help to establish an initial business relationship”. During a purchasing process, gift can be considered either an appreciation or an attempt to influence future buying behavior because it may influence buyer’s perspective and evaluation to the supplier. According to Nina Kaufman, receiving a gift can “hamper your objectivity when either making purchasing decision for your company or recommending the ng products or services to clients”. As for Bryan’s case, he first must identify his company’s policy on accepting gifts and favors to see if accepting the clock is a violation of company’s ethical standards. If a gift is strictly prohibited, Bryan has to return the gift right away. In the case that Bryan could keep the clock, the gift may be a primary factor encouraging him to get involved into business with Mr. James McEnroe’s company despite the fact that this is not the best option for his company, and thus this will still be considered to violate the code of professional conduct. After returning the gift, Bryan should also be open up and talk to his employer about the situation to show his honesty and justice. To his wife Nina, who attaches so much to the clock, Bryan should explain to her clearly why they should return the clock and the