Premium Essay

From Sparks to Fired

In: Business and Management

Submitted By kedronhilario
Words 1036
Pages 5
Hilario, Kedron
ACTG 6310
Dr. Harrington
4 February 2015
From Sparks to Fired: Case Study
1. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) Enterprise Risk Management (ERM) – Integrated Framework (2004) is a guideline for managing risk and understanding internal controls. The eight components of the COSO ERM Framework are as followed: internal environment, objective setting, event identification, risk assessment, control activities, information and communication, and lastly, monitoring. Here we define/describe these eight components:
a. The Internal Environment captures the tone of the organization and the sets the standard on how risk is viewed and addressed by the entity’s members. The entity will define such things as: risk management philosophy and risk appetite, integrity and ethical values, and the environment in which they operate.
b. The Objective Setting is the objectives that exist before management identifies potential events that will affect their achievement.
c. Event Identification are internal and external events affecting achievement of an entity’s objectives that are indentified, then distinguished between risks and opportunities.
d. Risk Assessment is simply risks that are analyzed as a basis for determining how they should be managed. Risks are assessed on an inherent and a residual basis.
e. Risk Response is avoiding, accepting, reducing, or sharing risk. Management develops a set of actions to align risks with the entity’s risk tolerances and risk appetite.
f. Control Activities are policies and procedures that are established and implemented to help ensure the risk responses are effectively carried out.
g. Information and communication is when relevant information is identified, captured and communicated in a form and time frame that enable people to carry out their responsibilities.
h. Monitoring is...

Similar Documents

Premium Essay

Term

... Including but not limited to, gender identity, staff requirements, sexual stereotyping, and unfair burdens placed upon a particular sex. Sex or gender discrimination has been defined as the different treatment of individuals during their employment solely based on whether that individual is male or female (1). Gender discrimination can be brought up as a legal issue for us if we favor female over male applicants in our hiring process in an attempt to appeal to our mostly male clientele. We need to ensure that we remain aware that Title VII of the Civil Rights Act of 1964 is a federal law and will not protect our preference of hiring women over men as part of our bartender and wait staff. Title VII protects our employees and applicants from being discriminated upon based on their sex. The fact that we as the employer have a preference for hiring women over men in is not protected under the few exceptions that Tile VII makes for employers. The “bona fide occupational qualification” or BFOQ, for example, is one of the exceptions that do not apply to our situation. The BFOQ allows for sexual discrimination when the “essential” part of the particular job requires the applicant to be of a certain sex (1). The BFOQ will not protect us simply because of our preference, we need to ensure that we give equal consideration to all applicants in our hiring process regarding all positions, and are careful that all firing is done strictly based on performance. An example of this issue......

Words: 1789 - Pages: 8

Free Essay

Reaserch Paper

...Since the beginning of humanity people have been fighting with each other. As humans evolved so did the weapons that were used. Humans have gone from throwing stones at their enemies to sending missiles half way across the globe. As our technology advances, the innovations get applied to our weapons systems, which in turn make them more efficient and effective. Since the beginning of time, man has had a necessity to accomplish things, some things were simpler than others. When things got difficult man figured out how to use whatever he could find to help accomplish his goals. These items were later known as tools. Primitive tools were made out of wood, bone, and stone (Smithsonian 15). These were the most common materials at the time. However when the time came to defend ourselves these tools became weapons. At first weapons were jagged pieces of materials, such as pieces of broken bone, broken wood and jagged rocks. These tools were held in the palm of the hand (Smithsonian 18). Eventually the tools were shaped and tied to make handling more efficient, as well as to eliminate injuries due to holding the jagged object (Smithsonian 25). It wasn’t until the invention of black powder that the weapons we know of today started to be developed. In 1861 Richard Jordan Gatling revolutionized machine guns. He did this by inventing a gun that fired multiple bullets automatically. This gun was known as the Gatling gun. The Gatling gun was a hand-cranked machine gun that had...

Words: 2290 - Pages: 10

Premium Essay

Depdffgd

...engine (known as a gasoline engine in North America) is an internal combustion engine with spark-ignition, designed to run on petrol (gasoline) and similar volatile fuels. It was invented in 1876 in Europe. In most petrol engines, the fuel and air are usually pre-mixed before compression (although some modern petrol engines now use cylinder-direct petrol injection). The pre-mixing was formerly done in a carburetor, but now it is done by electronically controlled fuel injection, except in small engines where the cost/complication of electronics does not justify the added engine efficiency. The process differs from a diesel engine in the method of mixing the fuel and air, and in using spark plugs to initiate the combustion process. In a diesel engine, only air is compressed (and therefore heated), and the fuel is injected into very hot air at the end of the compression stroke, and self-ignites. With both air and fuel in a closed cylinder, compressing the mixture too much poses the danger of auto-ignition — or behaving like a diesel engine. Because of the difference in burn rates between the two different fuels, petrol engines are mechanically designed with different timing than diesels, so to auto-ignite a petrol engine causes the expansion of gas inside the cylinder to reach its greatest point before the cylinder has reached the "top dead center" (TDC) position. Spark plugs are typically fired 10 degrees or so of crankshaft rotation before the piston reaches TDC, to allow time......

