...(Jessie) MACC-663-OL1 Paul Zikmund Due Date: Sep.15th Individual assignment 2 “The Fraud Triangle is a model for explaining the factors that cause someone to commit occupational fraud”; it is widely used within business companies. It consists of three components that, together, lead to fraudulent behavior. Those three factors that must be present at the same time in order for an ordinary person to commit fraud: pressure, opportunity and rationalization. Michael D. Frenza has mentioned it in his article “Fraud perpetrators usually have a non-sharable pressure, they recognize a perceived opportunity, and then they rationalize their actions”. It is so important for companies to incorporate the fraud triangle theory in order to reduce the risk of misconduct within their organization. A company must recognize the common elements in most fraud cases. Once an employee has a pressure, they must find an opportunity to remedy their problem. There are a lot of opportunities within the companies for them. For example, the weak internal controls that fail to prevent, lack of management by top managers, irregular of auditors. When they take the advantage of those opportunities, they rationalize their actions. Most of them don’t realize they are Criminals. They all have one common sense that they will pay back money later to make up the economic losses. It seems like not a big deal for them. The pressure component of the Fraud Triangle is not easily controlled by companies. Therefore...
Words: 650 - Pages: 3
...Is America really a land of opportunity? Is it really a place where one can transform their dreams into a reality? Technically, it can be described as a meritocracy. This means that anyone can do anything they wish to, given that they take the right steps. It is known as a land of opportunity; somewhere that aspirations are within reach if the right individual is willing enough. America continues in its meritocratic nature to this day by allowing driven individuals to become what they have always dreamed of through hard work and dedication. Taking beneficial classes and making good grades in those classes allows individuals to lay the foundation for their own success. By building a stellar transcript, determined students are setting themselves...
Words: 540 - Pages: 3
...After effort and timing, the final objective that Gladwell shows which needs to happen, is that you need to take opportunities. That means that you must be lucky and have to opportunities arise. He uses big, well-known names in order to show that ordinary people were given opportunities and conquered them. One example that he uses is The Beatles. He explains how they were given the opportunity to play in Hamburg at some club, and they took it. They soon went from playing one hour a night to eight hours a night. This improves their skills over time. They soon were playing all the time and became famous. The mention of the name grabs the attention of the reader because they can relate to the story in a way. This caters towards the population...
Words: 727 - Pages: 3
...have done to expand your network. Your write-up should be no more than 2 pages (single-spaced) and include the following information: * What action did you take to expand your network? (Be specific) * Why did you take this action? (What weakness in your network were you seeking to address?) * What was the outcome? * What, if anything, would you do differently when seeking to expand your network in the future? | Actions I take to expand my network and reasons: 1) Grab opportunities I grab opportunities that I know they will help me getting to know “quality” people. Those people can help me learn new skills that I need for my future career and support. In addition, they may be “doorways” of opportunity. Currently, I am a Recruitment Volunteer Assistant at HealthEssentials LLC. It is a profit healthcare company. Although I work at a volunteer, I have a chance to work with the recruiters, office managers, and senior leaders. They show me skills that I have not known before, from basic skills like dealing with paperwork to communicating with CEO, CFO, COO, and other important high-level people. 2) I realize that I may need help from the above people. There is a chance that they can help me to find a real job in the company after my graduation; or they may lead me to other opportunities to have a better job with other companies. They can recommend me to other companies. In this situation, I think long-term; I must build ties before I need them. We...
Words: 719 - Pages: 3
...in order for us to greatly learn and apply this learning for the future. • Learn to use your emotions to think, not think with your emotions. This point tells me about my emotional quotient or E.Q. which my teacher in high school told me to handle wisely the most. Emotional Quotient is like more important than Intelligent Quotient because when emotion governs your senses, it may lead to sometimes regrettable happenings in life. As the saying goes: Don’t make decisions when you are angry and don’t make promises when you are happy”, this clearly means that actions when extreme emotion is not good. You should learn to control your emotions rather than emotions controlling you. Don’t let your emotion mix with the way you think but let those emotions the reason for you to think. • A true luxury is a reward for investing in and developing a real asset. This point tells us about having luxury. Luxury is defined as something desirable for comfort or enjoyment, but not an indispensible or another meaning is that luxury is a choice or costly surroundings, possessions, food and...
Words: 645 - Pages: 3
...Outliers, Gladwell invalidates the rather common conception that those who are successful rise from nothing through pure hard work. He does this by introducing the Matthew Effect as part of his argument. The Matthew Effect can be described as a circumstance in which those who are already at the top, continue to be given opportunities, which later causes them to “rise above,” or simply be more at an advantage than others. Gladwell also gives examples where this phenomenon is present, from sports to the school system. In the classroom, there is always that notion that those who are high performers should be given more advanced work to be able to keep the student aware and not fall behind. At a young age, I was that student being given extra work. I was always the child to get near impeccable grades. Teachers would notice and grant me with certain opportunities they did not give other children. This of course, only made me a stronger student. The Matthew Effect concept applies to me in the way that I have been given more...
