Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Textbook Question
Chapter C, Problem 5DCS
Write a two-page essay on the risks of a terrorist attack, a natural disaster, climate change, or a major health disaster. Which risk do you perceive as most likely? Most dangerous? Discuss what you could do to warn others of such risks and motivate them to do something about them.
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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
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individuals have expressed a lack of understanding regarding the concerns raised by
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Given the context of Gorata Mbaiwa's appointment as Chairman of Okavango (Ltd) after serving
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(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
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Chapter C Solutions
Understanding Business
Ch. C.1 - Prob. C.1AQCh. C.2 - Prob. C.2AQCh. C.2 - Why are companies more aware now of the need to...Ch. C.2 - Prob. 2TPCh. C.2 - What are the four major options for handling risk?Ch. C.2 - Prob. 4TPCh. C.3 - Prob. 5TPCh. C.3 - What is the rule of indemnity?Ch. C.4 - Prob. C.4AQCh. C.4 - Prob. 7TP
Ch. C.4 - Prob. 8TPCh. C - If you are interested in pursuing a career in risk...Ch. C - Prob. 2CECh. C - Prob. 3CECh. C - 1. Are you self-insuring your residence and your...Ch. C - Prob. 2CTCh. C - Prob. 3CTCh. C - Prob. 4CTCh. C - 1. List the ways you could reduce risk in your...Ch. C - Prob. 2DCSCh. C - 3. Much of risk management consists of reducing...Ch. C - Prob. 4DCSCh. C - Write a two-page essay on the risks of a terrorist...Ch. C - Prob. 1PPTCh. C - Prob. 2PPTCh. C - Prob. 3PPTCh. C - Prob. 4PPT
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