Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN: 9781337485913
Author: BROOKS
Publisher: Cengage
expand_more
expand_more
format_list_bulleted
Question
error_outline
This textbook solution is under construction.
Students have asked these similar questions
The economic shock associated with the COVID-19 pandemic is likely to be significantlylarger than anything seen since the financial crisis of 2008/09. The spread of COVID-19has already had a high human cost, and, with public health systems struggling to cope,these costs will continue to grow. The policies put in place by governments to slow thetransmission of COVID-19 have led, in many countries, to massive demand and supplyshock. This has led to significant trade disruptions, drops in commodity prices, and thetightening of financial conditions in many countries. These effects have already led tolarge increases in unemployment and underemployment rates and will continue tothreaten the survival of many firms worldwide (Loayza and Pennings, 2020).Government revenues are projected to fall as a consequence of the pandemic because ofdeclining economic activity. As fiscal space is already limited in many countries, there isa danger that policy responses to the crisis will either be…
In the case of the 2008 Enron Scandal:How effective do you think the response to the Enron crisis has been by regulatory institutions and the government?
In December 2019, a novel coronavirus outbreak was first documented in Wuhan, China. This virus triggered crisis for the global economy and markets including Ghana. With an escalating number of confirmed cases globally, the World Health Organization (WHO) declared the virus tobe a global pandemic, meaning that it will have a sustained global impact.In order to stop the spread of the Covid-19 outbreak, many countries across the world including Ghana implemented very tough measures such as introduction of travel restrictions, strict lockdown to try to contain the virus. The repercussion of these measures has been a total halt to major industrial production chains and as such affecting government’s tax revenue.Furthermore, some safety protocols such as the use of nose masks, the frequent washing of hands and the use of a 70% based alcohol sanitizer in sanitizing hands and also the practice of social distancing were recommended by World Health Organization to help stop the spread of the…
Knowledge Booster
Similar questions
- Financial systems are the hub of any establishment, and with the pandemic crisis still ongoing, most companies are facing multiple likelihood of threats that could adversely impact them. Identify and explain TEN (10) controls that can be adopted to counter these negative impacts.arrow_forwardOpening Case Quality Health Care in the U. S. In his inauguration address, U. S. President Barack Obama mentioned the poor state of the U. S. health care system as a fundamental issue facing the nation and his administration. The sobering truth of America’s health care system is that it dramatically under-performs. In an August 2008 poll by the Commonwealth Fund, 8 of 10 adults agreed with the statement that the health care system “needs either fundamental change or complete rebuilding”. This becomes even clearer when comparing the system with those of its international peers. In 2000, the World Health Organization ranked the performance of the U. S. health care system 37th in the world. In this and other international comparisons, despite spending more than twice per capita than other developed countries, the U. S. were beaten on virtually every metric of health care cost, quality and access. In other words, they spend more and get less. Scoring the U. S. health care system on key…arrow_forward“Too big to fail” was a common buzz phrase during the Great Recession. The idea behind it is that certain businesses are so important to an economy that disastrous consequences would result if they were allowed to fail and so government intervention is necessary. How is the concept of moral hazard relevant here?arrow_forward
- We examine what might happen in the worst-case scenario, but the true worst case would involve a total disaster with extremely remote probability. We certainly would like to prepare ourselves for the worst possible outcome, but shall we make decisions based on something that is extremely unlikely to happen? Consider Samsung’s recent experience. Samsung was forced to recall 2.5million Galaxy Note 7 smartphones just one month after it was introduced because multiple reports on the phones caught fire, and eventually stopped all production in the following month. Some estimated that Samsung incurred a $5 billion write-off due to this fiasco. Would you consider it Samsung’s failure not to prepare for this worst-case scenario? Why or why not? As a member of Samsung’s FP&A team, what would you do differently for evaluating future products?arrow_forwardUninsured motorists face the burden of paying for accidents themselves if involved in an accident. They also impose costs on others if they are unable to bear the cost of the damages to third parties. In this case, a.the government could not improve upon this outcome. b.the government could improve the market outcome by requiring everyone carry auto insurance. c.the government could improve this outcome by requiring insurance d.companies to lower premiums for all drivers.arrow_forwardThe COVID-19 pandemic has affected one of your customers, NEST Ltd adversely. Even though the economies are fast recovering, they have contacted your company to request to purchase on credit instead of cash on delivery. Your boss, Alan, the Marketing Manager has instructed you to review their request. He has asked you to review NEST Ltd’s latest set of financial statements. (a)Identify the key financial statements. Explain how the information reported in these statements will help you to decide whether to accede to NEST Ltd’s request.arrow_forward
