Question
A) The fall of accounting giant Arthur Anderson left a lot of people feeling that no one is invulnerable to greed, bribery, and scandal. The
A) The fall of accounting giant Arthur Anderson left a lot of people feeling that no one is invulnerable to greed, bribery, and scandal. The two rating giants, