Business Commons^™

Economic Effects Of A Lifo Reserve Rollover, Michael Eubanks

Honors Theses

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working together toward the convergence of accounting standards to provide a single set of high quality global standards. Companies who are currently in compliance with Generally Accepted Accounting Principles (GAAP) will need to make necessary adjustments as those standards converge with International Standards. GAAP uses a rules based approach while the IFRS is more principle based. These contrasting approaches create differences that need to be reconciled at various levels of the two standards’ applications. Perhaps the most telling example, under AIS 2 Inventories, the …

Building Experience Beyond Academics, Katherine M. Ragan

Honors Theses

The object of this study is to determine the perceived benefits of building experience beyond academics. This study consisted of online survey through Question Pro with questions about what co-curricular activities students participated in, whether or not the student had held a previous leadership position, perceptions of benefits of extracurricular activities, holding a job on campus, and academics, demographics, and academic status.

Western Michigan University students were invited to participate in the survey via emails from professors and through social media site invites such as Facebook. Students were able to complete the survey at their convenience from Monday, June 18, …

Financial And Management Records For Wmu Softball, Lindsey M. Truitt

Honors Theses

The major purpose of this thesis is to create new documents, charts, and forms to better organize the financial, recruiting, and travel information for the Western Michigan University (WMU) softball team. The three forms created include a hotel log, recruiting log, and budget form. Each form is essential for recording events and should enhance the efficiency and ease of recordkeeping. The forms will also help with organizing different files and information. The creation of a hotel log will help plan softball trips and provide a history of well-liked hotels with reasonable prices in locations convenient to the playing fields. The …

Online Music Piracy In College-Age Students, Jasmine D. Allen

Honors Theses

The purpose of this study is to assess the demographic profile of online music pirates and to assess how the magnitudes of various existing constructs differ according to gender. To reach conclusions as to which kinds of college students engage in online music piracy and their reasons for doing so, a campus-wide online survey that assessed the demographic information and piracy motivations of participants was offered to college students at a university. There is a need for this study because it will further contribute to a growing knowledge base that offers explanations as to why individuals partake in acts of …

Personal Savings In The United States, Samanatha A. Marsh

Honors Theses

Over the past decade personal savings in America has been much lower than in the past. The question is why household savings is so much lower and what factors are contributing to the decline. To answer this question, I look at data collected from the Bureau of Labor Statistics (BLS). The BLS has conducted a survey of consumer expenditures, or buying habits, since 1984. By using the BLS 2010 Consumer Expenditure Data, I can look at how different factors, such as income, age, family size and number of kids under the age of eighteen all effect household savings. Using the …

The Impact Of Whistleblowing Legislation On Developed And Emerging Markets, Catherine C. Koh

Honors Theses

This paper intends to study the impact of whistleblowing legislations and on developed and emerging markets. The main reason the study is carried out is because there is lack of research and literature conducted on this topic areas. The testing of the relationship between how whistleblowing affects the equity markets in developed and emerging countries is conducted through a multi-regression analysis across four parameters (i) the weekly historical adjusted returns of the countries' indices around the time the legislation was proposed or passed, (ii) the occurrence of the event which is the week when the legislation was promulgated or enacted, …

Navigating The Skills Of Successful Leaders In Business And Sailing, Aras Karaitis

Honors Theses

This research starts by examining some men who have achieved great success in both business and sailing. Looking at the skills and competencies that set these men apart from their competition. The research shows how leaders in both situations organize teams, motivate, and build trust among their individual team members. While gaining an understanding of the value of using a Kaizen approach to leadership in order to promote an atmosphere of continuous improvement and open communication. The research also examines how successful leaders in both business and sailing monitor and react to the external environment, consistently working to manage risk, …

Insights Of A Wmu Student Into The Particularities Of Non-Profit Organizations: Observations From Cross-Cultural Experience In Two Organizations., Alyssa L. Lord-Hill

Honors Theses

Through my voluntary service in the non-profit sector I have been given the opportunity to experience the benefits that non-profit organizations provide and their missions and strategies to go about fulfilling them. In the course of completing my 6-month internship abroad and as founder of the German Club at WMU, these experiences have sparked my interests in non-profit organizational and success factors. Personal experience is the key to understanding and being able to accurately analyze a situation. Thus I will be using the two non-profit organizations to aid in the understanding of non-profit organizations and their counterparts, for-profit businesses. My …

