revise Part 1 and develop the solution and identify the advantages of the solution, English homework help

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PLEASE SEE ATTACHED PAPER WITH FEEDBACK FROM TEACHER AND USE THE FOLLOWING DESCRIPTION TO COMPLETE ASSIGNMENT!

Using feedback from your professor and classmates, revise Part 1 and develop the solution and identify the advantages of the solution. Note: The disadvantages or challenges with your answers will be in Part 3.

Write a six to eight (6-8) page paper in which you:

Provide Part I: Revision of A Problem Exists (3-4 pages)

1. Revise, using feedback from the professor and classmates, your Persuasive Paper Part I: A Problem Exists.

Develop Part 2: Solution to Problem and Advantages (3-4 pages for 6-8 pages total)

2. Include a defensible, relevant thesis statement clearly in the first paragraph. (The thesis statement may need to be modified to reflect added information and purpose of this part.)

3. Explain a detailed, viable solution that supports your thesis. This should be one or two (1-2) paragraphs.

4. State, explain, and support the first advantage (economic, social, political, environmental, social, equitable, ethical/moral, etc.) to your solution. This should be one or two (1-2) paragraphs.

5. State, explain, and support the second advantage (economic, social, political, environmental, social, equitable, ethical/moral, etc.) to your solution. This should be one or two (1-2) paragraphs.

6. State, explain, and support the third (and fourth if desired) advantage (economic, social, political, environmental, social, equitable, ethical/moral, etc.) to your solution. This should be one or two (1-2) paragraphs.

7. Use effective transitional words, phrases, and sentences.

8. Provide a concluding paragraph / transitional paragraph that summarizes the proposed solution and its advantages.

9. Develop a coherently structured paper with an introduction, body, and conclusion.

10. Use one (1) or more rhetorical strategies (ethos, logos, pathos) to explain advantages.

11. Support advantage claims with at least three (3) additional quality relevant references. Use at least six (6) total for Parts 1 and 2. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting guidelines:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

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A Problem Exist A Problem Exists Tracy Oliver Chrissy Faught Research and Writing ENG 215 August 07, 2017 Internal 2 A Problem Exist Introduction The issue whether the United States government should provide financial assistance to people whose retirement funds were invested in the stock of companies that may have used unethical accounting practices is an interesting yet a controversial topic. This is a topic that has caught the attention of many people; there have been complaints from people saying how they have lost all the savings that they have been putting aside for years as well as lawsuits that have been circulating in the media (Peterson, 2002). It is, however, not possible to miss this topic. This is however not the first case, schemes come and go and people hear about them some choose to believe and be warned while others turn a blind eye. It is saddening to see people become victims of schemes such as Enron and all their investments, at times it is normally their lifetime savings and investments. The government, however, cannot be held responsible for these schemes and be forced to compensate the victims, this because the schemes are carried out by independent companies. The History of Schemes Day in day out people always fall prey of a scheme which they end up losing so much of their investment. This problem has not started recently it is something that has been there, some become popular while others do not. Some companies have always been engaging in unethical practices so that they can benefit more from their clients, while not telling the truth or at times lying to them. The downfall of high profiled CEOs is something that is not new; take, for instance, the WorldCom scandal and the Tyco scandal both of them happened in the year 2002. Internal 3 A Problem Exist Some of the companies normally are not concerned with doing the right thing and they are always looking into a loop hole which they can use to gain more benefits. At times they do this by hiding some of the data that is really important to their clients (Sparkes and Cowton, 2004). Once the clients get in the business, the companies then since they have gotten what they want to stop carrying much and at times they even close down. This leaves a lot of people suffering since they had invested a lot of their money and now the company has been closed down or the government has caught up with them, the clients are left without anyone else to turn to but the government. The government is normally not responsible for the loss but again they cannot just turn a blind eye and let the people continue suffering they normally have to intervene (Kulik, et al., 2008). The irregularities had become so much that the government decided to come up with a legislation that should be able to monitor the way in which the businesses are carrying out their operation. This legislation is the Sarbanes –Oxley Act, an act responsible for auditing. Problems Involved With the Schemes One of the problems that I find existing is that people are always eager to join these schemes and invest all their saving. This is a result of lack of advice and when they are presented with a deal they think it's so good and they hurriedly take it up and they later get burnt. It is the duty of the employers to educate their employees on how to manage their retirement benefits and in which companies they should invest into. The government should also take part in this to ensure that the elderly people are well guided and that they are making the right investment and they will not end up losing their fortunes (Peterson, 2002). Internal 4 A Problem Exist The second problem has to do with the government, it the duty of the government to ensure that they companies that are set up are legit and they are not up to corn people and take advantage of the naive. Regardless of whether the company is an independent one or not, proper audits should be carried out. With legislation such as the Sarbanes –Oxley that should not be hard, this an act of the year 2002 that was passed with the main goal of protecting investors from falling prey of companies that are using unethical practices and taking advantages of the investors (Thomas et al., 2004). The act brought about the Public Company Accounting Oversight Board which is mandated with carrying out the audits mostly that of the financial statements and companies are then held responsible for any irregularities. High penalties should be imposed on companies that are conducting business in an unethical manner and should be closed down until they are able to pay up. The third problem and what I find to be the main one is what happens to the victims, do they continue suffering due to the losses and if not how then do they get help. In my opinion, the government should not be held responsible for compensating the victims. Most people are quick to point fingers at the government and hold it responsible when such things happen. I, however, think that this should not be the case unless the company is one that is owned by the government, then the government is not responsible. The government does have a duty in making sure that the companies are held responsible and the victims are compensated (Kulik, et al., 2008). Conclusion Companies that engage in such unethical behavior should be punished and the government should take stern measures to make sure that this is not repeated. Just because the government is not responsible for paying the people that became victims of the schemes do not Internal A Problem Exist 5 mean it should turn a blind eye, it should make sure that the people are compensated by the companies. The penalties imposed on the companies should be such that they serve as an example to the others and the companies will have to follow the correct procedures while carrying out their business and avoid lying to their clients. Internal 6 A Problem Exist References Kulik, B. W., O’Fallon, M. J., & Salimath, M. S. (2008). Do competitive environments lead to the rise and spread of unethical behavior? Parallels from Enron. Journal of Business Ethics, 83(4), 703-723. Peterson, D. K. (2002). The relationship between unethical behavior and the dimensions of the ethical climate questionnaire. Journal of Business Ethics, 41(4), 313-326. Sparkes, R., & Cowton, C. J. (2004). The maturing of socially responsible investment: A review of the developing link with corporate social responsibility. Journal of Business Ethics, 52(1), 45-57. Thomas, T., Schermerhorn, J. R., & Dienhart, J. W. (2004). Strategic leadership of ethical behavior in business. The Academy of Management Executive, 18(2), 56-66. Internal
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Explanation & Answer

