Appropriate course of action for a trainee who has a problem with a mentor is to seek guidance from someone who is senior to the mentor only after a direct conversation with the mentor has no results. Encouraging trainees to receive mentoring from a collection of individuals.
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Based on appropriate logic you have to identify a correct course of action that will be practically viable and will help in solving the problem. 1. Without any second thought choose actions which are Practical in Nature (should be related to the statement) 2. Action should not give birth to another problem
In each question there is a statement given followed by two courses of action numbered 1 and 2. You have to assume everything in the statement to be true and on the basis of the information given in the statement, decide which of the suggested courses of action logically follows for pursuing.
Malcolm Gladwell’s book ‘ Blink ’ and Tony Buzan’s work on Mind Mapping are other good resources that can help you. Once you have come up with an appropriate number of alternative ways of achieving your task you can evaluate each in turn and choose the best course of action.
The trainee must take an active role in the relationship and clearly communicate needs and expectations. Takes a sincere interest in the growth and development of a trainee. Nice work! You just studied 43 terms!
In response to the Enron accounting scandal, the government passed the Sarbanes-Oxley Act, which requires that companies listed or applying to be listed on a public stock exchange establish and enforce a code of ethics.
The 2002 Sarbanes-Oxley Act aims at publicly held corporations, their internal financial controls, and their financial reporting audit procedures as performed by external auditing firms. The act was passed in response to a number of corporate accounting scandals that occurred in the 2000–2002 period.
To sum up, Enron's dishonest and incompetent management team was arguably the largest factor that led to the business' downfall. From all the facts we have about the Enron bankruptcy, the most important lesson is this: buy high-quality businesses with management teams that have both character & competence.
The Sarbanes-Oxley Act of 2002 was passed by Congress in response to widespread corporate fraud and failures. The act implemented new rules for corporations, such as setting new auditor standards to reduce conflicts of interest and transferring responsibility for the complete and accurate handling of financial reports.
According to section 179 which one of the following is a power of director?...Q.Which intervention resulted from the Enron scandal?C.The Greenbury CommitteeD.The Cadbury CommitteeAnswer» b. The Sarbannes-Oxley Act2 more rows
Enron made household names of people who were little known outside of business. Several former executives went to prison for their roles in the epic collapse. All are free now and working to rebuild their lives. For the elite team of prosecutors that investigated Enron, their careers would never be the same.
If Enron employees had received proper financial literacy education, they would have known about diversification and would have appropriately limited the amount of company stock held within their company retirement plans. Many employees had as high as 80-90% of their retirement portfolio invested in Enron stock.
By the end of 2000, Enron had losses of $591 million and had $628 million in debt. The final nail in the coffin was put by Dynegy, which had previously announced it would merge with Enron but backed the deal on 28 November 2001. Enron filed for bankruptcy on 2 December 2001 amid all crises.
How Did Enron Hide Its Debt? Fastow and others at Enron orchestrated a scheme to use off-balance-sheet special purpose vehicles (SPVs), also known as special purposes entities (SPEs), to hide Enron's mountains of debt and toxic assets from investors and creditors.
Sarbanes-Oxley act of 2002: enacted in response to the financial scandals to protect shareholders and the general public from accounting errors and fraudulent practices. You just studied 6 terms!
The Sarbanes-Oxley Act of 2002 is a federal law that established sweeping auditing and financial regulations for public companies. Lawmakers created the legislation to help protect shareholders, employees and the public from accounting errors and fraudulent financial practices.
The Sarbanes-Oxley Act of 2002 requires the CEO and CFO of publicly traded companies to issue a statement certifying that the accompanying financial statements and disclosures fairly present, in all material respects, the operations and financial condition of the company.
Other people will always bring an alternative view of a problem. So, I would recommend involving at least one other person in the thinking . Even if they just act as a sounding board of your ideas it will bring diversity to your thinking.
In other words, there will always be unforeseen circumstances meaning you will have to adapt your ideas. Having looked at alternatives in the planning process you will find it much easier and quicker to adapt your plan and move on when you face obstacles. Therefore it is more about the planning than the plan itself.
Second option is to be avoided because it is a negative and harsh approach. As listed in tips and tricks section also Options which are negative in nature and provide harsh solutions should be avoided. 2.
