The Siemeans settlement in 2008 with the DOJ and SEC was one of the largest penalties ever imposed in an FCPA case, amounting to a record-setting $800 million.
In 2008, Siemens, a multinational conglomerate based in Germany, reached a settlement with the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) regarding violations of the Foreign Corrupt Practices Act (FCPA). The settlement resulted in Siemens agreeing to pay a staggering $800 million in penalties, making it one of the largest fines ever imposed in an FCPA case. The FCPA prohibits bribery of foreign officials by companies listed on U.S. stock exchanges, and Siemens had been involved in a widespread bribery scheme spanning several countries. The record-setting penalty served as a significant deterrent and highlighted the seriousness of FCPA violations.
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In many organizations carrying weapons or fighting are infractions calling for immediate termination. Why do believe this is so and do you agree or disagree with the practice?
This is so because carrying weapons or fighting are a threat to life and also can land the employer in trouble according to OSHA guidelines. Yes, I agree with the practice that such infractions need severe considerations and punishments, especially since we need to consider the principles of ethics, workplace safety as well as social conduct.
Even though it's one of a manager's most disagreeable tasks to fire an employee, there are times when it's the only wise move to do so. Any actions that endanger other employees and workplace safety will result in their immediate firing. This covers acts of aggression, vandalism, and purposefully putting the safety of other workers at risk by bringing hazardous materials like weapons to work. It is also not acceptable to use drugs or alcohol while at work or to arrive at your employment while under the influence of either. In other fields, like manufacturing, it is also grounds for immediate dismissal to violate safety regulations and endanger the health and safety of other workers.
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A broker dealer underwrites an offering in which the registration statement contained material errors and omissions. To sustain a burden of proof that it is not liable, the firm must have had reasonable grounds to believe the registration was true and complete, based on a prudent man standard, as of what point in time
If the firm must have had reasonable grounds to believe the registration was true and complete, based on a prudent man standard, the point in time is the effective date.
Who is a broker dealer?Broker dealer can be defined as someone who deals in trading business by selling and buying of Stocks, bonds etc.
The effective date is the date the firm can tend to believe the registration was true and complete, based on a prudent man standard based on the fact that effective date is the date in which the event take effect.
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What are the key challenges facing total with respect to financial communication?
The key challenges facing total with respect to financial communication are
Cultural differences.Attitude.Lack of motivation.Listening skills.Written communication quality.Appropriate communication tools.Communication is "an apparent answer to the painful divisions between self and other, private and public, and inner thought and outer world." As this definition indicates, communication is difficult to define in a consistent manner, because in common use it refers to a very wide range of different behaviors involved in the propagation of information. John Peters argues the difficulty of defining communication emerges from the fact that communication is both a universal phenomenon and a specific discipline of institutional academic study.
One definitional strategy involves limiting what can be included in the category of communication By this logic, one possible definition of communication is the act of developing meaning among entities or groups through the use of sufficiently mutually understood signs, symbols, and semiotic conventions.
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Oberholser, Inc., has an issue of preferred stock outstanding that pays a dividend of $3.15 every year in perpetuity. If this issue currently sells for $92 per share, what is the required return
The required rate of return is $3.42%
What is Perpetuity?A constant cash flow with indefinite period of time is called perpetuity. In this question a perpetual payment of dividend is being made. so the price of the share is calculated by the formula of perpetuity.
Given:
Present value of perpetuity = $92 per share
Cash flows = $3.15 every year
Find:
Rate of return can be calculated from the perpetuity formula
Present value of perpetuity = Cash flows / Required rate of return
Present value of perpetuity = Cash flows / Required rate of return
$92 = $3.15 / Required rate of return
Required rate of return = $3.15 / $92
= 0.0342
= $ 3.42%
Therefore the Required return for Oberholser, Inc will be 3.42%.
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How differently would you allocate assets between an elderly couple and a young entrepreneur?
According to conventional wisdom regarding asset allocation by age, you should hold a proportion of stocks equal to 100 minus your age. Therefore, if you are 40 years old, 60% of your portfolio should consist of equity. Criteria might be better changed to 110 minus your age or 120 minus your age because life expectancy increasing.
By deducting your present age from 100, you can utilize rule of thumb to determine your asset allocation. It implies that as you get older, you should shift away from equity funds and toward debt funds and fixed income assets in your asset allocation.
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Which two actions can be taken immediately during the management review and problem-solving meeting?
The action which can be taken during the management review and problem solving meeting is that, "combining teams in order to increase the velocity."