Words: 409 - Pages: 2

Free Essay

Boston Massacre

...happened. Regardless, many people believe the Boston Massacre was the spark that ignited the Revolutionary War. My efforts will be focused on figuring our what really happened, and what events caused the British officers to shoot into the crowd of colonists. The incident took place on King Street (which is now called State Street today), on an early morning on the 5th of March in front of the British Sentry called Private Hugh White. Edward Gerrish, an apprentice of a wigmakers, began yelling at a British officer, lieutenant John Goldfinch for an unpaid bill. Gerrish left, but eventually came back hours later and began throwing rocks at the lieutenant. Soon, many colonists joined in and threw rocks themselves. At this point, Goldfinch had reached his boiling point, and challenged Gerrish before striking him with his musket. As the evening progressed, the crowd outside the sentry grew larger and larger and continued to harass the British officers. Meanwhile, Captain Thomas Preston overlooked the entire situation as it escalated. He immediately ordered 8 soldiers to help control the situation before it got out of hand. As the soldiers approached, with muskets loaded, the crowd of nearly 400 began to surround the outnumbered officers. The angry crowd began throwing snowballs at the officers and one local tavern owner struck one of the soldiers to the ground with a club, knocking him down. As he got up, he fired his musket. Captain Thomas Preston is often accused of......

Words: 544 - Pages: 3

Premium Essay

What Caused Ww1

...months. They had to deal with the fear dying from being shot because of the skilled snipers, gases being thrown into trenches, which have never appeared in any other war, and the deaths from diseases. People were dying daily and were in fear of just peaking their heads out side of the trenches but there was also issues with living in the trenches. Soldiers had infestations of rats, lice and other new medical issues come from living in the trenches. First off the rats in the trenches feared because the ate the remains of the others soldiers who had passed. These rats carried many diseases and got into everything. The soldiers were contently trying to fight them off and get rid of them but they populated so quickly it was hard to keep up. Also these rats would get to be as large as house cats from time to time. Lice became another big issue because they spread quickly and caused illness like trench fever which starts of as pain through out the body then a fever. Due to living in trenches the area was always wet and moist. Many soldiers got trench foot, which is a fungal infection, that was caused by their feet consistenly moist and in unsanatary areas. Living in these conditions and being cooped up in these trenches for weeks would make anyone crazy. The trenches were always crowed with hundreds of men in one small trench. If you were asked to do a task out side of the trench you would fear of being shot. The worst thing that came from this war was the use of gases. The......

Words: 1690 - Pages: 7

Premium Essay

Yolo

...* Was responsible for making the cathode ray tubes. * The cathode ray was fired into a glass tube containing a partial vacuum. * The tube had a cathode plate (negatively charged) and an anode plate (positively charged) at one end of the tube. * When voltage is fed through the plates a small spark is created. * Once pump technology was introduced, the small spark turned into a purple ray. * Crooke found out that the cathode rays could be deflected with magnetic fields. Sir J.J Thompson: * First person to figure out that atoms are not indivisible and were not the smallest components in the universe. * The electron was discovered in experiments by Thompson, based on Crooke’s cathode ray tubes. 1st Experiment: * During the first 3 experiments, the cathode tube uses deflector plates inside the glass tube to form the ray into a more focused beam so he could tell if the ray was deflected easier. * Using a previously discovered principle stating that when a charged particle enters a uniform electric field (but no magnetic field), it will follow a perfect parabolic path, the size of which depended on the particles’ mass, charge and initial velocity. * Adding a magnetic field equal to the strength of the electric filed will cancel the motion of these particles therefore allowing for a linear path. * Thompson believed that the cathode rays were inseparable from their source and therefore also carried a negative charge. * Thompson......

Words: 570 - Pages: 3

Premium Essay

Critical Thinking

...New shooting by private guards in Iraq fuels anger By Tina Susman and Christian Berthelsen October 10, 2007 Guards from a private security company opened fire Tuesday on a car that they said ignored commands to stop, killing two women and unleashing new Iraqi rage over the convoys that protect many foreigners here. The shootings in Baghdad’s Karada neighborhood, coming less than a month after Blackwater USA guards were accused of shooting to death as many as 17 Iraqis in the capital, brought an immediate response from Iraq’s government. “The Iraqi government is about to take strict measures to safeguard the lives of our people,” said the government spokesman, Ali Dabbagh, adding that no country should permit companies to “mess around” on its territory. “Iraqi people are equal to those of any other nation.” Salih Fyad, an Iraqi lawmaker with Prime Minister Nouri Maliki’s Islamic Dawa Party, said the shooting would make it more difficult for the government to accept the continued operations of foreign security companies in Iraq. “I think the Iraqi government will have clear and specific demands regarding the work of these companies,” he said. “The demands are increasing to lift the immunities and hold these companies accountable.” A top spokesman for Unity Resources Group, a security firm whose head office is in Dubai, United Arab Emirates, said its guards were involved in Tuesday’s shooting. Chief Operating Officer Michael Priddin said Unity Resources, which has......

