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SARBANES-OXLEY ACT The Sarbanes-Oxley Act, often called SOX, is legislation that establishes standard practices in financial management for publicly traded corporations. Although the Act does not regulate nonprofit organizations, it has already had a tremendous impact on the way the third sector handles financial matters. For more information regarding SOX and how it has impacted

1. Discuss the issues involved in resolving legal disputes in international transactions. 2. What are some practical considerations of taking legal action against a foreign business partner based in another country? 3. When the local customers and laws conflict with the customs and laws of an organization operating abroad, which should prevail? Why? 4. What

Why does the United States seem to place such emphasis on intellectual property rights when so many countries pay no attention to them? Should we?

My sister-in-law, Babs, just had a very traumatic experience (of course, it doesn’t take much to turn her into a basket case). To say that she was born with a silver spoon in her mouth would be an understatement. I have to admit that I’m a little jealous of how easy a life she seems

The term preemptive right pertains to which of the following? The Board of Directors rights in liquidation. Present shareholders right to purchase shares from any additional share issuances. Present shareholders right to purchase treasury shares when reissued. Preferred stockholders right to dividends

The late 1990s saw the rise of corporate valuations arising from ownership of various forms of intellectual property, rather than the traditional value arising from production and sale of goods or services. Prepare a management brief for Acme’s upper management group on the current state of valuing intellectual property.

Les Moore retired as president of GoodmanSnack Foods company but is currently on a consulting contract for $35,000 per year for the next 10 years. If Mr. Moore’s opportunity cost is 10% what is the present value of his consulting contract? Assuming Mr. Moore will not retire for two more years and will not start

Early in 1994, a K-Mart manager notified K-Mart’s Birmingham, Alabama stores that Deborah Cameron and Sonja Perdue had repeatedly returned merchandise without receipts and had been given cash refunds. The manager also stated his belief that Cameron and Perdue had shoplifted the merchandise for which they had obtained supposed “refunds.” Accordingly, the manager told all

Ludmila Hresil and her niece were shopping at a Sears retail store. There were few shoppers in the store at the time. Hresil spent about ten minutes in the store’s women’s department, where she observed no other shoppers. After Hresil’s niece completed a purchase in another part of the store, the two women began to

Allandale Farm, Inc., employed Koch from 1988 through 1997 as the person in charge of farming. Koch was hired for “permanent employment,” subject to his ability to make the farm profitable. His compensation included salary and the right to occupy a house located adjacent to the farm, and certain performance-related bonuses. On January 7, 1997,