Attached.

Running head: A PROBLEM EXIST

1

Part 1: A Problem Exists
Tracy Oliver
Chrissy Faught
Research and Writing ENG 215
August 07, 2017

A PROBLEM EXIST

2
Introduction

The issue of whether the United States government should provide financial assistance to
people whose retirement funds were invested in the stock of companies that may have used
unethical accounting practices is an interesting yet a controversial topic. This is a topic that has
caught the attention of many people; there have been complaints from people saying how they
have lost all the savings that they have been putting aside for years as well as lawsuits that have
been circulating in the media (Peterson, 2002). It is, however, not possible to miss this topic.
This is, however, not the first case. Schemes usually come and go. People hear about
them and some choose to believe while others are warned and turn a blind eye. It is saddening to
see people become victims of schemes such as Enron and all their investments, at times it is
normally their lifetime savings and investments. The government, however, cannot be held
responsible for these schemes and be forced to compensate the victims. This is because most of
these schemes are carried out by independent companies.
The History of Schemes
Day in day out people always fall prey to the scheme in which they end up losing so
much of their investments. This is not some recent problem. It is something that has been there
for quite some time. It is only that some schemes usually become very popular while others do
not at all. Some companies have always been engaging in unethical practices so that they can
benefit more from their clients, while not telling the truth or at times lying to them. The downfall
of high profiled CEOs is something that is not new; take, for instance, the WorldCom scandal
and the Tyco scandal both of them happened in the year 2002. Some of the companies normally
are not concerned with doing the right thing and they are always looking into a loop hole which

A PROBLEM EXIST

3

they can use to gain more benefits. At times they do this by hiding some of the data that is really
important to their clients (Sparkes and Cowton, 2004).
Once the clients get in the business, the companies stop carrying too much and even close
down sometimes. This leaves a lot of people suffering since they had invested a lot of their
money and now the company has been closed down or the government has caught up with them,
the clients are left without anyone else to turn to but the government. The government is
normally not responsible for the loss but again they c...


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