During the management review and problem-solving meeting combining teams to increase velocity provides the team direction and ensure the path is as obstacle free as possible. Also, to negotiate scope changes and resolve other problems by agreeing to various planning adjustments.
The key objective for problem solving meetings is to find the most optimal solution which can resolve an issue facing the group or organization. Management review is a systematic assessment to 'measure the effectiveness of the organizations' management system.
Hence, the action which can be taken during the management review and problem solving meeting is to combine teams in order to increase the velocity.
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Common stock's par value is ______. Multiple choice question. the same as the common stock's market price the common stock's average price an insignificant amount specified in the corporate charter the same as a bond's par value
Common stock's par value is an insignificant amount specified in the corporate charter.
What is common stock?
Common stockholders are the owners of the rights to participate in the election of the board of directors, vote on significant corporate policies, and claim a portion of the company's profits.
Meaning of par value:
The value the company assigns the stock in its articles of incorporation is arbitrary and has no bearing on the stock's market price. The par value of a common stock has no significance to investors. Stock sales in excess of par value are noted on the balance sheet of the company.
Meaning of corporate charter:
The founding members of a corporation must submit a legal document to the secretary or registrar of the state where they intend to conduct business, which is known as a corporate charter or articles of incorporation. Only after the charter is approved does the company formally become a corporate entity.
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Work performance information and cost forecasts are main outputs of which process
Work performance information and cost forecasts are the main outputs of cost control.
What is cost control?It is the set of practices that assist in the control and organization of financial resources, in order to establish a budget that is a useful tool for greater understanding of income and expenses and greater coordination of the correct allocation of finances to fulfill your needs and for the achievement of objectives and goals.
In a company, cost control will help in effective positioning in the short and long term, helping to correctly understand the company's financial situation in a period, in addition to helping in the forecast of costs, expectations and planning as a whole.
Therefore, cost control is a set of tools that assists in the budget control of a company or an individual, being positive for the best organization of finances.
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A catalog company that receives the majority of its orders by telephone conducted a study to determine how long customers were willing to wait on hold before ordering a product. the length of time was found to be a random variable best approximated by an exponential distribution with a mean equal to 3 minutes. find the waiting time at which only 10% of the customers will continue to hold.
The waiting time at which 10 percent of the customers would continue to hold in the catalogue company is given as 0.316
How to solve for the waiting timeWe have to solve for X ~ Exponential(λ).
then E(X) = 1/λ = 3,
= 0.3333
Remember that the cumulative distribution function of X is F(x) = 1 - e^(-λx). ; x is equal to the time in over case
For 10 percent of the people we would have a probability of
10/100 = 0.1
we are to find
P(X ≤ t)
= 1 - e^(0.3333)(t) = 0.1
Our concern is the value of t
Then we take the like terms
1-0.1 = e^(0.3333)(t)
1/0.9 = e^(0.3333)(t)
t = 3 * ln(1/0.9)
= 0.3157
~0.316
The waiting time at which 10 percent of the customers would continue to hold in the catalogue company is given as 0.316
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A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a
The initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
What is the lettuce market?Lettuce is divided into two types: head (iceberg) and leaf (romaine, butterhead, and leaf). Since colonial times, lettuce has been farmed in the United States. The ice shipping industry emerged in the western states in the early 1900s, boosting the range and appeal of lettuce. Only potatoes outnumber lettuce salads in terms of annual consumption per capita. In 2015, the annual consumption of all varieties of lettuce was 25.8 pounds per person, with head lettuce accounting for 51% (13.3 pounds per person). Consumption of lettuce was about the same as in the preceding three years, but down approximately 20% from ten years before.As a severe drought has damaged this year's lettuce crop.
Therefore, the straightforward initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
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Complete question:
A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a _____
A. decrease in the demand for lettuce.
B. rightward movement along the demand curve for lettuce.
C. a decrease in the supply of lettuce.
D. a decrease in both the demand and supply of lettuce
6. Corinne has just gotten her first job and wants to apply for her first credit card. Based on what you have learned in this unit, what advice can you give Corinne? Your response should include the following information:
-What Corinne should do before applying for the credit card
-Which elements of the credit card agreement Corinne should focus on once her application is accepted
-What Corinne should do in order to best manage her credit
-The potential downsides of having a credit card
The things that Corinne should do before applying for the credit card include:
See what the fee includes.Make sure the rewards align with your spending habits. Time the sign-up bonus appropriately.What are credit cards?Credit cards gives one a line of credit that can be used to make purchases, balance transfers and cash advances and requiring that you pay back the loan amount in the future.