Words: 2194 - Pages: 9

Premium Essay

Computing Goes Green

...CASE STUDY QUESTIONS 1. What business and social problems does data center power consumption cause? Excessive power consumption uses vast amount of electricity that must be generated through hydroelectric plants or coal-fired power plants. While hydroelectric generation plants are less stressful on the environment than coal-fired, nevertheless, they do pull resources from more useful purposes. Coal-fired power plants generate huge amounts of carbon dioxide into the atmosphere which some scientists and politicians claim is a major cause of global warming. Social implications of increased power consumption point to global warming. 2. What solutions are available for these problems? Which are the most environment-friendly? Some of the solutions to cut power consumption discussed in the case study are a good beginning. Building data centers that take advantage of hydroelectric power generation rather than coal-fired power plants; renewable energy projects; alternative energy; employee telecommuting; thin client computers, software that automatically turns computers off; more efficient chips. Perhaps the most environment-friendly solutions are those that control the hardware and software, thereby controlling the problem at its source. Virtualization holds great promise as a way to reduce power requirements by reducing the number of servers required to run applications. 3. What are the business benefits and costs of these solutions? Even......

Words: 1092 - Pages: 5

Free Essay

Illustration Essay

...My Incompetent Boss Over the years I have worked with many people. Most of these people were pleasant to work with, real team players. However some of the people I worked with made my blood boil, constantly making the job difficult. But there was one person I will never forget, Jeff Lander. Jeff Lander was the most incompetent person I have ever worked with. Jeff made me lose money, constantly complained and would try to get people he did not like fired. Jeff Lander made me lose money on a daily basis. To being with, I was a cleaner for Shawnee Villas resort in the Poconos, Jeff was my inspector. Because Jeff would not arrive on time, I was forced to wait for him. Jeff was responsible for telling me what houses I had to clean. I waited 10 minutes, 20 minutes and hour, still no Jeff. This was extremely frustrating since I got paid by the amount of villas I completed in eight hours. When Jeff finally arrived, he did not have the proper paper work. I asked what happened to it and he proceeded to tell me some long story about how his girl friend threw it out the window while they were arguing. I did not care, I just wanted to start working already. But I was forced to wait even longer while he went to the main office to get new paper work. Once we were finally ready to go, Jeff drove all of the cleaners to the villa’s, at least I thought he was. He wanted to making a quick stop to the deli and get coffee, the stop was not quick. As I walked in the store I heard Jeff......

Words: 1138 - Pages: 5

Premium Essay

Poop

...quite as much due to the negative and discouraging aspects I have heard about in classes and in the media. I am not sure that I could be happy in a career such as this, and I know there are great difficulties in "making it" in this profession. I have read about the incredible ambition of successful females in television news, and it seems like it takes a special kind of passion to want to keep up in the business. I kept my questions in mind when gathering research material. While focusing on the key questions, I was able to find information that led me to form answers to them. Christine Craft's biography told of her individual experience of being fired on the basis of her looks and her age. I realized from reading her story that she had a "nose for news", a passion for telling it to the world, and a unique spark that...

Words: 346 - Pages: 2

Premium Essay

Quiz 4

...Quiz link under Assignments. Do not change the font and do not put in any punctuation or other marks in the answer sheet; put only the letter choice of your answer. Also, do not put any spaces before or after the letter you enter as your answer. Be sure to turn off the automatic completion function of cell entries. On the Tools menu, click Options, and then click the Edit tab. Clear the Enable AutoComplete for cell values check box. Please put only your last name on the Answer Sheet in the by writing it in the yellow space. _________________________________________________________________________ 1. Calvin works at a local grocery store to pay his way through college. His work schedule can vary from week to week. One week he works for sixty hours, and the next week he works for twenty. He asked his boss whether he is entitled to overtime at the end of the two-week period. Is he? A. No. He is not entitled to overtime because he did not work in excess of eighty hours in a two-week period. B. Yes. He must be paid twenty hours of overtime for the first workweek. C. No. Employers are entitled to offset the overages of the first week hours with a subsequent reduction of hours. D. Yes. He must be paid sixty hours of...