- 2021 will be the year with fewer restrictions on airline industry. Vaccination has caused glimpse of hope for tourism industry to stay alert. Seems like airline industry has gained their ground back from the government and trying to fill for the cumulated losses they faced during the pandemic. We have seen more number of international flights, either essential or nonessential, arriving at the airports and potentially become a threat. And we still witness hesitation from the governments when dealing with international travellers. What would be your stand in this balance of power between the federal government and the airline industries thriving for profit. Bring three major grounds for your reasoning considering the following factors: airlines are not necessarily private corporations, federal government is responsible for the health of the citizens and residents, federal government is responsible to provide fair competition ground for the corporations to compete, and there is no clear…arrow_forwardDo you think that Sony’s response to the attack was appropriate? Why or why not? What might Sony and the U.S. government done differently to discourage future such attacks on other U.S. organizations? Are there measures that organizations and the U.S. government can take together to prevent both real-world terrorist violence and cyberattacks? According to a recent report by Gartner, most business users will have access to some sort of self-service BI tool within the next few years; however, Gartner estimates that less than 10 percent of companies will have sufficient data governance practices in place to prevent data inconsistencies across the organization. Why do you think so many companies continue to invest in new analytics tools without implementing governance programs that ensure data consistency?arrow_forwardOne of the major difficulties facing the health insurance industry is that the people who are young and healthy see no need to buy insurance. The result of this tendency is that the people who want health insurance are the people that the insurance companies have the least desire to insure. The government's solution, under the Affordable Care Act (also known as Obamacare), was to simply mandate that all people must have health insurance. Unfortunately, this mandate did not yield the hoped for results of keeping one's doctor and cutting medical expenditures by $2,500 per family per year. (Infact, premiums have been rising.) Thus more reform is being talked about Please explain the economic impact of the following reform proposals: 1. Decouple insurance from employment (allowing people to shop for their own insurance like we do for car insurance). 2. Allow insurance companies to screen applicants. 3. Allow consumers to signal that they are low-risk through the purchase of high-deductible…arrow_forward
- Give typing answer with explanation and conclusion During the COVID-19 pandemic, small businesses were much more resilient than larger businesses, resulting in the federal government offering loan guarantees and payroll protection for larger businesses predominately. Group startsTrue or FalseTrue, unselectedFalse, selectedarrow_forwardDistributed power generation will end the long-distance tyranny of the grid. For decades, control over energy has been deemed too important to be left to the markets. Politicians and officials have been dazzled by the economies of scale promised by ever bigger power plants, constructed a long way from consumers. They have put up with the low efficiency of those plants, and the environmental harm they do, because they have accepted that the generation, transmission and distribution of power must be controlled by the government or another monopoly. Yet in the beginning things were very different. When Thomas Edison set up his first heat-and-power co-generation plant near Wall Street more than 100 years ago, he thought the best way to meet customers’ needs would be to set up networks of decentralised power plants in or near homes and offices. Now, after a century that saw power stations getting ever bigger, transmission grids spreading ever wider and central planners growing ever…arrow_forwardPlease answer in your own words After the pandemic ended, most of us are back to in-person work. However, the remote work and study format has a long-term impact on our society and economy. Also, with the introduction of AI-Generated Content like ChatGPT, our life and labor markets will change. Please discuss how the above one or two new norms will influence your investment decisions, such as which companies and/or industries will benefit from the change, and how you should change your investment strategy (i.e., investing in more stocks or bonds or real estate, investing in which companies, sectors, and industries).arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Business/Professional Ethics Directors/Executives...AccountingISBN:9781337485913Author:BROOKSPublisher:Cengage
Business/Professional Ethics Directors/Executives...
Accounting
ISBN:9781337485913
Author:BROOKS
Publisher:Cengage