The Impact Of Quantitative Easing Measures On Interest Rates, Financial Markets, And Economic Activity: A Case Study Of U.S.A., Aneesha A. Rai

Honors Theses

This study focuses on the impact of Quantitative Easing measures done by the Federal Reserve and its impact on the U.S.A, with a focus on interest rates, financial markets and economic activity. The Quantitative Easing measures studied are Operation Twist, Quantitative Easing I as well as Quantitative Easing II. The secondary research is conducted using event studies, and different perspectives of economists have been taken into consideration. The answer whether further quantitative easing should be pursued by the Federal Reserve is debated. A different step-by-step view is given into reasons as to why this quantitative easing has been pursued. A …

The Increased Savings Of Cash By United States Firms, Robert M. Zak Jr.

Honors Theses

Today, many United States firms are holding nearly double the amount of cash they held in the 1980s. The purpose of this discussion is to interpret and analyze the increase of cash-holdings of United States firms throughout the last 30 years, and to determine exactly how and why firms are holding so much more cash than they used to hold in the past. This discussion conveys significant reasons of why firms throughout the United States are holding more cash, including: a recent drop in on-hand inventories, an increased risk of cash flows for firms, money spent on capital by firms …

Mobile Device Security: Current Challenges And Existing Solutions, Hugo J. Martinez

Honors Theses

The mobile device industry has increased exponentially over the past couple decades. This has created a great demand for the devices along with great dependence on their capabilities. There is an assortment of mobile devices among which can be found laptops, tablets, smartphones, and personal music players. All these provide a way of making personal productivity and business capabilities greater. While businesses and the public benefit from the capabilities of these devices, not everyone notices how valuable the information that they handle is. Today’s mobile devices handle information such as contacts, banking details, GPS location, and personal and corporate e-mail …

Government Influence And The Failure Of Fannie Mae And Freddie Mac, Aravind Mohan

Honors Theses

In 2008 two government-sponsored enterprises, Fannie Mae and Freddie Mac, were placed into conservatorship due to insolvency. The financial bailout of the two publically traded corporations came at the expense of the American tax payer. This study investigates the relationship between direct and indirect government influence and the increasing risk taking of Fannie Mae and Freddie Mac from the late 1990’s through their conservatorship in 2008. As government-sponsored enterprises Fannie Mae and Freddie Mac have many special advantages that other publically traded companies did not possess. These advantages allowed Fannie Mae and Freddie Mac to increase their profitability. Theoretical literature …

Challenges Of The Cooperative Movement In Addressing Issues Of Human Security In The Context Of A Neoliberal World: The Case Of Argentina, Stefan Ivanovski

Honors Theses

The response of some Argentine workers to the 2001 crisis of neoliberalism gave rise to a movement of worker-recovered enterprises (empresas recuperadas por sus trabajadores or ERTs). The ERTs have emerged as former employees took over the control of generally fraudulently bankrupt factories and enterprises. The analysis of the ERT movement within the neoliberal global capitalist order will draw from William Robinson’s (2004) neo-Gramscian concept of hegemony. The theoretical framework of neo-Gramscian hegemony will be used in exposing the contradictions of capitalism on the global, national, organizational and individual scales and the effects they have on the ERT movement.

The …

Autism Insurance Coverage : Which State Policies Work And Why?, Elizabeth Ivy Homan

Honors Theses

In the spring of 2011, Virginia's legislature passed its first autism insurance mandate via Senate Bill 1062 and House Bill 2467. As a legislative intern for Senator Janet Howell - the primary sponsor of SB 1062 - I was able to track the mandate from beginning to end. I observed conferences between Senator Howell and representatives from autism advocacy groups, I sat in on various Senate and House committee meetings, I carefully reviewed changes in the mandate's text when Senator Howell compressed her two original autism bills into one new bill in order to match Delegate Greason's HB 2467, and …

Can The Demand Problem Be Fixed? The Effect Of Economic Crisis On The Lodging Sector Of The Tourism Industry., Kirsten Costello

Honors Theses

While hospitality started with small inns and bed and breakfasts run out of a family's home, the first hotel was a 73-room property in New York City, which was astronomically larger than consumers were accustomed to, (Withiam, 2000, p. 2) and is considered small by today's standards. Throughout life, at one point or another, most have stayed at a bed and breakfast, timeshare, motel, or hotel. Most enjoy the experience, but few realize what happens to lodging properties when there is an economic downturn. During times of economic crisis, families and businesses tend to spend more time controlling expenses, which …