Words: 555 - Pages: 3
...Qualities of Leadership The answer to the question of what truly makes a leader has been marked by both its elusiveness and ambiguity. As far back as one can look in history it seems that the great leaders of men are those fearless and intelligent men who put the interests of those whom they lead before themselves. However, one must ask whether the measure of a leader is truly marked by his courage and magnanimity. Surely, these are qualities of a great man, but are great men, by virtue of being great, also great leaders? Unfortunately in order to truly attempt to answer this question one must look past general qualities of character, and attempt to understand how these individuals were able to achieve what they have through a thorough analysis of what they have done as well as how they are perceived. With all this being understood it should be understood that leaders are outliers. They are those who are marked by qualities that, for whatever reason, others do not. Consequently, these qualities can be seen in one’s ability to have and seek aspirations that will challenge one’s self, recognize opportunity when it presents itself, have the courage to take risk, properly utilize the resources at one’s disposal, maintain an air of confidence and positivity, and pursue the cultivation of one’s intellect with an insatiable hunger. One who does all these things has the makings of a leader within them, and in the world of professionalism we find ourselves in today one would be well...
Words: 682 - Pages: 3
...a matter of preparation meeting opportunity". This statement reflects the notion that without preparation, many cherished opportunities would be lost. As an inspiration to many people, Oprah is trying to convey the thought that you are unable to be success without doing the heavy lifting required. The concept of heavy lifting can be interpreted in many ways. Hours spent studying, days spent pounding the pavement, weeks spent researching an idea, or years spent honing a craft. All of these tasks are an attempt to prepare for something. That something could be called opportunity. Many in society today look upon the successful as lucky. There is a feeling that opportunity comes to those who know someone. If you speak with successful people, there are the fortunately ones who achieve due to family influences or just the notion of being at the right place at the right time. However, most people spent years preparing for the moment of opportunity. When the moment hit, it is seized upon, and that is sometimes considered luck by other. In reviewing the notion of this question, one must ask if you want to take the literal meaning, or figurative meaning of the statement. If taken literally, one must think that luck is needed for opportunity. Figuratively, the statement reflects that anyone can make their own luck. Being prepared, doing the work that others are unwilling or unable to do, will be the reward itself. Opportunity comes to those who prepare for it. One may wish...
Words: 632 - Pages: 3
...Awareness and Exploitation of Entrepreneurial Opportunities An awareness of entrepreneurial opportunities that occur around us everyday has led to the discovery of everything we know and possibly take for granted today. The only difference is that where one person does not recognise an opportunities potential, there is generally an entrepreneur there to grasp it and harness its true value whether it be for personal, commercial or public exploitation. This idea of an entrepreneurial opportunity will be examined by considering means-ends relationships and also the concept that these ideas are a combination of both objective and subjective forces. Throughout this essay the idea that entrepreneurial opportunities are discovered will be discussed by outlining three key attributes that propagate this discovery. In addition to this it will be argued that the notion of opportunity creation is an incremental subset of discovery and although it is not the front running process it still plays a key role in opportunity development. Shane and Venkateraman (2000) view entrepreneurial opportunity as employing a set of resources to their best use and selling them for a profit by correctly interpreting market forces. This is generally accepted as the conceptualisation of entrepreneurial opportunities, but there are disagreements about how these opportunities arise, their origin, and their nature [ (Companys & McMullen, 2007) ]. The integration of these resources can be described as a means-ends...
Words: 2217 - Pages: 9
...determining actions, to enhance opportunities and reduce threats to the project’s objectives. A project team member is assigned to take responsibility for each risk response. This process ensures that each risk requiring a response has an owner monitoring the responses, although the owner may delegate implementation of a response to someone else. There are several risk response strategies that can be discussed however; each of the strategies requires specific actions to be developed to implement the strategy and the idea of assigning a team member is to increase accountability and making sure nothing falls off unattended. The project identified risks that are a threat to the project and only procurement providing opportunities too. The strategies applied for threats in many of the cases vary from those applied for opportunities. For threats the strategies that employed are avoid, mitigate, and transfer while for opportunities, exploit, share and enhance are used and acceptance which is used when it is not possible to respond to the risk. 7.1 Avoid. Risk can be avoided by removing the cause of the risk or executing the project in a different way while still aiming to achieve project objectives. Not all risks can be avoided or eliminated, and for others, this approach may be too expensive or time‐consuming. However, this should be the first strategy considered. 7.2 Transfer. Transferring risk involves finding another party who is willing to take responsibility for its...
