Spectrum Brands Essay Example for Free

Spectrum Brands Essay -Remington leader on shaving and personal care products generates global revenue of US$350 million with 8 sales reps assigned to specific retailers. -United/Nu-Gro leaders in the lawn and garden care with sales US$550 million and insect control products with sales US$150 million, target customers who desire comparable products with lower prices than premium-prices. -Distributors offer same services than an internal sales force could and are responsible for the sales in the diverse geographical locations of pet retailer markets. Weaknesses -Spectrum through Rayovac have been able to secure space shelf space in a small number of retailers while competitors gain market share through greater control over distribution channels, retailers, and prices. -The United/Nu-Gro professional division has its own dedicated sales force that creates a lack and dependency on sales reps expertise. -The lawn and garden care, insect control and pet foods industries Spectrum is in have different seasons that the new sales force must balance. Opportunities -The sales force from competitors offers retail discounts and promotional discounts to retailers, distributors and wholesalers creating a competitive advantage that Spectrum may add as value to its new sales force. -A restructured sales force can focus on the sales growth with greater benefits for the company -Room for greater retail presence by offering product discounts and stealing market share from competition if the sales costs are better managed. Threats -That the new sales force would end up doing significant duplication of efforts if sales reps would call same retailers at the same time. -An ineffective selection process of the new sales force could disrupt the growth momentum of Spectrum’s individual brands and the relationships with retailers, wholesalers and customers. Competitors get the benefit. -The sales in the lawn and garden division may be a risk of having a poor season since sales depend on weather conditions. SWOT analysis In general, the current sales force is not efficient as it needs to be. Although the total sales of all divisions are steady, competitors are gaining shelf space through channels of distribution that Spectrum is not able to reach due to the lack of sales focus by its sales force. Inspite of the market share challenge, Spectrum is in a great position to increase the market share by carefully creating a sales force that would increase its market visibility. Market Analysis Battery Market Consumers rely on convenience and quality when purchasing batteries and tend to gravitate towards the brand names. Spectrum’s competitors are Procter Gamble 40% and Energizer battery brand with 40% of the market share. The alkaline battery is expected to dominate the market in 5 years. In Canada, the alkaline battery market is above CAD $300 million. Rayovac holds 20% of the market. It is a household seasonal product and 70% of the sales primary done during and after Christmas. Mass merchandisers, home garden centers and niche electronic stores are used as retailers generate 60% of sales, while 40% of sales are with wholesalers, distributors, especially in Wal-Mart with 40% of shelf space. Shaving and grooming products market. A combination of electronic grooming products and hair care applications with a growth of 3% and expected to continue. It has a sales cycle as gift giving season, shaving and grooming products are in high demand on Christmas, father’s day and mother’s day. Remington merged with Rayovacin2003; Remington (Now Spectrum) has secured 30% in USA and 21% in UK of the market share with global revenue US$350 million in 2003. The major competitors in the shaving market are Norelco (Philips) with rotary shavers and Braun-Gillette (Now Procter Gamble), while in hair care industry are Conair Corporation and Norelco that competes on quality and price. Sales reps have a direct presence in the success of sales since they manage sales directly with small niche retailers like salons, specialty hair and body care. It generates 35% of total sales. Wal-Mart retail generates 40% of sales as a traditional retail channel. Lawn and Garden Market It is driven by the baby boomers population. In North America more than 80% of household’s participants in garden activities generate a US$4 billion industry in sales and a potential annual growth of between 4% and 5%. The insect control products play an important role in this market. When new diseases appeared like West Nile virus and bone diseases, it increases demand for more insect control product raising the market in about 7% to 8% in sales. Scotts and Johnson Son, Inc are the market leaders with products like Ortho and Roundup. United/Nu-Gro company a Canadian subsidiary of United Industries Corporation in USA, is the number 2 company in lawn and garden products with a 23% market share and US$550 million in sales. The key of its success is in offering brand names such as Vigoro, Shultz, and CIL to targeted consumers  who want products at a low price. In the Insect control market, United/Nu-Gro is number 2 with 24% of market share and US$150 million on sales. Mass merchandisers and garden and home centers are the channels used generating 60% of sales in the consumer division. The professional division has its own sales team specialized in professional products for specific customers like golf courses and pest control operators generating 25% and 15% of sales respectively.

