UNDERSTANDING BUSINESS CONNNECT ACCESS
12th Edition
ISBN: 9781264402458
Author: Nickels
Publisher: INTER MCG
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Textbook Question
Chapter 6.2, Problem 6.2AQ
When Roni Di Lulla’s dog Midnight had trouble squinting at a flying Frisbee, Roni retrofitted sports goggles to fit him. Midnight became the hit of the dog park and owners asked if she could make the eyewear for their dogs too. They become so popular, Di Lulla contracted with a Taiwanese company to make goggles with wide nose bridges and deep lens cups. Today Doggles brings in $3 million a year and are used by doggie fashionistas, veterinary ophthalmologists, and even military canines.
Sharon Anderson Wright spent her teenage years sorting novels, nonfiction, and newspapers at her family’s used bookstore. she knew what her customers liked to read and worked closely with her mother to learn the fine details of the business. This experience served her well as she expanded Half Price Books into a national company earning $240 million in annual revenue. How do you think Weight’s experience helped the business succeed?
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QUESTION 2
Read the following scenario carefully and then answer the question below:
Gorata Mbaiwa, the former Chief Executive Officer of Okavango (Ltd), has succeeded the
retiring chairman of the company's board of directors. Shareholders have contended that this
succession contravenes established best practices in corporate governance. Additionally, some
individuals have expressed a lack of understanding regarding the concerns raised by
shareholders.
Required:
Given the context of Gorata Mbaiwa's appointment as Chairman of Okavango (Ltd) after serving
as CEO, analyse five potential violations of corporate governance principles that would reasonably
lead to shareholder concern.
(25 marks)
QUESTION 1
The Enron scandal serves as a critical case study in corporate governance and ethics. Answer the
following questions based on your understanding of the Enron case:
The Enrol Scandal
The Enron scandal was an accounting scandal sparked by American energy company Enron
Corporation filing for bankruptcy after news of widespread internal fraud became public in
October 2001, which led to the dissolution of its accounting firm, Arthur Andersen, previously
one of the five largest in the world. The largest bankruptcy reorganization in U.S. history at that
time, Enron was cited as the biggest audit failure.
Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth.
Several years later, when Jeffrey Skilling was hired, Lay developed a staff of executives that-
by the use of accounting loopholes, the misuse of mark-to-market accounting, special purpose
entities, and poor financial reporting - were able to hide billions of dollars in debt from failed
deals…
Chapter 6 Solutions
UNDERSTANDING BUSINESS CONNNECT ACCESS
Ch. 6.1 - Prob. 6.1AQCh. 6.1 - Megan Gibson has always been a big fan of peanut...Ch. 6.1 - Prob. 6.1CQCh. 6.1 - Prob. 6.1DQCh. 6.1 - Prob. 6.1EQCh. 6.1 - Prob. 1TPCh. 6.1 - Prob. 2TPCh. 6.1 - Prob. 3TPCh. 6.1 - Prob. 4TPCh. 6.2 - When Roni Di Lullas dog Midnight had trouble...
Ch. 6.3 - Prob. 1MEDCh. 6.4 - Prob. 6.4AQCh. 6.4 - Prob. 6.4BQCh. 6.4 - Prob. 5TPCh. 6.5 - Prob. 6.5AQCh. 6.5 - Prob. 6TPCh. 6.5 - Prob. 7TPCh. 6 - Prob. 1CECh. 6 - General repair service-paints, makes household...Ch. 6 - Prob. 3CECh. 6 - Prob. 4CECh. 6 - Prob. 1CTCh. 6 - Prob. 2CTCh. 6 - Prob. 3CTCh. 6 - Prob. 1DCSCh. 6 - Prob. 2DCSCh. 6 - Prob. 3DCSCh. 6 - Prob. 4DCSCh. 6 - Prob. 5DCSCh. 6 - Prob. 1PPTCh. 6 - Prob. 2PPTCh. 6 - Prob. 1VCCh. 6 - Prob. 2VCCh. 6 - Prob. 3VC
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