The things that she should focus on include:
Practice responsible spending.
Choose a credit card payment plan.
There should be an emergency fund.
The thing that Corinne should do in order to best manage her credit include building a budget and paying the credit card bills at the appropriate time.
The potential downsides of having a credit card are:
Paying high rates of interest.
Credit damage.
Credit card fraud.
Cash advance fees and rates.
Annual fees.
Credit card surcharges.
Other fees can quickly add up.
Overspending.
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If a price ceiling is not binding, then
Answer:
there will be a surplus in the market
If people have a high degree of _______ one is more likely to want to stay with their current company.
If people have a high degree of organizational commitment one is more likely to want to stay with their current company.
Organizational commitment means the connection or the bond that the employees have with their organization or the employer. It all depends upon their psychology that more attachment they have with their employer or the organization more will they want to stay in it.
It defines different variables such as the job performance of the employees, turnover of the company or the employee employer relationship.
A model of commitment was given by Meyer and Allen in which they defined three types of commitment:
Affective commitment
Continuance commitment
Normative commitment.
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Which price control would cause a shortage of 20 units of the good? a price floor of $6
The price control that would cause a shortage of 20 units of the good is price celling set at $6.
What is price celling ?A price ceiling, can as well be regarded as the price cap, which is the highest point at which goods and services can be sold.
This serves as the type of price control as well as the the maximum amount in the market, and in the case , that is described above , The price control that would cause a shortage of 20 units of the good is price celling set at $6.
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Firms that pursue an unrelated diversification strategy and are unable to create additional value tend to experience which of the following
Firms that pursue an unrelated diversification strategy and are unable to create additional value tend to experience a D)diversification discount.
Diverse companies change at a reduction relative to comparable single-section firms. We argue in this paper that this observed bargain isn't always in keeping with the evidence that diversification destroys fees. companies select to diversify. company characteristics that make firms diversify may additionally purpose them to be discounted.
We discover that there is a diversification bargain: The marketplace values of monetary conglomerates that interact in multiple sports, e.g., lending and non-lending financial services, are decreased than if those financial conglomerates were broken into economic intermediaries that specialize within the person's activities.
The diversification top class is the additional return that buyers can obtain with the aid of correctly diversifying their portfolios across a range of asset instructions. Powerful diversification calls for something substantially wiser than just shopping for a group of budget or ETFs, however, it's miles well really worth the effort.
Your question is incomplete. Please find below the complete question.
Firms that pursue an unrelated diversification strategy and are unable to create additional value tend to experience which of the following
A) product discount
B) financial controls
C) strategic controls
D) diversification discount
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Three law partners form a Cross-Purchase Buy and Sell agreement. This agreement is funded with individual life insurance. How many total life policies are needed for this agreement
The total life policies that are needed for this agreement is: 6.
What is cross-purchase agreement?A cross-purchase agreement can be defined as a process that enables a business partners to buy a decease shares of a business and this process often depend on a life insurance policy.
Hence, the total life policies that are needed for this agreement will be 6 total life policies.
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What types of performance measures you will use to measure the performance of your informatics solution project
Workload or output measures, Efficiency measures, Effectiveness or outcome measures and Productivity measures will use to measure the performance of our informatics.
The study of the composition, dynamics, and interactions of biological and artificial computer systems is known as informatics. The representation, processing, and exchange of information in unnatural and artificial systems are the subjects of informatics.
The study of computing systems, particularly those used for data storage and retrieval, is known as informatics. According to ACM Europe and Informatics Europe, the terms "informatics" and "computer science," both of which center on the transformation of information, are interchangeable.
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Costs, also called differential costs, are the additional costs incurred if a company pursues a certain course of action.
Costs, also called differential costs, are the additional costs incurred if a company pursues a certain course of action is the extra or incremental income obtained from choosing one course of action over another. sums that the business would avoid if it got rid of the section.
How Does Differential Cost Work?The cost difference between two potential decisions or a change in production level is known as a differential cost. The idea is applied when there are several viable options to consider and it is necessary to choose one and reject the others.The idea might be especially helpful in step costing scenarios when creating an extra unit of output might incur a sizable additional cost.What is the additional cost?A cost that is mentioned in a spell's rules text or added to a spell or ability from another effect and that its controller must pay in addition to the mana cost or activation cost of the spell or ability they are controlling is known as an additional cost. Only when a cost is expressed using the word "additional," is it considered an additional expense. Optional or required charges may apply.Learn more about differential costs and additional costs here:
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A sudden increase in business pessimism shifts the aggregate-________ curve, leading to ________ output.