Living Organ Donation Inspired Explorations In Normative Ethics Philosophy Essay

Living Organ Donation Inspired Explorations In Normative Ethics Philosophy Essay Ever since the first living adult organ transplantation in 1954, organ donation continues to advance as a form of medical intervention (Pence, 2007). With its ongoing popularity, living adult organ donation inspires a variety of debates in normative ethics circles. In this essay, I am taking the opportunity to advocate for Virtue Ethics as the most ethically defensible approach to living adult organ donation. Virtue Ethics, unlike Utilitarianism or Deontology, promote the highest degree of personal enlightenment and, as such, ensure the highest calibre of our moral choice through maximized consistency, personal accountability, and overall highest harmony of our actions as they relate to key players in living adult organ donation (donor, recipient, doctors and society). To complete my perspective, I will reclaim the widely-accepted drawback of Virtue Ethics regarding its lack of systemized action rules (i.e. codifiability) by proposing realistic societal long-term transformations, as governed by Virtue Ethics, which would make codifiability achievable. Living adult organ donation is an act of providing of a vital organ to an organ recipient by an organ donor for organ transplantation for the immediate purposes of either improving the quality of life of a recipient, the quality of life of both donor and recipient or saving recipients life (Pence, 2007). Living adult organ donation differs from cadaveric organ donation because the donor is alive, while in cadaveric organ donation the donor is brain-dead (Pence, 2007). According to the provincial organ donation agency, Trillium Gift of Life Network, there are 1487 people on waiting list for organ donation this year (Trillium Gift of Life Network, 2010). Organs that can be transplanted are liver, heart, kidney, lung, pancreas and small bowels (Trillium Gift of Life Network, 2010). The reality of the situation is that some of these people will not find a suitable donor and their health will deteriorate or they may die. In order to truly explore the ethical journey of organ donation, I will put myself in the shoes of a potential organ donor and take a walk in the halls of Deontology, Utilitarianism and Virtue Ethics schools. Why, when and to whom would I donate my organ so that my decision is morally right for me, for the recipient, for the doctors and for society? There is nobody that I know requiring an organ at this moment. Although I could enlist myself as a living organ donor and potentially save another human fellow, currently I choose not to. If my loved one or somebody I know and respect needed an organ right now, I would, however, donate it without hesitation. As I walk in an organ-donors shoes, I enter the Deontology school and I see a representative Deontological philosopher, Kant, sitting at his work desk, surrounded by piles and piles of paper. He greets me and at the same time approves of my present choice of not being enlisted in an organ donors list. According to Kant and Deontology theory, one should never treat oneself as an object or means only, but always as an end (Pence, 2007). He goes on to share his view that if we voluntarily choose to potentially endanger our bodies by taking out organs for organ donation purposes, we are not cultivating humanity in that case because to be human means protecting your bodys integrity (Pence, 2007). Kant considers my present choice of not being enlisted as an organ donor morally right because I am not physically harming myself for the benefit of another human being, i.e. I treat myself as an end, not as means. Deontologians believe that our decisions must come from a rational and autonomous perspective of a free will in order to be morally right (Pence, 2007). Furthermore, it is not rational to harm yourself and it is always wrong to potentially harm yourself for the benefit of another human being. The final view of wrongness of organ donation is universalizable for everyone and in every situation and it would be my duty to follow such set of rules (Pence, 1998). Thus, according to Kants rationale, it is always morally wrong to engage in organ donation. I disagree with Kant about what constitutes a free will and what is my moral duty. According to my upbringing, system of values and my life experiences, free will, for me, is not only consisting of a rational component, but also emotional component. If my brother needed an organ and I was a match, I would donate it. If I act according to Kant and not donate my organ to my loved one, my action would be morally wrong for me, the recipient, doctors and the society. Firstly, the motivation behind my organ donation is the unconditional love I feel for my brother. I consult the Virtue Ethics School and in their teachings I find that unconditional love is actually a trait in the character, and if made habitual, it would constitute a virtue because unconditional love promotes good actions (Pence, 2007). By giving my brother my organ, he would know even more about my unconditional love for him and we would both strengthen even further our individual emotional foundations. Second, my intellect is satisfied by my organ donation to my brother because I know that, if the operation goes well, his health will improve and I wouldnt suffer any major side-effects that require hospitalization. Because both my brother and I would be