Goodner Brother Inc Essay Example for Free

Goodner Brother Inc Essay 1. Key internal control objectives of Goodner’s Huntington Sales Office: a. Controls should be able to prevent and detect fraud. Authorization should be required for every sales transaction. Woody would not be able to sell returned tires from customers and consignees for his own benefits if all sales transactions needed prior management’s approval. b. Controls should aim at safeguarding physical assets. Sales Office should ensure that only certain authorized personnel could get access to the warehouse and at any time security should be enforced to minimize inventory shortages and shrinkages c. Controls should ensure the completeness and accuracy of accounting records. Woody would charge merchandise that he sold for his benefit to the accounts of large volume customers. Or in other words, Woody has altered the nature of the transactions by inflating the number of tires the customers actually ordered. 2. Key internal control weaknesses that were evident in the Huntington unit’s operations a. Strong reliance on the honesty and integrity of the employees they hired. The company recruited its personnel basing off references and recommendations; however this practice could not make up for the lack of a strong internal control system. b. Insufficient personnel. Its crew of 10 to 12 people had to staff its 14 sales outlets. Many of Goodner’s personnel had to take on double positions such as Goodner’s secretary who worked as both the receptionist and the bookkeeper. c. Unrestricted access to the accounting system by the unit’s sales manager and two sales representatives. This gave Woody a good opportunity to commit fraud. d. Lack of security for its tire inventory, which typically ranged from $300,000 to $700,000 per each sales outlet. 3. Control policies or procedures to alleviate the control weaknesses identified in question 2: a. Authorization of transactions: Management approval should be required on all transactions. Otherwise, the tire purchase request should be made by one individual and got approved by a different one. b. Segregation of duties: The secretary should not act as both the secretary and the receptionist. Report on returned items should be generated by one individual and then another individual should receive and put the returned items back to stock.

The Bystander Effect :: bystander’s reactions

The purpose of this paper is to analyse how the bystander effect, â€Å"the likelihood that an individual will intervene in an emergency goes down as the number of bystanders increases† (Olson, Breckler, Wiggins, 2008, p.482), occurs in chosen an emergency situation (Appendix nr1). I am going to show why and how participant’s behaviour confirms or not that effect. There are many interactions among people witnessing an emergency situation. Behaviours of witnesses are influenced by occurring psychological reactions and responses to situation. â€Å"A false impression of how other people are thinking, feeling and responding† (Karn, 2010,) creates a common ignorance and influences bystander’s behaviours. Interpretation of situation as a nonemergency is based on other bystander’s reactions or their no reactions. The presence of others diminishes a feeling of personal responsibility (Karn, 2010). Because an emergency case chosen for analysis contains an element of aggression I introduce now the social psychological definition of aggression that is: â€Å"behaviour that is intended to injure someone physically or psychologically† and a special kinds of aggression, such as a hostile aggression:†harm-doing that arises out of negative emotions such as anger, frustration, or hatred† (Olson and all, 2008, p. 419). I use also the GAM (General Aggression Model) theory: †a broad theory that conceptualizes aggression as the result of a chain of psychological processes, including situational events, aggressive thoughts and feelings, and interpretation of the situation† (Olson and all, 2008, p. 423), and frustration-aggression hypothesis, â€Å"proposition that frustration always leads to some form of aggression† (Olson and all, 2008, p. 425). I also apply Latane and Darley’s decision tree â€Å"that specified a series of decisions that must be made before a person will intervene in an emergency† (Olson and all, 2008, p. 479). Five different processes should occur for intervention to happen, such as: (1) the event must be noticed (if an individual do not notice he/she will not help), (2) the event must be interpreted as an emergency (witnesses fail to intervene, because they do not interpret the event as an emergency), (3) a personal responsibility must be accepted (if other people are present a witness can assume that others will help), (4) an appropriate form of assistance needs to be chosen, and finally (5) the action has to be implemented. If a negative response occurs at any stage of the process the bystander will not intervene. As a passenger of TAXI I observed two drivers before the emergency situation began. The Bystander Effect :: bystander’s reactions The purpose of this paper is to analyse how the bystander effect, â€Å"the likelihood that an individual will intervene in an emergency goes down as the number of bystanders increases† (Olson, Breckler, Wiggins, 2008, p.482), occurs in chosen an emergency situation (Appendix nr1). I am going to show why and how participant’s behaviour confirms or not that effect. There are many interactions among people witnessing an emergency situation. Behaviours of witnesses are influenced by occurring psychological reactions and responses to situation. â€Å"A false impression of how other people are thinking, feeling and responding† (Karn, 2010,) creates a common ignorance and influences bystander’s behaviours. Interpretation of situation as a nonemergency is based on other bystander’s reactions or their no reactions. The presence of others diminishes a feeling of personal responsibility (Karn, 2010). Because an emergency case chosen for analysis contains an element of aggression I introduce now the social psychological definition of aggression that is: â€Å"behaviour that is intended to injure someone physically or psychologically† and a special kinds of aggression, such as a hostile aggression:†harm-doing that arises out of negative emotions such as anger, frustration, or hatred† (Olson and all, 2008, p. 419). I use also the GAM (General Aggression Model) theory: †a broad theory that conceptualizes aggression as the result of a chain of psychological processes, including situational events, aggressive thoughts and feelings, and interpretation of the situation† (Olson and all, 2008, p. 423), and frustration-aggression hypothesis, â€Å"proposition that frustration always leads to some form of aggression† (Olson and all, 2008, p. 425). I also apply Latane and Darley’s decision tree â€Å"that specified a series of decisions that must be made before a person will intervene in an emergency† (Olson and all, 2008, p. 479). Five different processes should occur for intervention to happen, such as: (1) the event must be noticed (if an individual do not notice he/she will not help), (2) the event must be interpreted as an emergency (witnesses fail to intervene, because they do not interpret the event as an emergency), (3) a personal responsibility must be accepted (if other people are present a witness can assume that others will help), (4) an appropriate form of assistance needs to be chosen, and finally (5) the action has to be implemented. If a negative response occurs at any stage of the process the bystander will not intervene. As a passenger of TAXI I observed two drivers before the emergency situation began.

