...2/21/2016 F11MANA3001 Jeff Bezos 104 Get your Wikispaces Classroom now: (https://www.wikispaces.com/t/y/classroomswitch/banner/1/) the easiest way to manage your class. Jeff Bezos 104 (/Jeff+Bezos+104) Edit 35 (/Jeff+Bezos+104#discussion) 25 (/page/history/Jeff+Bezos+104) … (/page/menu/Jeff+Bezos+104) Jeff Bezos It takes a lot of guts to leave the comforts of your stable job on Wall Street, then move your family halfway across the country and invest all of your parents’ life savings to start up a new business with merely a 10% chance of success. However, Jeffrey Preston Bezos, later wellknown as “Jeff” Bezos, decided to make the gamble. “I knew that if I failed I wouldn’t regret that, but I knew one thing I would regret is not trying.” With this philosophy in mind, Bezos created Amazon.com in 1995. Initially, Amazon was just an online bookstore. Over the years though, Amazon diversified its merchandizes and began to sell DVDs, videos, MP3 players, video games and electronics, etc. The humble business, which kicked off in Bezos’s garage, has become a giant online retailer today, shipping a vast range of products to customers around the world. The inspiration for Amazon sparked off when Bezos discovered an amazing phenomenon: internet usage was increasing by 2300% a year. This statistic set off an alarm in his head. He began to brainstorm ideas on how to build a business plan around this growing industry. After doing some research...
Words: 3474 - Pages: 14
...Bibl 104 Quiz 1 Question 1 3 out of 3 points According to the readings the Old Testament canon was completed after the time of Ezra and Nehemiah. Answer Selected Answer: True Question 2 3 out of 3 points According to Fee and Stuart's analysis God is the hero of all biblical narratives. Answer Selected Answer: True Question 3 3 out of 3 points What percentage of the literary genre in the Old Testament is narrative? Answer Selected Answer: 40% Question 4 0 out of 3 points The two types of 'context' Fee and Stuart discussed in this week's reading were… Answer Selected Answer: present and past Question 5 3 out of 3 points In our readings this week the Bible is described in part as, "the Word of God given in human words in history". Answer Selected Answer: True Question 6 0 out of 3 points The focus of the ___________ is on Jesus and his claim to be the Messiah. Answer Selected Answer: All of the above Question 7 0 out of 3 points "To interpret properly the "then and there" of the biblical texts you need to" Answer Selected Answer: both a and c Question 8 3 out of 3 points What is the significance of the Dead Sea Scrolls? Answer Selected Answer: They gave us a much older collection of Old Testament manuscripts. Question 9 3 out of 3 points At the end of Old Testament narratives we are always told whether the events spoken of were "good or bad". We are not expected to be able to judge for ourselves based upon...
Words: 4589 - Pages: 19
...Case study chapter 3, pg. 117: Ethical Dilemma- Bounty Hunters Summary of the case study Rick Raymond is a Private Investigator who investigates employees at the requests of employers. Absenteeism is a huge problem for organizations that has left them desperate for solutions. One solution is to investigate. But one problem for employees is that sick-leave policies are different for every company and sometimes for different divisions within one company, leaving the interpretation up to administrators or employees. There some administrators which are allowed sick leave to be used for other purposes. These situations all present ethical problems for management. New York recently joined the list of cities requiring paid sick leave. Others include Portland, Seattle, San Francisco, Long Beach, and Washington, DC. Other regions are sure to follow. Many consider paid sick leave an act of fairness. This is not a significant increase in expense, and it has a huge impact on the quality of life that the employees leave. 3-12. Discuss the ethical dilemma in requesting the private investigation of an employee ‘s absence. Though investigating ones employees to see the validity of their claims is legal, I see it as unethical unless used as an absolute last resource. Starting with the work place, there is no reasonable assumption to privacy according to the law. The idea is, if you wanted it not to be public, you would either leave it at...
