Campbell soup Essay Example | Topics and Well Written Essays - 1250 words

Campbell soup - Essay Example From this period, Campbell diversified its products and posted billion dollars sale but small profits. The most important development, however, was due to its borrowings from investors, the company gradually became subject to the decision and pressures of stockholders. The most important of which include the managements protracted legal battles with investors. This dimension to Campbell’s existence has resulted to the adoption of management teams that were desperate to improve Campbell’s positive net margins because it affects the stock price. This the reason why it has pulled all the stops in order to generate the positive earnings that Wall Street demands to the point that illegitimate policies were adopted. Cases in point were the improper accounting, trade loading, among other policies. 1. Identify legitimate business practices that corporate executives can use for the primary purpose of manipulating or â€Å"managing† their company’s reported operating results. Are such practices ethical? Defend your answer. Examples of legitimate business practices that corporate executives can use in order to manipulate their organization’s operating results include: trade loading or the use of excessive price concessions in order for consumers to buy more products thereby propping up the reported revenues or profits for a specific period; and, converting given period-ending discounts as selling, general and administrative expenses instead of treating them as reductions of gross revenues. Another legitimate gimmick that organizations could legitimately use to smooth out its earnings and manipulate its operation reports is by putting excessive reserves on its balance sheet (i.e. for bad debts or defective merchandise) in one quarter, in effect, lowering earnings below what they otherwise would have been, and then reversing the process in another quarter, which would result to the conversion of some of the excess reserves into profit

Textual Analysis Essay Example | Topics and Well Written Essays - 750 words

Textual Analysis - Essay Example Mill’s theory as demonstrated in the book is not a social contract theory, and Mill has no hypothesis about the state of natural rights and nature (Mill 1978, 23-34). On the contrary, he states that his theory is justified by his moral theory and utilitarianism. Mill’s own political writings justify his belief that interaction with conflicting ideas and opinions is important to any comprehensive knowledge and to liberty itself. In fact, as revealed by Elizabeth Rapaport, one of the most prominent themes in the book is the significance of allowing unorthodox thought, to act as one of the guarantors necessary for freedom (Rapaport 1978, 9-12). According to Rapaport, John Stuart Mill calls the silencing of expression a weird evil, and demands that everybody should be allowed to speak and think freely, even if those in power do not agree with them (Mill 2008, 56-66). The words† political liberation† have been used mostly in the recent times by politicians, histo rians, philosophers and many others. The core principle of political liberalism was largely made current by Locke’s â€Å"Second treatise of Government† (1690) (Locke 2010, 12-15). The rule of law, individual liberty, the right to private property and government by consent of the people are just some of the issues taken for granted as fundamental to the human condition in the current world. As a source of their ideas, most liberal theorists today base their arguments on Locke’s concepts of governance (Locke 2010, 78-80). To some; post modernism, religious fundamentalism and socialism remain the ideological threats to liberalism. If this stands out to be a fact, then these ideologies attacks on the ideas that Locke, compared to any other, was influential in making the universal vocabulary of political discourse (Locke 2010, 132-150). The ideas of Locke and Mill with regards to political governance are quite similar. It is therefore a right argument that in his bo ok â€Å"The Second Treatise of Government† Locke supported the idea of political liberty as indicated on Mill’s book â€Å"On Liberty†. John Locke sets out to explain how political society emerged, how political society emerged, how the government or state has both the legitimacy and limits to political society, and how natural rights is a common reality to everyone (Locke 2010, 39-56). Locke starts by focusing on the idea that at the beginning, human being lived in perfect liberty, an anarchistic and stateless society. According to him, everybody enjoyed the full advantage of liberty during that time. However, this extensive liberty resulted to others abusing the liberty of others. For this reason, he argues that people came together to form a state and therefore the state was formed under social contract having specific obligations (Locke 2010, 156-169). If the state exceeds those obligations, and becomes an institution that oppresses the natural rights of in dividuals, then its authenticity is definitely lost, and can be rightly removed from power, so that the social contract can be established. The book, The Second Treatise of Government has been of great influential since its publication. It has been a foundation for social contract theory which outlines the legitimacy and the limits of governance in regards to individual liberty (Locke 2010, 67-78). On his part, Mill claims that most of humankind is mediocre. Therefore, everyone should be encouraged to grow and develop his mind because the progress of humanity is