healthier and happier, I would not be anxious or depressed about his state. This wo uld mean that I would not be a burden to the healthcare system because I would have no need to see a psychiatrist or a psychologist, for I would be happy. As both my brother and I are healthy and happy, each of us could further contribute to society by being productively employed. Our positive attitude due to the happiness we feel could be positively reflected further in our other relationships, thus contributing to the overall harmonious developments stemming from an organ donation to a loved one. According to Virtue Ethicists, my action of organ donation would be morally right because I have displayed character virtues such as courage and sincerity of my motivation. Most importantly for Virtue Ethicists, my actions are in alignment with my system of values and my life experience, thus I have exercised my moral wisdom and reach a sought-after happiness state (Stanford Encyclopedia of Philosophy, 2003). I continue my exploration of normative ethics by entering the hallways of Utilitarianism school. According to Utilitarianism, the action is morally right if its consequences produce the greatest amount of goodness or the smallest amount of negative consequences (Pence, 2007). Goodness can be measured in various ways and, depending on the reference parameters, goodness can be measured in emotional, psychological, monetary or any other means as goodness. Utilitarianism school has two divisions rule utilitarianism and act utilitarianism (Pence, 2007). According to rule utilitarianism, what makes an act right is following general moral rules that produce the greatest good for the greatest number. On the other hand, act utilitarianism wishes to reserve the right to judge each unique case and then decide which action creates the greatest good. Although act utilitarianists agree that general rules commonly should be followed, they reserve the right to break them. Rules are broken if extrao rdinary circumstances arise, where a greater good for a greater number of people would be created by doing so (Pence, 2007). In my hypothetical case of donating an organ to my beloved brother, act utilitarianism would approve of such an action because it would benefit me, my brother, the healthcare and the society, as previously stated. But does general utilitarianism produce consistent moral actions that are in harmony with our personal value system, irrespective of external benefits to the society? To illustrate that utilitarianism does not encompass the entire spectrum of human decision-making requirements, consider the scenario where I have an opportunity to save three people by donating three of my organs (liver, kidney and a lung lobe), versus saving my brother by donating only one organ my heart. If I choose to donate to these three people, I would, numerically speaking, increase the overall good consequences in the world by allowing three people to live at the cost of my emotional turmoil on my death bed, following the surgery, for not saving my brother. More people would be happy than not, if we take into account that families of three recipients outnumber my family. But, in my opinion and in the opinion of Virtue Ethicists, this action would not be morally justified as I would have betrayed my emotional v irtues framework when I decided not to save my brother. When deciding whether the action is morally right, Virtue Ethics do not hide under a cloak of incomplete moral rules, such as Deontological evasion of an emotional component during such an act. By calling upon the complete enlightenment of ones character (i.e. virtues) and in combination with moral wisdom attained through life and its conditions, Virtue Ethics holds every individual accountable for his/her actions (Stanford Encyclopedia of Philosophy, 2003). When people are held personally responsible for their actions as they relate to their character, they truly have an opportunity to grow as a human being and reach the ultimate potential for happiness and thus, perform the most morally righteous action on any particular topic. The followers of the Virtue Ethics school embrace the intricacies of human experiences and aspire to understand a moral action within the cultural, emotional and intellectual conditions it has been performed in. While it can be a tedious and somewhat challenging to expect from every human to seek to act in accordance with Virtue Ethics, if exercised, it does ensure consistency of moral acts within a society which Utilitarianism and Deontology lack. Some argue that codifiability of Virtue Ethics is impossible to achieve, but I argue that it is possible. The societal transformation that would need to occur would require enormous good will from the majority of human population, mandatory excellence in parenting, and most importantly, ones utmost commitment to achieving happiness as defined by Virtue Ethics. Both Utilitarianism and Deontology schools offer noble, but incomplete foundations for evaluating whether adult organ donation is a morally right act. While each theory protects the principles of either ratio or overall goodness, neither of them account for the myriad of emotional and empirical factors that are present in our decision-making, whether we like it or not. Virtue Ethics seeks to understand moral actions in a true rainbow of colors that they arise from, which is why it is the only normative ethical theory that is realistic enough to salute our human complexity.

Wallace Stevens Essay -- Biography Biographies Essays

In the essay â€Å"Why Stevens Must Be Abstract,† Charles Altieri says â€Å"Stevens realized that the abstraction he desired on the level of content might be possible without the traps of ideology, if he could adapt to poetry the testimonial, self-referential dimension of art explored in painting. An art that enacts what it asserts can be said to finesse ideology, because its assertions do not depend on relating to the world through propositional, or even dramatic, chains of inference that have obvious dependencies on beliefs within a particular social order.† (Italics mine) (322). Stevens’ movement toward adapting the testimonial, self-referential dimension of art in his poetry is apparent in comparison of his earliest and later work. His earliest poetry (pre-twentieth century) used a lyric style and content reflective of a Romantic/Humanist longing for organic unity seeking universal truth, described by Altieri as the ‘traps of ideology. His later poetry succeeds in finessing ideology, using abstraction and stylistic invention to depart from the universal and engage the reader in a modernist experience. In this paper I will demonstrate an evolution in Stevens work toward a successful use of abstraction to ‘finesse ideology’ and create an art that enacts what it asserts. While this evolution can be seen throughout his work and applies to a multitude of themes, for the purposes of this paper I will focus on his use of seasonal and life cycle metaphor to engage the reader in the experience of the poem; the concept of negation as the point of emergence; and the use of structural techniques to enact the experience of negation and emergence in both form and content. Stevens’ Assertion It is important to identify the assertio... ...pher. â€Å"The Moving Eye in Williams’ Earlier Poetry,† in William Carlos Williams: Man and Poet, Carroll F., Terrell (Ed.). (Orono, ME: National Poetry Foundation) 1983. Eeckhout, Bart. Wallace Stevens and the Limits of Reading and Writing. (Columbia: University of Missouri Press) 2002. Harel, Kay. â€Å"Again Is An Oxymoron,† in The Wallace Stevens Journal, 26, (Spring 2002). Stevens, Wallace. Collected Poetry and Prose. Kermode, Frank (Ed.) and Richardson, Joan (Ed.). (New York, NY: Penguin Putnam, Inc.) 1997. Walsh, Thomas F. Concordance of the Poetry of Wallace Stevens. (University Park: Pennsylvania State University Press) 1963. Referenced in Eeckhout, Wallace Stevens and the Limits of Reading and Writing. Webster’s New World College Dictionary. Agnes, Michael (Ed.) and Gurlanik, David B. (Ed.) (Foster City, CA: IDG Books Worldwide) 2001. Wallace Stevens Essay -- Biography Biographies Essays In the essay â€Å"Why Stevens Must Be Abstract,† Charles Altieri says â€Å"Stevens realized that the abstraction he desired on the level of content might be possible without the traps of ideology, if he could adapt to poetry the testimonial, self-referential dimension of art explored in painting. An art that enacts what it asserts can be said to finesse ideology, because its assertions do not depend on relating to the world through propositional, or even dramatic, chains of inference that have obvious dependencies on beliefs within a particular social order.† (Italics mine) (322). Stevens’ movement toward adapting the testimonial, self-referential dimension of art in his poetry is apparent in comparison of his earliest and later work. His earliest poetry (pre-twentieth century) used a lyric style and content reflective of a Romantic/Humanist longing for organic unity seeking universal truth, described by Altieri as the ‘traps of ideology. His later poetry succeeds in finessing ideology, using abstraction and stylistic invention to depart from the universal and engage the reader in a modernist experience. In this paper I will demonstrate an evolution in Stevens work toward a successful use of abstraction to ‘finesse ideology’ and create an art that enacts what it asserts. While this evolution can be seen throughout his work and applies to a multitude of themes, for the purposes of this paper I will focus on his use of seasonal and life cycle metaphor to engage the reader in the experience of the poem; the concept of negation as the point of emergence; and the use of structural techniques to enact the experience of negation and emergence in both form and content. Stevens’ Assertion It is important to identify the assertio... ...pher. â€Å"The Moving Eye in Williams’ Earlier Poetry,† in William Carlos Williams: Man and Poet, Carroll F., Terrell (Ed.). (Orono, ME: National Poetry Foundation) 1983. Eeckhout, Bart. Wallace Stevens and the Limits of Reading and Writing. (Columbia: University of Missouri Press) 2002. Harel, Kay. â€Å"Again Is An Oxymoron,† in The Wallace Stevens Journal, 26, (Spring 2002). Stevens, Wallace. Collected Poetry and Prose. Kermode, Frank (Ed.) and Richardson, Joan (Ed.). (New York, NY: Penguin Putnam, Inc.) 1997. Walsh, Thomas F. Concordance of the Poetry of Wallace Stevens. (University Park: Pennsylvania State University Press) 1963. Referenced in Eeckhout, Wallace Stevens and the Limits of Reading and Writing. Webster’s New World College Dictionary. Agnes, Michael (Ed.) and Gurlanik, David B. (Ed.) (Foster City, CA: IDG Books Worldwide) 2001.

Investigation Techniques Of A Homicide Essay -- essays research papers

Investigation Techniques of A Homicide   Ã‚  Ã‚  Ã‚  Ã‚  The O. J. Simpson double murder trial is perhaps the most publicized case this decade. However, before the police can arrest Simpson and prosecute him, they must investigate. The investigation techniques LAPD used are used all over the world. CRIME SCENE   Ã‚  Ã‚  Ã‚  Ã‚  Patrol officers received a disturbance call at Nicole Simpson's residence. They arrived on scene and discovered two bodies. They looked around to see if the suspect is anywhere around then they checked to determine the two subjects were dead. The officers immediately contacted the detectives on duty and supervisors and then secured the area to ensure no contamination to the scene. The officers' duties included making sure that no unauthorized people may enter the scene. They also have to protect all possible evidences left by the suspect.   Ã‚  Ã‚  Ã‚  Ã‚  In the Simpson case, the officers did not do a very good job at securing the scene. They had allowed unauthorized officers the go through the scene, thus causing some contamination to the crime scene. This error had allowed the defense to attack the creditability of the police department. CAUSE AND TIME OF DEATH When the officers first arrived the scene, they saw two people lying in a pool of blood. The officers did not know if they were dead and if they were, how and when. After the medical examiner looked at the bodies and the wounds on the victims, he concluded that they were stabbed to death. The time of death was a bit harder to determine. Death caused some changes to the bodies. The investigator looked at the changes and was able to estimate a time of death.   Ã‚  Ã‚  Ã‚  Ã‚  Some of the changes the examiners look for are: lost of body temperature, rigor mortis, and postmortem lividity. The body temperature will start to decrease after death. The body will also start to stiffen after death, this is call rigor mortis. Rigor mortis usually starts to set in two to four hours after death. Time of death can be estimated by the stiffness of the body. Another way to estimate the time of death is postmortem lividity. When the body ceased to function, gravity pulls the blood down and settled at the lowest points of the body. Postmortem lividity may appear on the body between half hour to four hours after death. The determination of t... ...ered more evidences to link Simpson to the murders. All the testimonies showed that Simpson had actually planned the crime. He even had an alibi which was shaky. Simpson also had a history of spousal abuse. All the evidences pointed unfavorably toward O. J. Simpson. The elements of the crime the police needed were established and Simpson was formally Charged. DNA There were no fingerprints at the crime scene. However, there were some blood which belonged to neither victims'. Thanks to modern technology, scientists can detect differences in people's DNA. DNA is the genetic fingerprint of a person. The principal of DNA identification is the same as fingerprints, no two persons can have the same composition. During the Simpson trial, the admissibility of DNA evidence was highly debated. The O. J. Simpson trial had ended for a year now. O. J. was cleared of murdering his former wife and her friend. The police is still investigating this case. The LAPD made some mistakes which allowed the defense to attack the creditability of the police. This showed the importance of protecting the crime scene. Other than these mistakes, the LAPD conducted a almost text book perfect investigation. t