A sudden increase in business pessimism shifts the aggregate demand curve, leading lower output.
What is aggregate demand curve?
The total amount spent on domestic goods and services in an economy is known as aggregate demand.
The relationship between the amount of total spending in the economy and the price level for products is depicted by the aggregate demand curve's downward slope.
Aggregate demand includes all four components of demand:
Consumption
Investment
Government spending
Net exports—exports minus imports
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Janice works for an investment banking firm. Her company helps new companies begin the process of offering securities for sale. Janice herself also publishes analyses on the financial security of individual investments. Which of the following is true
Janice works for an investment banking firm. Her company helps new companies begin the process of offering securities for sale. Janice herself also publishes analyses on the financial security of individual investments Janice may assist in new companies’ issuance of securities as long as she makes notice of a conflict of interest
Financial security reaches a point where you are stable with enough money to pay off debt, pay monthly expenses, invest for retirement, and keep money in the bank for emergencies.
Elementary security is a financial asset or instrument that has value and can be bought, sold, or traded. Some of the most common examples of securities are stocks, bonds, options, mutual funds, ETF stocks, liabilities, and equities.
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When a sales representative calls on a customer, or a call comes in to the customer service center, these are called customer ________. Multiple Choice
When a sales representative calls on a customer, or a call comes in to the customer service center, these are called customer Touch point.
When a sales representative calls on a customer, or a call comes in to the customer service center?The direct one-on-one connection between a customer making a purchase and a representative of the business selling it is known as customer service. The majority of retailers believe that this one-on-one contact is essential to ensuring customer satisfaction and promoting repeat business. When a sales representative calls on a customer, or a call comes in to the customer service center, these are called customer Touch point.
Even now, when a large portion of customer service is handled by automated self-service platforms, the ability to speak with a live person is still regarded as essential by the majority of firms. It's an important component of servant leadership.Customer service is the communication between a product's purchaser and the business that sells it.Effective customer service ensures brand loyalty one consumer at a time, which is essential for corporate success.Automation of customer service systems has been the focus of recent advancements, however the human aspect is in some cases, indispensable.Learn more about representative calls here:
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A tax that imposes a small excess burden relative to the tax revenue that it raises is.
A tax that imposes a small excess burden relative to the tax revenue that it raises is an efficient tax.
What Exactly Is Tax Efficiency?The least amount of taxes that are legally required to be paid by a person or a corporation is known as tax efficiency. When a financial choice results in a lower tax bill than a competing financial structure that serves the same purpose, the choice is said to be more tax-efficient.
Tax-Advantaged Mutual Fund
Another approach to lower tax obligations is to invest in a tax-efficient mutual fund, particularly for taxpayers without access to a tax-deferred or tax-free account. In comparison to other mutual funds, a tax-efficient mutual fund is taxed at a reduced rate. Compared to the standard mutual fund, these funds often produce lower rates of returns through dividends or capital gains.
Mutual funds that provide little to no interest income or dividends include small-cap stock funds and passively managed ones, including exchange-traded funds (ETFs) and index funds.
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Another name for a negotiated labor-management agreement is a?
Another name for a negotiated labor-management agreement is a Collective bargaining agreement (CBA).
What is Collective bargaining agreement ?Collective bargaining agreement can be regarded as the contract which encompass results of the negotiations that exist between the employer and the union.
Therefore, Another name for a negotiated labor-management agreement is a Collective bargaining agreement (CBA).
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A manager asks a chef to continue cooking chicken breasts after seeing them cooked to an incorrect temperature. This is an example of which step in active managerial control?
The action where the manager asks the chef to cook the chicken breasts again is what is called corrective action.
What is corrective action?This is an action that has to be carried out as a way of taking care of something that has not being done in the way that it should have been done. It is the way of getting people to take care of their mistakes.
The manager wants the chef to take care of her mistakes this was the reason why he has asked her to re cook the because the temperature was not right.
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When producers manage all marketing functions at the retail level they are employing a(n) distribution system.
When producers manage all marketing functions at the retail level they are employing an administered distribution system.
What is distribution system?This refers to how goods produced by manufacturers are moved or transported from production place to final consumers.