Words: 2198 - Pages: 9
...9-104-071 REV: SEPTEMBER 14, 2007 ROBERT S. KAPLAN DAVID KIRON Accounting Fraud at WorldCom WorldCom could not have failed as a result of the actions of a limited number of individuals. Rather, there was a broad breakdown of the system of internal controls, corporate governance and individual responsibility, all of which worked together to create a culture in which few persons took responsibility until it was too late. — Richard Thornburgh, former U.S. attorney general1 On July 21, 2002, WorldCom Group, a telecommunications company with more than $30 billion in revenues, $104 billion in assets, and 60,000 employees, filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Between 1999 and 2002, WorldCom had overstated its pretax income by at least $7 billion, a deliberate miscalculation that was, at the time, the largest in history. The company subsequently wrote down about $82 billion (more than 75%) of its reported assets.2 WorldCom’s stock, once valued at $180 billion, became nearly worthless. Seventeen thousand employees lost their jobs; many left the company with worthless retirement accounts. The company’s bankruptcy also jeopardized service to WorldCom’s 20 million retail customers and on government contracts affecting 80 million Social Security beneficiaries, air traffic control for the Federal Aviation Association, network management for the Department of Defense, and long-distance services for both houses of Congress and...
Words: 9061 - Pages: 37
...Invest. Innovate. Inspire. For a new India. ANNUAL REPORT 2014-15 India is at the threshold of a new era of growth and opportunity. This is driven by increasing economic activity, ongoing ‘Make in India’ initiatives and a demographically well-placed, aspirational society. Reliance Industries Limited (RIL) continues to be a partner in India’s ongoing journey towards economic and social well-being, and remains committed to investing in and innovating for India. RIL is striving to meet and exceed global benchmarks in product quality and customer service with inspiring ideas and strategic investments. From the manufacturing landscape to high-growth consumer service sectors, RIL is achieving superior outcomes that facilitate India’s drive for global leadership. RIL is delivering industry-leading performance through consistent efficiency in operations and prudent configuration of assets. RIL is making sizable capital investments, focusing on technology and expanding its level of services from the hydrocarbons sector to consumer businesses. RIL innovates for existing businesses and also focuses on developing new business models to deliver g g g y significant value for its growing stakeholder fraternity. In this effort, it collaborates with o s with leading global institutions to help usher in a n era of possibilities. global new is growing o RIL’s focus is to continue growing as a respons responsible organisation, thereby e inspiring progress in...
Words: 182744 - Pages: 731
...criminal due to his rampant thoughts and uncontrollable subconscious is his one fear day in and day out. Orwell’s 1984 was published in 1948, this was his idea of how civilization would turn into a dystopia completely under the control of the government where even thoughts are monitored, it was his fear of how WW II would affect the world and communism would take over. Winston becomes paranoid of his subconscious leading to his demise but soon realizes that there is no need because the government has a weak structure that relies heavily on the obedience of its...
Words: 999 - Pages: 4
...Wor9 - 1 04 - 0 71 R EV: JU LY 2 6 , 2 00 4 RO BERT S. KAPLAN D A VI D KIR O N Accounting Fraud at WorldCom WorldCom could not have failed as a result of the actions of a limited number of individuals. Rather, there was a broad breakdown of the system of internal controls, corporate governance and individual responsibility, all of which worked together to create a culture in which few persons took responsibility until it was too late . — Richard Thornburgh, former U.S. attorney general1 On July 21, 2002, WorldCom Group, a telecommunications company with more than $30 billion in revenues, $104 billion in assets, and 60,000 employees, filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Between 1999 and 2002, WorldCom had overstated its pretax income by at least $7 billion; a deliberate miscalculation that was, at the time, the largest in history. The company subsequently wrote down about $82 billion (more than 75%) of its reported assets.2 WorldCom’s stock, once valued at $180 billion, became nearly worthless. Seventeen thousand employees lost their jobs; many left the company with worthless retirement accounts. The company’s bankruptcy also jeopardized service to WorldCom’s 20 million retail customers and on government contracts affecting 80 million Social Security beneficiaries, air traffic control for the Federal Aviation Association, network management for the Department of Defense and long-distance services for both houses of Congress and the...