Patrice Lumumba’s Struggle Against Belgian Imperialism Essay -- Politi

Patrice Lumumba’s Struggle Against Belgian Imperialism It is hard to believe that in 2002 there is still imperialism being practiced in the world, but the fact of the matter is, it is. Imperialism is the policy of extending a nation’s territory or power by establishing dominance over other nations. A modern example of imperialism is the Congo. At the 1885 Berlin Conference, where the European powers carved up most of Africa among themselves, they sanctioned the claim of Belgian King Leopold II to sole authority over the Congo, a land mass 75 times the area of Belgium. The Congo was virtually his private property. He wiped out some 10 million people, around half the population, in his determination to extract every last penny of profit.[1] The Congo, later renamed Zaire, and now called the Democratic Republic of Congo, is endowed with immense mineral wealth in. At the time of the rise of the independence movement in 1958, Congo was among the world's largest producer of copper, uranium, cobalt, industrial diamonds, and rubber.[2] In the late 1950s and early 1960s there was a mass movement of resistance against the Belgian government. At the forefront of this struggle was Patrice Lumumba. In October 1958 Lumumba, a former postal employee, helped to found the Congolese National Movement (MNC), the first nationwide Congolese political party.[3] MNC gained much mass appeal because it united the Congolese people across the divisions of language and culture in a struggle against the imperialist rulers. The Belgian government buckled under the pressure of the resistance and reluctantly agreed to declare June 30, 1960 Independence Day and to hold free elections. MNC won more seats then any other party and Lu... ... the Congolese people when he wrote, â€Å"This is a fearsome story of colonial brutality, of the way in which the United Nations serves the world's major powers, and of the primacy of profit over democracy.†[9] People from South Korea to Puerto Rico are struggling against imperialism. Lumumba’s fight has been documented in numerous books and movies. It is important that oppressed people learn from other oppressed people in the movement to end imperialism. [1] Charlie Kimber, Dark Heart of Imperialism, Issue 92 of â€Å"International Socialism Journal,† Autumn 2001, http://www.isj1text.ble.org.uk/pubs/isj92/kimber.htm [2] Brian Williams, Imperialism vs. Congolese Freedom Struggle, Issue 28/Vol 65 â€Å"The Militant,† July 23 2001, http://www.themilitant.com/2001/6528/652852.html [3] Ibid [4] Ibid [5] Ibid [6] Kimber [7] Ibid [8] Ibid [9] Ibid

Chapter 5 Homework

Jazzlynn Ben Chapter 5 Problems Dr. Ennis 5. 1. You were asked to investigate extremely high, unexplained merchandise shortages at a department store chain. You found the following: a. The receiving department supervisor owns and operates a boutique carrying many of the same labels as the chain store. The general manager is unaware of the ownership interest. — It is a red flag warning so it is a fraud because there is a conflict of interest situation which should have alerted the auditor to the possibility of fraud. b.The receiving supervisor signs receiving reports showing that the total quantity shipped by a supplier was received and then diverts 5% to 10% of each shipment to the boutique. –There is a false representation so this is a fraudulent act. c. The store is unaware of the short shipments because the receiving report accompanying the merchandise to the sales areas shows that everything was received. –There is intent to deceive as indicated by the effort s to conceal the act so this is also a fraudulent act by the supervisor of receiving. It is not due to an act by the buyers. d.Accounts Payable paid vendors for the total quantity shown on the receiving report. –It is unrelated to the investigation so this is a weakness in the system of internal control. e. Based on the receiving department supervisor’s instructions, quantities on the receiving reports were not counted by sales personnel. –The receiving supervisor is advocating a system of a weak internal control so this is an indicator of fraud. Required Classify each of the five situations as a fraudulent act, a fraud symptom, an internal control weakness, or an event unrelated to the investigation.Justify your answers. 