Words: 3073 - Pages: 13

Free Essay

Embedded Systems Design

...Embedded Systems Design Scott DeCota Modern Operating Systems Embedded systems are all around us. They run the engine, brakes, seatbelt, airbag, and audio system in your car. They digitally encode your voice and construct a radio signal to send it from your cell phone to a base station. They control your microwave, dishwasher, and DVD player. They command robots on a factory floor, power generation in a plant, processes in a chemical plant, and the traffic lights in the city. Embedded operating systems are growing increasingly common in everyday appliances and other devices. These operating systems provide application interfaces for a wide range of different applications. The challenge for developers is to determine which operating system or programming language to use in a particular device or project, and how to utilize the parallelism and concurrency capabilities of the hardware and programming language chosen for a project to design a system of adequate timing precision and efficiency. Developers working with embedded systems need to be extremely diligent in regards to timing and optimization. Embedded systems are frequently interacting with the physical environment in which multiple sources of data may be interacting with the system simultaneously. Developers should have a solid understanding of the parallelism and concurrency capabilities of the hardware for a selected project. These features can occur in different forms that can greatly affect the timing of......

Words: 995 - Pages: 4

Free Essay

No Paper

...1950s The Korean War From the following list, choose five and identify their significance during the Korean War. Japanese occupation; Soviet position after war; 38th parallel, Truman; Syngman Rhee, NSC-68; Soviet support of North; UN position; Chinese involvement; Inchon; Talks at Panmunjom; Martin Letter; General MacArthur; Stalemate; POWs, Armistice agreement |Event |Significance in Korean War | |38th parallel |The 38th parallel was the prewar border between North and South Korea. It became the struggle point of the | | |Korean war. North Korea crossed the 38th parallel and captured Seoul twice. At one time North Korea controlled | | |most of South Korea; U.N. forces always pushed them back north of the 38th parallel. | |Truman |Truman made the decision to aid South Korea. He also fired MacArthur for insubordination. | |NSC-68 |The National Council Report 68. A study done by the National Security Council that influenced foreign policy. | |Inchon |The location of a surprise American invasion that pushed North Korea back across the 38th parallel. | |Martin letter |The letter that MacArthur wrote to Joseph Martin that lead to his dismissal. | The Fabulous Fifties From the following......

Words: 363 - Pages: 2

Premium Essay

Toxic Luxury

...Toxic Luxury Electricity has become a luxury we expect in life. We flip our light switches, charge our cell phones, and turn on our TVs with no thought as to how we our able to enjoy this so called luxury of power. As with most luxuries in life, electricity bears a cost. Yes, monthly we are billed for our household usage by the kilowatt, but there are other costs we’ve neglected to consider. Duke Energy, the largest electrical power holding company in the United States, plead guilty to nine violations of the Federal Clean Water Act in a hearing held this past May, which culminated in a fine of $102 million. The violations resulted from a spill of about 39,000 tons of coal ash due to a collapsed pipe under a coal ash dump that coated 70 miles of the Dan River near Eden, North Carolina with sludge. Coal ash is the inorganic residue left behind when pulverized coal is burned to produce electricity. Coal ash is one of the largest types of industrial waste generated in the United States and in 2012 the nation’s coal plants generated nearly 10 1milloin tons of it. A little less than half of coal ash produced in the United States is recycled into products like concrete, pavement or wallboard. However, the rest is stored, in over 2,000 storage sites across the country, in landfills, quarries or ponds that, over time, accumulates to potentially millions of tons of coal ash that contains some of the world’s deadliest toxic metals: arsenic, cadmium, chromium, lead, mercury and...

Words: 1902 - Pages: 8

Free Essay

A Problem Exists

...Amendment of our Constitution. The Second Amendment gives us the right to keep and bear arms as well as protection from others. I believe citizens should be permitted to carry concealed weapons in their workplaces, such as schools and offices, which would deter criminals, increase security, and create an atmosphere of safety. Homicides by weapon type, 1976-2004. Gun-involved homicides have increased since falling to a low in 1999. Homicides by weapon type, 1976-2004. Gun-involved homicides have increased since falling to a low in 1999. (Berry, 2013)First, gun violence has been a topic of conversation in the political arena for a long time. The most common gun violence as well as violence by itself occurs in poor urban areas usually associated with gang violence. There has been a lot of school shooting such as the Virginia Tech shootings and Columbine high school massacre. It’s almost like clockwork when mass shootings occur there will be a debate on gun laws. Politicians have sought for the correct balance between what regulations to add and what not to add. Second, there has been an increase number of violence in schools that usually involve guns. Every day you turn on the news or read the newspaper you are guaranteed to find this issue in some form. For example, a recent school shooting involving a student that brought a gun to Sparks’ middle school killing one teacher and injuring two students, then decided to take his own life. They don’t......

Words: 1100 - Pages: 5