MARKETING WHAT IS THE RELEVANCE OF ETHICS AND SOCIAL RESPONSIBILITY TO BOTH MARKETING AND OPERATIONS ACTIVITIES? USE EXAMPLES TO ILLUSTRATE YOUR ANSWER. Ethics and social responsibility have always been critical issues in both marketing and operations activities. However, recent accounting scandals and bankruptcies involving high profile and well-respected companies such as Enron, Global Crossing, PG&E, WorldCom and numerous others have renewed interest in ethics and social responsibility. Social responsibility is the concept

Internal Control The Importance of Internal Control Programs An effective internal control program in an organization ensures the efficiency of its operations and helps a business to attain its objectives by minimizing the chances of violation of rules and regulations by the employees. It safeguards the organization's assets and promotes the reliability of the accounting and financial information. Failure to implement an effective internal control program results in a corporate culture in

Anti-Trust Are investors' legal remedies enough? During the 1990s, a wave of legislation substantially deregulated the financial industry, effectively limiting the ability of investors to seek legal remedies in the wake of corporate fraud, and freeing corporations to take greater risks with 'other people's money.' The Private Securities Litigation Reform Act of 1995 (PSLRA) overturned the protections once provided by the 1934 Securities Exchange Act (Nations 2012). Then-President Clinton vetoed PSLRA, and

Within the United States, labor and its corresponding rates have become both a divisive and contentious issue. COVID-19 has only exacerbated an already combative labor environment. For example, COVID-19 resulted in massive layoff and furloughs for millions of Americans. The tourism, retail, entertainment, airline and energy sectors have all declined precipitously as consumer demand declined throughout the year. As consumer demand declined, corporations were forced to make the difficult chance

Terrorist Attacks on New York City Consumer Behavior and Risk Terrorism and Consumerism in the Melting Pot How has September 11 Impacted Americans Economic Impact of terrorism Outlook for the New York Economy Examination of the Effects on Business Regaining Consumer Confidence Sampling Procedures Survey Construction Survey results Recommendations for Further Studies Survey of Consumer Patterns After The September 11 attacks on the World Trade Towers Survey Results presented Graphically Store Owner Interviews The Impact of the Terrorist Attacks on New York City: One

(Ibid.). Major Changes in the Accounting Profession The financial scandals proved to be a turning point in many ways for the accounting profession. The public outcry forced the legislatures to reexamine the regulatory environment for businesses, resulting in the enactment of the Sarbanes-Oxley Act in July, 2002, which is the most significant accounting legislation since 1933. It also forced the accounting professionals and their organizations such as the American Institute of