5. 2. A client heard through its hot line that John, the purchases journal clerk, periodically enters fictitious acquisitions. After John creates a fictitious purchase, he notifies Alice, the accounts payable ledger clerk, so she can enter them in her ledger. When the payables are processed, the payment is mailed to the nonexistent supplier’s address, a post office box rented by John. John deposits the check in an account he opened in the nonexistent supplier’s name. Required a. Define fraud, fraud deterrence, fraud detection, and fraud investigation. Fraud- Any and all means a person uses to gain an unfair advantage over another person. †¢ Fraud Deterrence- Actions that are taken to discourage the perpetration of fraud. †¢ Fraud Detection- Identifying the indicators of fraud sufficient to warrant recommending an investigation †¢ Fraud investigation- Performing the extended procedures needed to determine whether fraud has occurred, as suggested by the indicators. b. List four personal (as opposed to organizational) fraud symptoms, or red flags, that indicate the possibility of fraud.Do not confine your answer to this example. o High personal debts or great financial losses o Bragging about exp loits o Collectors and creditors appearing at the place of the business o Strong desire to beat the business c. List two procedures you could follow to uncover John’s fraudulent behavior. 1) Trace all of the payments back to the supporting documentation. No record of the receipt of the goods would be listed in the receiving department, as well as the purchasing department. 2) Inspect the documentation supporting the release of a check to a vendor. . 6. An auditor found that Rent-A-Wreck management does not always comply with its stated policy that sealed bids be used to sell obsolete cars. Records indicated that several vehicles with recent major repairs were sold at negotiated prices. Management vigorously assured the auditor that performing limited repairs and negotiating with knowledgeable buyers resulted in better sales prices than the sealed-bid procedures. Further investigation revealed that the vehicles were sold to employees at prices well below Market value. Read also  Homework Solutions – Chapter 3Three managers and five other employees pleaded guilty to criminal charges and made restitution. Required a. List the fraud symptoms that should have aroused the auditor’s suspicion. ? Management’s justification for departing from established policy. ? Departure from the established policy of requiring sealed bids to dispose of vehicles being salvaged. ? Vehicles, in fact, have been repaired before they were sold for salvage. b. What audit procedures would show that fraud had in fact occurred? ? Review thoroughly of sales documentation, identifying persons to whom sales were made at â€Å"negotiated prices. ? Evaluate the adequacy of proceeds obtained in negotiated sales. ? Review maintenance records for charges associated with salvaged vehicles. Case 5-1 1. How does Miller fit the profile of the average fraud perpetrator? How does he differ? How did these characteristics make him difficult to detect? 2. Explain the thr ee elements of the opportunity triangle (commit, conceal, convert), and discuss how Miller accomplished each when embezzling funds from Associated Communications. What specific concealment techniques did Miller use? 3.What pressures motivated Miller to embezzle? How did Miller rationalize his actions? 4. Miller had a framed T-shirt in his office that said, â€Å"He who dies with the most toys wins. † What does this tell you about Miller? What lifestyle red flags could have tipped off the company to the possibility of fraud? 5. Why do companies hesitate to prosecute white-collar criminals? What are the consequences of not prosecuting? How could law enforcement officials encourage more prosecution? 6. What could the victimized companies have done to prevent Miller’s embezzlement?