Words: 8351 - Pages: 34
...Principles of Accounting: Volume I Principles of Accounting: Volume I Editor-in-Chief: Steve Wainwright Sponsoring Editor: Christina Ganim Director of Editorial Technology: Peter Galuardi Development Editors: Denis Ralling and Dan Moneypenny Assistant Editor: Nick Devine Editorial Assistant: Laura Wilson Media Editor: Kimberly Purcell Composition: Lachina Publishing Services Cover Image: © T-Pool/Stock4B/Corbis ISBN-10: 1-62178-014-7 ISBN-13: 978-1-62178-014-4 Copyright © 2012, Bridgepoint Education, Inc. All rights reserved. GRANT OF PERMISSION TO PRINT: Bridgepoint Education, Inc., the copyright owner of this material, hereby grants the holder of this publication the right to print these materials for personal use. The holder of this material may print the materials herein for personal use only. Any print, reprint, reproduction or distribution of these materials for commercial use without the express written consent of Bridgepoint Education, Inc. constitutes a violation of the Copyright Law of the United States of 1976 (P.L. 94-553). Brief Contents Chapter 1: Introduction to Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Chapter 2: The Accounting System . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Chapter 3: Income Measurement and the Accounting Cycle . . . . . . . 53 Chapter 4: Cash, Receivables, and Controls . . . . . . . . . . . . . . . . . . ....
Words: 1222 - Pages: 5
...in an industry. For this to happen a barrier to entry is involve which give factor or condition in the competitive environment of an industry to make it hard or make an obstruction for new business to start operating in a specific market. When an industry has a low threat the industry become more profitability bringing the business high in profit, which involves the economies of scale which in the book states Scale economies in the production and sale of microprocessors, for example, gave Intel a significant cost advantage over any new rival. Because the threat is low most industry won’t bother fighting them in the business world like a mom and pops stores or starting a new industry. But because it low and archives profitably it is weak in term of level of competitive intensity. For this to happen the industry must be a high threat which bring the fight to the competitive intensity and make it harder for the industry in market to make business because of barriers that are involve make it harder for them. For example, Apple has a strong brand image, innovation and customer service so this make other industry difficult for new entrant to compete against.so for...
Words: 1452 - Pages: 6
...9-104-073 REV: APRIL 26, 2005 ROBERT S. KAPLAN Midwest Office Products John Malone, general manager of Midwest Office Products (MOP) was concerned about the financial results for calendar year 2003. Despite a sales increase from the prior year, the company had just suffered the first loss in its history (see summary income statement in Exhibit 1). Midwest Office Products was a regional distributor of office supplies to institutions and commercial businesses. It offered a comprehensive product line ranging from simple writing implements (such as pens, pencils, and markers) and fasteners to specialty paper for modern highspeed copiers and printers. MOP had an excellent reputation for customer service and responsiveness. Warehouse personnel at MOP’s distribution center unloaded truckload shipments of products from manufacturers, and moved the cartons into designated storage locations until customers requested the items. Each day, after customer orders had been received, MOP personnel drove forklift trucks around the warehouse to accumulate the cartons of items and prepare them for shipment. MOP ordered supplies from many different manufacturers. It priced products to its end-use customers by first marking up the purchased product cost by 16% to cover the cost of warehousing, order processing, and freight. Then it added another 6% markup to cover the general, selling, and administrative expenses, plus an allowance for profit. The markups were determined at the start of each...
Words: 1694 - Pages: 7
...HOFSTEDE: Cultures And Organizations - Software of the Mind Culture as mental programming In Western languages 'culture' commonly means 'civilization' or 'refinement of the mind' and in particular the results of such refinement, like education, art, and literature. This is 'culture in the narrow sense; 'culture one' Culture as mental software, however, corresponds to a much broader use of the word which is common among social anthropologists: this is ‘culture two’. In social anthropology, 'culture' is a catchword for all those patterns of thinking, feeling, and acting referred to in the previous paragraphs. Not only those activities supposed to refine the mind are included in 'culture two', but also the ordinary and menial things in life: greeting, eating, showing or not showing feelings, keeping a certain physical distance from others, making love, or maintaining body hygiene. CULTURE It is the collective programming of the mind which distinguishes the members of one group or category of people from another. It is a collective phenomenon, because it is at least partly shared with people who live or lived within the same social environment, which is where it was learned. Culture is learned, not inherited. It derives from one's social environment, not from one's genes. Culture should be distinguished from human nature on one side, and from an individual's personality on the other: 1 Cultural relativism there are no scientific standards for considering one group...