Words: 1241 - Pages: 5
...consumer and the service provider; shown at the top of the matrix. There are 3 degrees of contact. In the buffer core, there is no contact. The permeable system allows for some customer contact either by phone or face to face. Finally the react able system is both permeable by the customer, and responds to his or her needs. The left side of the matrix tracks the second factor of service, which is the opportunity for sales. The greater the amount of contact; the greater the sales opportunity. The right side of the matrix represents the third factor o the system; the production efficiency. Services that require a large amount of customisation and customer input have lower efficiency. The matrix identifies six common ways in which services can be delivered. These methods range from mail contact, which involves no direct contact with the consumer. To face-to-face total customisation; which responds directly to the needs of the customer. The matrix system demonstrates that as customer influence increases, production efficiency falls, this offset however by an increase in opportunity for...
Words: 1578 - Pages: 7
...The Digital Divide INF 103 Computer Literacy Sean O’Leary, DM, MBA 4/21/14 The digital divide is a phrase used to address the gap between those who have ready access to the information and communication technologies, the knowledge that they provide access to, and those who do not. In the global digital information age those who are either unable to access the internet are increased disadvantage in their access to information. In most western nations government policies are being established which attempt to ensure that all citizens have the opportunity to access and effectively use the internet, in order to enable them to participate fully in the educational, social and economic activities. While it can be argued that several factors contribute to the digital divide, economics appears to be the biggest contributing factors for access to the Digital Opportunity Index. The Introduction to Digital Literacy, explains the digital divide as related to threat that results from groups of underprivileged people not having access to computers and the internet. According to Bowles, 2013, the fact that some people have easy access to the benefits computers provide; while many others are cut off from them, is considered an ethical issue. The information rich are on one side, and those who are poor, living in underdeveloped countries, or who live in a rural area with no internet access on the other side. The number of homes in the United States with personal...
Words: 2646 - Pages: 11
...Part I: Communication Competence Analysis Place a checkmark next to those skills that you feel you need to work on. 1. I’m sensitive to contexts of communication. I recognize that changes in physical, cultural, social– psychological and temporal contexts will alter meaning. 2. I assess my channel options and evaluate whether my message will be more effective if delivered face-to-face, through e-mail, or by some third party, for example. 3. I look for meaning not only in words but also in nonverbal behaviors. 4. I am sensitive to the feedback and feed forward that I give to others and that others give to me. 5. I combat the effects of the various types of physical, psychological, and semantic noise that distort messages. X 6. I listen not only to the more obvious content messages but also to the relational messages that I (and others) send, and I respond to the relational messages of others to increase meaningful interaction. 7. Instead of looking only at the punctuation patterns, I also look at the patterns that others might be using in order to understand better the meanings communicated. 8. Because communication is transactional, I recognize that all elements influence every other element in the communication process and that each person communicating is simultaneously a speaker/listener. 9. Because communication is purposeful, I look carefully at both the speaker’s and the listener’s purposes. X 10. Because communication is inevitable, irreversible...
Words: 1715 - Pages: 7
...Last week many of us had the distinct pleasure in wishing John Sanders Fair Winds and Following Seas as he sets a new course in his life and begin his retirement after thirty-one years of dedicate service to NPS and our nation. John served this institution well having held many areas of responsibility from leading out Public Affairs office to more recently his position as Special Collections and Archives Manager. John contributed greatly to increasing the world-wide awareness of NPS’ mission and its historic value within the Monterey community. Thank you John and Linda, and congratulations on this milestone achievement! For those of us fortunate enough to be able to work and live in Monterey, it’s easy to take for granted the tremendous opportunity...
Words: 406 - Pages: 2
...International Leadership: Am I the Right Fit? Jeffrey A. Bolton University of Maryland University College Abstract Being selected for this new leadership opportunity was a great honor for me. This was truly a step above opportunity for me and the demands of the position would be a challenge to me and my family. I have never really worked outside the continental United States and this opportunity required me to manage multiple offices of this corporation and some were abroad. I had to ask myself if I truly was the right candidate for this opportunity. Being noticed because of my knack of being a proven leader with positive results with my current employer was great but was I ready to take on a new challenge that had more of a multicultural twist? That was the question I had to find the answers. I was informed that I was to meet with the CEO of the company at 3:00 PM and I was nervous. If you had a meeting at that time of a day, it usually was not good. I was a nervous wreck as I sat in his office expecting the worse. To my relief, I found out that not only was I not losing my job, I was being offered an amazing opportunity. I was selected as a candidate for a leadership position in an international corporation and I was being heavily recruited by that company based on what they heard about me. Of course, this opportunity brought on additional challenges for me as well as my family because it would require a lot of traveling both here in the United States and abroad to four...
Words: 2344 - Pages: 10