Cerelac Essay

SYNOPSIS This is a semester project (Research Report) regarding a baby food product named Cerelac of Nest ©. It starts with an introduction about Nestl © followed by the history of Nestl ©. It gives a briefing about all the brands of Nestl ©. This report also includes the marketing mix of the product. All the 4Ps of marketing mix for the product has been discussed and explained to reveal the significance of its product, pricing, placing and promotional activities. BCG matrix has also been included in this report to know about the current standing of brand in local culture. Segmentation and target marketing will help to understand the criteria of Nestl © marketing for the specific product. In the end, there are some recommendations for the company to enhance their profitably according to our research. After that, report has been concluded. INTRODUCTION Today, Nestl © is the world leading Food Company. Nestl © headquarters is in Switzerland. Its international R&D network supports the products made in more than 500 factories in 86 countries. The Nestl © factories are operating in the region of: Africa America Asia   Europe Oceania Being a company dedicated to food from the beginning, Nestl © remains sensitive to culinary and eating habits, and responds to specific nutritional problems, whilst also setting and matching new trends such as growing out-of-home consumption and caring about the well being of its consumers. Meaning Of Nestl © Henri Nestl © endowed his company with the symbol derived from his name. His family coat of arms, the nest with a mother bird protecting her young, became the Company’s logo and a symbol of the Company’s care and attitude to life-long nutrition. The Nestl © nest represents the nourishment, security and sense of family hat are so essential to life. 1866 -1905 In the 1860s Factories were established in developing countries, particularly Latin America. Ironically, the war helped with the introduction of the Company’s newest product, Nescafe, which was a staple drink of the US military. Nestl’s production and sales rose in the wartime economy. 1944 – 1975 The end of World War II was the beginning of a dynamic phase for Nestl ©. Growth accelerated and companies were acquired. In 1947 came the merger with Magi seasonings and soups. Crosse & Blackwell followed in 1950, as did Findus (1963), Libby’s (1971) and Stouffer’s (1973). Diversification came with a shareholding in L’l 1974. 1975- 1981 Nestl ©Ã¢â‚¬â„¢s growth in the developing world partially offset a slowdown in the Company’s traditional markets. Nestl © made its second venture outside the food industry by acquiring Alcon Laboratories Inc. 1981 – 1996 Nestl © divested a number of businesses1980 / 1984. In 1984, Nestl ©Ã¢â‚¬â„¢s improved bottom line allowed the Company to launch a new round of acquisitions, the most 1996 + The first half of the 1990s proved to be favorable for Nestl ©: trade barriers crumbled and world markets developed into more or less integrated trading areas. Since 1996 here have been acquisitions including San Pellegrino (1997), Spillers Pet foods (1998) and Ralston Purina (2002). There were two major acquisitions in North America, both in 2002: in July, Nestl © merged its U. S. ice cream business into Dreyer’s, and in August, a USD 2. 6bn acquisition was announced of Chef America, Inc. Mission Statement â€Å"Nestl © is dedicated to providing the best foods to people throughout their day, throughout their lives, throughout the world. With our unique experience of anticipating consumers’ needs and creating solutions, Nestl © contributes to your ell-being and enhances your quality of life.