Marketing Strategy for Decline Stage Essay

Marketing Strategy for Decline Stage Posted on April 2, 2012 by admin in Marketing. The main characteristics of the maturity stage which help to define the appropriate marketing strategies are Sales of most product forms and brands eventually decline Decline may be due to Technical advances which lead to better substitutes Change in customer taste with time Increase in competition Lower sales volume leads to Over capacity Increases price cutting Profit erosion Carrying a weak product may be very costly if there are no suitable strategic reasons to keep the prodict alive in the market. To handle declining sales, marketing strategy could be Increase firms invest to dominate market/strength competitive position Maintain investments in innovations and R&D until uncertainties above industry are resolved Decrease firms invest, selectively by dropping unprofitable products and focus on nice areas and profitable products Harvesting or divesting the product as per the GE Matrix strategic growth model. Appropriate marketing strategy for this phase depends completely on Industry’s relative attractiveness and Company’s strength in the industry. If the industry is attractive and company has significant strength in the industry then the company may decide to hold the product or brand even if sales volume decline during this phase. Post Tagged with Decline Stage, Marketing Strategy, PLC ↠ Previous Post If you enjoyed this article please consider sharing it! Next Post → Like crackmba.com/marketing-strategy-for-decline-stage/ 1/5 9/4/13 Marketing Strategy for Decline Stage | CrackMBACrackMBA Search Categories open all | close all Banking (114) Finance Wiki (183) HRM (9) Important Alert/News (95) Marketing (23) Online Fraud (1) Operations (20) Practice Tests (115) Previous Papers (24) Quiz (505) Strategy (8) Systems/IT (38) E-Mail Subscription Enter your email address: crackmba.com/marketing-strategy-for-decline-stage/ 2/5 9/4/13 Marketing Strategy for Decline Stage | CrackMBACrackMBA Subscribe Delivered by FeedBurner Pages open all | close all Finance Wiki Marketing Strategy Systems/IT HRM Operations Quiz Banking Alerts/News IBPS Online Fraud Recent Posts Previous Papers Practice Tests Tags Banking Awareness Quiz Banking Glossary Banking Quiz Banking Terms Banking Bonds Business Quiz Capital Market Computer Awareness Quiz Computer Quiz Data Quiz CMM Interpretation Debt Securities DI Different Funds English Exam Alert Finance Quiz Financial Ratio Analysis IBPS IBPS Quiz Interview Alert Logical Reasoning LR Marketing Marketing Awareness Quiz Marketing Quiz Mathematics MBA Admission crackmba.com/marketing-strategy-for-decline-stage/ 3/5 9/4/13 Marketing Strategy for Decline Stage | CrackMBACrackMBA MBA Quiz Options PO MBA Result Alert Practice Test Previous Paper Probationary Officers Quantitative Aptitude RBI RBI Assistant Recruitment Alert Risk SBI SBI PO Exam Specialist Officers Verbal Ability .. Current Affairs Business News GK Quiz Updates Current Affairs India – 3 September 2013 Sep 3, 2013 1. Indian Parliament gave its nod to the landmark Food Security Bill yesterday which seeks to provide highly subsidised foodgrains to†¦ Current Affairs Global – 3 September 2013 Sep 3, 2013 1. Ronald Coase, the British-born US economist who was awarded the Nobel Prize in 1991, passed away yesterday in†¦ GK Quiz – 3 September 2013 Sep 3, 2013 GK Quiz – 3 September 2013 4401 â€Å"World Population Day† is observed on _____________. A) 6-July B)†¦ Microsoft to acquire Finish phone maker Nokia’s mobile phone unit Sep 3, 2013 Global tech giant Microsoft has agreed to acquire Finish mobile maker Nokia’s mobile phone business for 5.4 billion euros†¦ Verizon to acquire Vodafone’s 45% stake in its US business for USD 130 billion; one of the largest deals in corporate history Sep 3, 2013 US mobile giant Verizon Communicat ions Inc agreed to acquire Vodafone Group Plc’s 45% stake in Verizon Wireless in a†¦ crackmba.com/marketing-strategy-for-decline-stage/ 4/5 9/4/13 Marketing Strategy for Decline Stage | CrackMBACrackMBA CrackM BA – If it’s ’bout M BA, it’s @ CrackM BA. Colorway WordPress Theme by InkThemes.com crackmba.com/marketing-strategy-for-decline-stage/ 5/5

Bool - Definition

Definition: Bool is a fundamental type in C, C and C# languages. Variables of this type can only take two values- 1 and 0. In C these correspond to true and false and can be used interchangably. In C# bool variables can only use true and false, they are not interchangeable with 1 and 0. Boolean variables can be packed together to save memory space. An understanding of binary can be a useful skill. Note Because of the way false and 0 are usually treated the same (except in C#), any non zero value is the same as true, not just 1. Â   Also Known As: Boolean Examples: Using a bool and checking for true/false improves readability of your program