Words: 9257 - Pages: 38
...Research Paper Done by: Alain Camous Professor Payne March 7, 2012 ENC 1102 Outline Baroque era was where the most important turn in music took place with its unique arts and its controversial styles to music in its time. I. Definition of Baroque Era A. Can mean different things 1. Bizarre 2. Flamboyant 3. Elaborately Ornamented. 4. Historians meaning a. Used to indicate the particular style in all different forms of art. B. Known as “the age of absolutism” 1. Royals abuse power 2. Throws Bach into jail for asking to leave the job C. Shaping of the world 1. Newton 2. Galileo II. Baroque era music and phases A. Famous composers of the time 1. Johann Sebastian Bach 2. George Frideric Handel 3. Monteverdi 4. Purcell 5. Corelli 6. Vivaldi B. Phases in the Baroque era 1. Early 2. Middle 3. Late III. Early Phase A. Homophonic over Polyphonic 1. Two different melodies rather than many IV. Middle Phase A. Spread from Italy to every country in Europe 1. Influenced churches B. Scales gave a new outlook to music in the world V. Late Phase A. Music composed still played today in band rooms all over the world B. Instrumental music more important than vocal music VI. Characteristics of Baroque A. Seven different categories 1. Unity of Mood a. One basic mood b. Emotional states represented 2. Rhythm a. Beat has...
Words: 2752 - Pages: 12
...consequences of the implied term of mutual trust and confidence, in the context of employment contracts. The decision in Commonwealth Bank of Australia v Barker [2013] FCAFC 83 (‘Barker’) has granted some clarification in this area, with the majority confirming that a term of mutual trust and confidence can be implied into all contracts of employment, unless the term would be inconsistent with the express terms of the contract. The decision has created implications for employers who must review the terms of their employment contracts and reconsider their pre-termination processes, and doubt relating to the scope and operation of the term. Facts: Mr Barker was employed as an executive manager at Commonwealth Bank of Australia (CBA); he had a considerable period of service with the bank. In 2009, the CBA undertook a nationwide restructure of its corporate financial services unit, causing Mr Barker’s position made redundant. Its redeployment policy was to reallocate employees to a suitable position where possible, however the banks HR manual provided that the policy did not ‘form any part of an employee’s contract of employment’. Mr Barker was informed that his position had become redundant and he was told that his employment would be dismissed in one month if another position was not found within CBA. On his notification of redundancy, Mr Barker was told to clear his desk, return his keys and phone and told that he was not to return to work, his access to CBA's email and intranet...
Words: 4277 - Pages: 18
...promised $20,000 and that the co-owner of the farm would not allow the transfer of a share in the farm. In order to advise Billy in whether he is entitled to the extra $20,000 and a share in the farm, the key facts and relevant issues must be examined to determine if the elements of a legally binding contract exists. Whether there was an agreement and intention to create legal relations between the two will be used to determine whether Choy has breached a contract between the two. If a contract is found to exist, then the terms must be examined against the facts of the case and the aspects of consideration and promissory estoppel will be considered. a) Are the elements of a contract present in the initial agreement? To determine whether Billy has a right to the extra payment and share in the farm, it must be decided whether the agreement between Choy and Billy is classified as legally binding or not. Three main prerequisites for a valid contract are relevant to this issue: agreement (offer and acceptance), intention to create legal relations and consideration. Choy’s request that Billy give up his tertiary studies for one year to work on the farm for a payment of $30,000 and a share in the farm has the characteristics of an offer, as Choy had the intention to bind his promise if Billy were to accept. There was a firm promise and proper communication was directed at Billy only. Choy’s request can be distinguished from an “invitation to treat” as Billy could not make...
Words: 2706 - Pages: 11
...HOFSTEDE: Cultures And Organizations - Software of the Mind Culture as mental programming In Western languages 'culture' commonly means 'civilization' or 'refinement of the mind' and in particular the results of such refinement, like education, art, and literature. This is 'culture in the narrow sense; 'culture one' Culture as mental software, however, corresponds to a much broader use of the word which is common among social anthropologists: this is ‘culture two’. In social anthropology, 'culture' is a catchword for all those patterns of thinking, feeling, and acting referred to in the previous paragraphs. Not only those activities supposed to refine the mind are included in 'culture two', but also the ordinary and menial things in life: greeting, eating, showing or not showing feelings, keeping a certain physical distance from others, making love, or maintaining body hygiene. CULTURE It is the collective programming of the mind which distinguishes the members of one group or category of people from another. It is a collective phenomenon, because it is at least partly shared with people who live or lived within the same social environment, which is where it was learned. Culture is learned, not inherited. It derives from one's social environment, not from one's genes. Culture should be distinguished from human nature on one side, and from an individual's personality on the other: 1 Cultural relativism there are no scientific standards for considering one group...
Words: 9257 - Pages: 38