Investigating The Role Of Online Social Media In Consumer-Firm Relationships, Janna Cole

Honors Theses

Regarding the role of Web 2.0 in business activities, three primary areas of interest are under discussion: (1) how Web 2.0 tools should be integrated into firms' marketing strategies, (2) how Web 2.0 tools should be used to build or retain brand equity and create value with consumers, and (3) how the participation of brands in Web 2.0 influences consumers attitudes and behaviors, if at all. There are some overlaps between these subjects, particularly involving the role of consumers in appreciating or diminishing brands' reputations, as well as information gaps to be filled by further research as these technologies continue …

Outsourcing: More Harm Than Good, Ly Luu Pham

Honors Theses

Outsourcing is a highly effective strategy, widely used in various types of business to gain a competitive edge. The tremendous growth of outsourcing first started in the manufacturing and information technology industries. It has also spread into the accounting industry as well. However, in accounting the major problems and benefits caused by outsourcing are different from those identified in the manufacturing and IT industries. This leads to the question of whether or not outsourcing in accounting would create more advantages than disadvantages. This paper analyzes the question through four steps: (1) how accounting outsourcing is done, (2) which accounting tasks …

Comparing Historical And Implied Volatility For A Silver Electronically Traded Fund Between Months Of High And Low Returns, Jacob G. Downey

Honors Theses

Silver as a commodity is used in many different industrial applications as well as in jewelry. Silver is five times scarcer than gold (Stamey, Class Notes, 2011) is at this point and is becoming more and more popular with investors. Many investors instead of buying physical silver have looked to invest in the Silver ETF. An ETF is an Exchange Traded Fund, and is a way to trade a commodity like a stock. A price varies in proportion to the commodity, so as Silver moves so does SLV (Silver ETF). In this paper, the Silver ETE chosen was iShares Silver …

Remixing Business Models: Technology And The Future Of The Modern Music Industry, Ryan Brown

Honors Theses

The music industry has undergone significant changes throughout the past few decades. The primary basis of these changes is technology, which has impacted everything from finding artists to distributing music. However, record labels have been slow to adapt to these changes, which has led to serious problems such as illegal music downloading. Illegal downloading, also known as "music piracy," has radically changed the entire business and distribution structures within the music industry. Although lawsuits and other strategies have been undertaken to attempt to combat this particular issue, technology will continue to affect the music industry for the foreseeable future. Advances …

The Effect Of Ifrs Convergence On Coastal Carolina University Accounting Major Students, Stephanie Wehrung

Honors Theses

The Securities and Exchange Commission (SEC) has been working with the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) in converging United States Generally Accepted Accounting Principles (US GAAP) with International Financial Reporting Standards (IFRS). The US is one of the last large economic powers in the world remaining that has yet to start reporting using IFRS. The business environment is not the only group that is facing great obstacles with this change; universities will also be facing difficulties as they try to properly prepare students for their future careers. Accounting students will obviously be affected, …

Perceptions Of Walt Disney World: Antecedents To Return Visits, Tiffani A. Cosson

Honors Theses

Walt Disney World is an extremely popular tourist destination that attracts millions of visitors each year. Scholars have researched Walt Disney World and there are many different written articles on the subject, however there are very few that delve deep enough into the subject to generate quantitative data about visitors rather than only opinions about the parks. Due to its popularity and prominence in America, it is important to determine which demographic segment prefers to visit Walt Disney World. This can be used for both the parks themselves as a marketing tool, and consumers as well by knowing when the …

Petro-Politics In Venezuela, Zachary Grant

Honors Theses

The twentieth century gave rise to a competition among countries that is exponentially growing vicious. This competition, sometimes referred to as "petroleum politics," has engulfed the late twentieth century and all of the twenty-first century in diplomatic chaos. This has not only stirred animosity among national leaders, it has also caused war and bloodshed on au international scale. In a world where money and nuclear weapons once demonstrated power, countries are now fighting for control of this precious, non-renewable resource and the unlimited amount of power that comes with its control. One man who has strategically used his control of …

U.S. Progress Toward Ifrs, Whitney Hucks

Honors Theses

There has been much discussion about the FASB and the IASB and their joint efforts to create a new set of accounting standards. There is also much debate over which set of accounting standards, U.S. GAAP or IFRS works best for corporations in the U.S. and for financial accounting purposes. The following is a discussion of the pertinent and relevant points made by those who are for IFRS, those who are for GAAP, and those who are for a mixture of the two sets of standards. These arguments all tend to fall under one of the following umbrellas: ignore IFRS, …

