StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Answer questions - Coursework Example

Cite this document
Summary
1. After watching the movie, Enron: The Smartest Guys in the Room, it is my opinion that at Enron Corporation the upper management team was composed of bad apples and the entire barrel at the top was fulfilled with a rotten product. The conspiracy in this case traveled from the accountants, lawyers, even the bankers wanted the dream to be truth when in reality the entire scheme was nothing more than a ponzi scheme…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.7% of users find it useful
Answer questions
Read Text Preview

Extract of sample "Answer questions"

After watching the movie, Enron: The Smartest Guys in the Room, it is my opinion that at Enron Corporation the upper management team was composedof bad apples and the entire barrel at the top was fulfilled with a rotten product. The conspiracy in this case traveled from the accountants, lawyers, even the bankers wanted the dream to be truth when in reality the entire scheme was nothing more than a ponzi scheme. The revenues numbers the company was reporting was full of lies. The company was depending on future earnings that would never materialize.

The leadership team was made up of a bunch of opportunistic liars that liquidated million of dollars in stock before the ship when down fully knowing that their actions were considered insider trading. 2. The movies exposed the dark side of human beings. Capitalism was not the root of the problem at Enron Corporation. The unethical managers created a culture of greed at Enron. Everyone was fouled by the company due to the fact the investors which included thousands of employees thought the financial numbers of the company were legitimate.

The upper managers created fake revenues in order to cook up the numbers. A company with ethically responsible upper management would not have suffered through the financial scandal Enron was exposed too. 3. One of the best ways to change the mentality of putting fast profits ahead of ethical behavior is by speaking out against unethical behavior and not supporting companies that are involved in unethical behavior. In the aftermath of the Enron scandal a law that helped bring back confidence in the marketplace was the Sarbanes and Oxley Act of 2002. 4. I believe energy prices should be regulated in order to ensure the customer gets the lowest possible price.

In the open market companies are going to be looking to earn a reasonable profit. In government controlled regulation the state owned company can operate basically at cost. This helps lower the price of the electricity bill. 5. The values that were supported at Enron were individualism, greed, decisions based solely on money, deception, lies, and mistrust. The top executives lied about the state of the company in order to inflate revenues and hide the debt. The fake financial statements helped maintain the prices of the Enron stock high.

When the scandal was revealed the price of the Enron stock plummeted to virtually nothing in a matter of weeks. The corporate culture contributed to the unethical behavior because the employees involved in the cover-up were acting in order to continue the money coming in. To them their actions were helping everyone get rich. 6. Enron Corporation had over 30,000 employees working for the firm the majority of who were honest hard working people. The whistleblower should be considered a business hero because she put everything on the line to reveal the truth.

She demonstrated valor and honesty. A few people can sometimes make a huge difference. The reporter opened up the public debate over the validity of the Enron business concept. 7. Mark to market accounting occurs when a business recognizes the revenues based on speculation that output will occur. In the Enron case the company used mark to market accounting to recognize revenues on bad project which ended up leading to losses instead of revenues. I believe the practice of mark to market to be unethical.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Answer questions Coursework Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/other/1409560-answer-questions
(Answer Questions Coursework Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/other/1409560-answer-questions.
“Answer Questions Coursework Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/other/1409560-answer-questions.
  • Cited: 0 times

CHECK THESE SAMPLES OF Answer questions

Short Answer Questions

SHORT Answer questions Short Answer questions Word Count: 2,250 (9 pages) 4.... What questions might you ask yourself about your chosen topic during your brainstorming process to make it better?... How do these questions help?... I feel that asking a variety of questions would really help me in the brainstorming process in order to make my chosen topic that much more specific.... hellip; Asking such questions would help me clarify the elements of the brainstorming process that both are and are not going well....
10 Pages (2500 words) Book Report/Review

MGT422 Answer Questions

Name: Institution: Course: Tutor: Date: The effects of living in an environment with no clocks, no view of the outside and minimal sensory stimulation can be analyzed from psychological point of view as causing untold suffering, mental retardation and the confinement is usually associated with stress and depressions....
3 Pages (750 words) Assignment

Short Answer Questions

However, Short Answer questions on Stress Management Discuss key strategies in coping with stress.... Discuss key strategies in coping with stress.... ? Stress management involves identifying the stressors.... After discovering the stressor, different people adopt different styles of dealing with the factor....
1 Pages (250 words) Assignment

To answer questions

answer to Question #2.... Among the actions that require individuals to have more courage than the usual in order to attain authenticity within themselves can be seen in… s such as the necessity of showing one's true self amidst external pressures (in authenticity), while actions such as the contrasting need of holding back on expressing one's true self (self-deception) which prevent oneself from experiencing true freedom require lesser Answers to Question Sets Group A....
1 Pages (250 words) Essay

Short Answer Questions:

The social conditions conducive for Assignment: Short Answer questions Direct democracy is a form of democracy in which directly decide on policy initiatives by voting or forming consensus.... The core disagreement behind the three –fifth compromise was on how slaves would be counted in determining the total population of a state....
1 Pages (250 words) Assignment

An answer questions format

All questions are of equal valise — 10 points each.... Please copy the following pledge and sign it in your answer book 2.... To receive full credit, do not leave any pail of a question unanswered.... In all cases, show your steps.... I encourage originality in your writing rather than copying from other… You have two options to submit it your test....
3 Pages (750 words) Assignment

Short answer questions

The word evolution has varying definitions ranging from narrow to broad.... ? For example, in some literature, the term evolution is used to imply genetic evolution solely… Evolutionary psychology subscribes to the belief that elements of human nature universally comprises of species that have evolved psychological mechanisms....
2 Pages (500 words) Essay

Reading and answer questions

The UnderArmour Company has made use of various competitive strategies to maintain their relevance in the industry is made up of very competitive companies like Nike.... In fact, their strategies have threatened the relevance of these giants companies in the market.... First, their… They supply the needs of sportsmen in all categories....
4 Pages (1000 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us