Distribution system refers to the transmission of the goods and services and equipment to the end users from the manufacturer. It involves all the methods, logistics and the procedures which is required for the flow of the goods and services to the users.
Advantages of distribution systems are:
1. Distributed systems consists of high implementation costs, but are cost effective in the long run.
2. Distributed systems are made to be efficient in every aspect since they posses multiple computers.
3.The distributed systems are far more reliable than single systems in terms of failures.
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Which performance appraisal error reflects the tendency to rate every employee at the low end of the rating scale, regardless of actual performance?
"Errors of strictness" reflects the tendency to rate every employee at the low end of the rating scale, regardless of actual performance.
What are the mot common types of performance appraisal error?below mentioned are some of the common types of performance appraisal error.
PartialityPartiality is "the fact that information is incorrect as a result of the method employed to gather or convey it," according to the dictionary. This can also occur during performance reviews when, consciously or unconsciously, the appraiser takes a stand for or against the subject of the evaluation.
StereotypingStereotyping is a concept, idea, or model that is applied to individuals or groups over time. These clichés are typically used to categorize someone, and we instinctively presume that they have the same features as the other members of this group.
StrictnessOne of the most frequent mistakes in a performance review is the strictness. This occurs when an appraiser extrapolates one of the employee's attributes to encompass all the other factors that are being looked at.
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A major goal of Zappos is to treat its ________ with integrity, honesty, and commitment. Group of answer choices employees employees, customers, and community customers employees and customers
A major goal of Zappos is to treat its (A) employees with integrity, honesty, and commitment.
What is Zappos?Zappos.com is an American online shoe and clothes shop headquartered in Las Vegas, Nevada. Nick Swinmurn started the company in 1999 and launched it under the domain name Shoesite.com. Amazon purchased Zappos in July 2009 in an all-stock transaction valued at roughly $1.2 billion at the time. Amazon paid Zappos for all outstanding shares and warrants in exchange for 10 million shares of Amazon common stock and $40 million in cash and restricted stock. Zappos prioritizes treating its employees with integrity, honesty, and devotion.Zappos prioritizes treating its employees with integrity, honesty, and devotion.
Therefore, a major goal of Zappos is to treat its (A) employees with integrity, honesty, and commitment.
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Complete question:
A major goal of Zappos is to treat its ________ with integrity, honesty, and commitment. Group of answer choices employees
(A) employees
(B) customers
(C) community customers employees and customers
A decrease in private sector borrowing and spending caused by increased government borrowing is:.
A decrease in private sector borrowing and spending caused by increased government borrowing is crowding out.
What is crowding out?Crowding out is a phenomenon in economics that occurs when increased government participation in a sector of the market economy has a significant impact on the rest of the market, either on the supply or demand side of the market.One type that is commonly discussed is when expansionary fiscal policy reduces private-sector investment spending. Government spending is "crowding out" investment because it requires more loanable money, raising interest rates, and limiting investment spending. This fundamental study has been expanded to include numerous channels, which may result in little or no change in total output.Therefore, a decrease in private sector borrowing and spending caused by increased government borrowing is crowding out.
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We say that the economy as a whole is in macroeconomic equilibrium if:
For the economy as a whole, macroeconomic equilibrium if the total spending, or aggregate expenditure, equals total production, or GDP: Aggregate Expenditure = GDP.
Macroeconomic equilibrium happens when the quantity of real GDP demanded equals the amount of actual GDP provided at the point of intersection of the ad curve and the AS curve. If the amount of actual GDP provided exceeds the amount demanded, inventories pile up in order that corporations will reduce production and expenses.
Macroeconomic equilibrium is a situation within the economy in which the amount of combination called for equals the quantity of aggregate supply. If there are changes in both aggregate call for or mixture deliver, you can additionally see a trade-in rate, unemployment, and inflation.
The amount of output furnished may be extra than the mixture demand. charges will begin to fall to dispose of the surplus output. As fees fall, the amount of combination demand will increase and the economy returns to equilibrium.
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Is/are also called factors of production since they are transformed into output during the production process?
Land, labor, entrepreneurship and capital are called factors of production since they are transformed into output during the production process.
Factors of production are needed for the production of goods or a service.
Land as a factor of production include the every type of land and the various goods received from it such as oil, gold etc. It can be agricultural land to any real estate commercial land.
While defining labor as factor of production we use their potential to work.
Capital includes money used for performing various functions of production. It is the primary driver of the production.
Entrepreneurship is that element which combines all other factors of production to form a single product or service.
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