Statement- Action is one of the main topics in Critical Reasoning. In this topic, a statement is given followed by two actions. Based on appropriate logic you have to identify a correct course of action that will be practically viable and will help in solving the problem. 1.
Explanation: Now we can also think of option a to be a practical solution but one of the major reasons of option a being wrong is because we cannot predict that even after reducing the price, customers will be attracted towards the company. So, the outcome is unknown and so such actions should be avoided.
Always avoid those actions whose outcomes cannot be predicted. There may be cases where you will not be able to predict the result of the selected action. So, such actions should be ignored.
Action: Personal monitoring should be done by the police officials on each and every vehicle.
Some actions may appear to be a practically viable solution and logically correct but if they are not related to the given statement then do not make a mistake by selecting them.
A key technique for selecting the best course of action is to project the alternatives we are considering into the future to see what might happen if we implement each of these ideas.
The initial strategy that we commonly use when faced with a lot of choices is to ‘sort the wheat from the chaff,’ rapidly eliminating those items we do not want, rather than looking closely at those which we might select. The negative criteria that we use clearly define the boundary of the problem in terms of our primary constraints. We reject houses because we definitely do not want to live in that area or cannot afford that amount of money.
We tend to use many criteria based on deep needs and personality factors, for example extraverts may seek attention and risk whilst introverts will seek safety. Our values also lend key criteria that will help us decide what is right and wrong.
Negative criteria, which give reasons not to select an alternative, may include costs, risks, difficulty, hassle and trouble.
The first three courses of action are defensive, where the primary objective of the organization is to survive: Focus on cost reduction. When the financial situation of the ...
In general organizations always have to, in both good times and bad times, monitor their costs and profitability and manage their cash flow. Therefore a High Performance Business watch their financials since this is basic sound business strategy. Companies that have no cost awareness will lose sight of their costs which inevitably weakens their financial position. At the same time organizations have to continually monitor their profitability to avoid the real threat of non-profitable growth. In recent years there have been numerous examples of structurally-healthy companies that grew themselves to death.
A corrective action plan is a documentation used in quality management that outlines a set of steps for addressing issues and gaps in business operations and processes that could negatively impact the business . It describes the approach for resolving an issue that interferes with reaching company goals. The corrective action plan should be S.M.A.R.T. (Specific, Measurable, Attainable, Relevant, Timebound) and includes timeframes, costs, and signatories.
To implement corrective action plans that are compliant with ISO 9001:2015, quality managers can use a collaborative compliance software like iAuditor by SafetyCulture to manage their implementation — from root-cause analysis to review of effectiveness of corrective action plans.
While both intend to address non-conformance, there are some differences between corrective and preventive action.
While both intend to address non-conformance, there are some differences between corrective and preventive action. Corrective Action. Preventive Action. Considered the “reactive” way of addressing non-conformance. “Proactive” way of addressing non-conformance.
The seminars will serve to clarify SOPs regarding the preparation, utility, and monitoring of IV lines. It is also intended to reinforce our standards to improve safety and lower rates of preventable errors .
7 seminars will be held for 30 minutes each to cover all shifts and personnel without adversely affecting staffing:
A strong corrective action plan doesn’t depend on uncertain variables which could make the corrective action plan weak. According to the Department of Veterans Affairs National Center for Patient Safety’s root cause analysis, a weak corrective action plan depends on current workplace processes and employee training.
You might not think taking care of your physical and mental health is an ethical issue, but this concern is second on the list of the ASCA's professional competencies under "Responsibilities to Self." Besides dealing with physical wellness and stress in a responsible manner, you're also expected to continue your professional development, have a professional demeanor and maintain membership in a professional association.
A school counselor's foremost responsibility is to her students. Ethically speaking, this supersedes the counselor's responsibilities to parents, other educators and even supervisors. Should a conflict arise between a student's best interests and other parties, the school counselor is expected to advocate for the student.
Teachers and administrators who have an affable, professional relationship are more likely to meet the needs of students than educators who do not.
The School Counselor Code of Ethics dictates that counselors not engage in activities that are a conflict of interest. For example, it is unethical for a school counselor to refer students to an outside agency in which the counselor has a financial interest.
Each day is fraught with potential ethical dilemmas for a school counselor. This is why it is important to counselors to keep the code of ethics at hand and read it frequently until it is memorized. Issues such as confidentiality, dual relationships, referrals, group counseling and technological concerns are all covered.