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atroni [7]
3 years ago
5

The Times article notes that three days after the ACP awarded a $158 million contract to the Spanish firm that manufactures the

tugboats, the son of the canal administrator joined the law firm representing the tug- boat manufacturer. Discuss whether such a relation- ship presents any potential conflicts of interest.
Business
1 answer:
mr_godi [17]3 years ago
5 0

This would indeed present a conflict of interest. A conflict of interest occurs when a person or an organization is involved in various commitments, obligations or tasks, and where serving one interest could involve working against the other. In this case, the law firm that represents the tug boat manufacturer has as its goal the maintenance of objectivity and the pursuit of justice. However, if the son of the canal administrator joins the firm, this could be put at jeopardy, as he would have a vested interest in a particular outcome.

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The Roland Company needs to comply with the financial reporting standards of the Sarbanes-Oxley Act. One of the employees, Ken,
77julia77 [94]

Answer:

The boss is correct.

Explanation:

Under Sarbanes-Oxley Act, a  rules-based approach to corporate governance and reporting is used. It is based on the view that companies must be

required by law (or by some other form of compulsory regulation) to comply with established  principles of good corporate governance.

Except in the instances of exceptions provided in the act, company has no choice than to comply regardless of the cost implication because non-compliance is punishable under the act. Sometimes, it is called tick box approach

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7 0
3 years ago
What are some business plan questions
inysia [295]

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3 0
3 years ago
In 2005 the price index was calculated at 115.3 with 2000 as the base year. In 2006 the price index increased to 119.5. What was
mario62 [17]
The answer is the inflation from 2005 to 2006 has changed by [3.6%]
5 0
2 years ago
An account related with another account on the financial statements that 1) directly reduces the related account and 2) has an o
VLD [36.1K]

Answer:

Contra account.

Explanation:

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6 0
3 years ago
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sammy [17]

Answer:

Concentrated Targeting Strategy

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5 0
3 years ago
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