The Smartest "Guise" In The Room: Why America Is Doomed To Repeat An Enron-Like Scandal, Shayne Reddington

Honors Theses

There is no question that Enron has brought change to the landscape surrounding business practices both domestically and globally. After the Emon Scandal occurred, Congress passed a very controversial and groundbreaking legislative act known as the Sarbanes-Oxley Act as a means of stopping the conditions that made this widespread scandal possible. There are several reasons why another Emon-type Scandal is prone to repeat itself in the near future. One of the reasons is that Sarbanes-Oxley is not the perfect bill. Although the controversial Sarbanes-Oxley is a valiant effort to reform the environment that fostered Enron, there are major gaps and …

Cross-Cultural Influences On Management Practices: It's Impact On Distribution Of Power, Leadership, And Communication. A Comparative Study Between The Dominican Republic And The United States, Paol P. Badia Diaz

Honors Theses

Different nations have particular ways of conducting businesses. At the root of most problems that arise during international negotiations, is a lack of cultural understanding. In a study conducted by Hofstede it was found that over 50% of differences in manager's attitude was due to national culture; a portion that exceeded profession, race, and gender. Many intercultural misunderstandings are due to behaviors of a person from one culture being incorrectly perceived, interpreted and reacted to by a person from another culture (Schmidt, Conaway, Easton & Wardrope, 2007). If the 47 million Latin Americans living in the United States were to …

The Family And Medical Leave Act: Effects On Women's Wages And Employment, Andrea E. Miller

Honors Theses

For many years, women's labor force participation and issues of parental leave have been of great importance not only to families and individuals, but also to policy makers, researchers, and employers alike. The Family and Medical Leave Act was the first federal policy enacted in an effort to accommodate medical leave for employees. The Family and Medical Leave Act allowed both men and women to take extended, unpaid leaves due to personal or family medical and health issues. The FMLA establishes a federal, minimum leave threshold in order for employees to take such an extended leave to include the following …

The Great Recession And Its Effect On Small Businesses And Unemployment Rates, Alyssa Sharples

Honors Theses

The 2007 financial crisis, otherwise known as the "Great Recession," has impacted the economy tremendously in the past three years. Businesses have been drastically impacted, as have the lives of workers in the United States. Many articles have been published about different aspects of the recession. One question that has not been completely addressed is how the Great Recession has affected small businesses and unemployment rates. The reason for addressing these two topics is because they are closely related to one another. Small business owners are reporting that there has been a decline in sales. Consumers are not willing to …

Title Ix Compliance: A Comparison Of Coastal Carolina University To Other Regional Universities, Bailey Devon Howard

Honors Theses

Title IX of the Education Amendments of 1972 and its subsequent interpretations have created legal ground for gender equity in collegiate athletics departments. After 38 years of its existence, however, there are still fewer opportunities for women to be involved in athletics at the collegiate level at NCAA universities. While there are some general characteristics that appear to predispose universities to have lower compliance levels, little research has been done on institution-specific compliance. This study seeks to illustrate Title IX compliance levels of the Big South Conference and South Carolina Division I universities, using Coastal Carolina University as the focal …

Businesses Going Green: An Analysis Of The Factors That Motivate Firms To Adopt Environmentally Friendly Practices, Emma Currin

Honors Theses

The purpose of this analysis is not to degrade environmentally friendly efforts by firms, but rather to explore their motivations for adopting such sustainable initiatives. Current research would suggest that businesses are motivated to adopt environmentally friendly practices by a combination of legal requirements, corporate social responsibility, and gaining some sort of businesses advantage such as reduced costs, increased market share, and similar financial benefits. Determining what it is that contributes to a firm's decision making process can have several positive implications. It may help a firm to better address the changing needs of an evolving society, the government to …

How Does Color In Package Design Lead To Emotional Appeal And Consumer Behavior?, Andrea Floyd

Honors Theses

Consumer behavior can be broken down into specific components including different behaviors, such as attention, motivation, and persuasion, which can all lead the consumer to purchase. Within the literature, there is a common order that consumer behavior tends to follow, and all consumers go through a series of steps in their decision process before making a purchase. Scholars claim that attention leads to motivation, which leads to purchase. Many scholars also recognize emotional appeal and emotional value and their large influence on consumer behavior. Attention, motivation, and purchase can all be provoked using emotional appeal. Scholars suggest that emotional appeal …