In their letter to the KPMG CEO, the four Senators refer to the sales practices as representing a “massive fraud”. Discuss whether or not you agree with their claim.
What will be an ideal response?
While the alleged sales practices represent an inappropriate and deceptive treatment of customers for
the employees’ personal gain, most would not agree with the assertion that it represented a “massive
fraud.” While over 5,300 employees were fired by Wells Fargo over the years involved for their actions,
the bank employed over 270,000 employees at the time. So, only a small percentage of Wells employees
were involved in the scheme. While Stumpf ultimately had to step down from his Chairman and CEO
role, there was no evidence that the fraud was being orchestrated from the top. More importantly, the
amounts involved were quite immaterial. Thus, it would be difficult to describe the actions as “massive
fraud.”
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The debit to factory overhead for the cost of indirect materials is obtained from the summary of the materials requisitions
Indicate whether the statement is true or false
Social entrepreneurship differs from other forms of entrepreneurship in that it gives higher priority to:
a. social value creation b. value capture c. investors d. assets
The difference between monolithic organizations and pluralistic organizations is that ________
A. pluralistic organizations have a more diverse employee population. B. pluralistic organizations are marked by a complete absence of discrimination and prejudice. C. monolithic organizations tend to have higher levels of intergroup conflicts. D. pluralistic organizations do not use an affirmative action approach to eliminate discrimination. E. monolithic organizations are much more culturally integrated.
Changing structure includes any change in structural variables such as reporting relationships, coordination mechanisms, employee empowerment, or job redesign.
Answer the following statement true (T) or false (F)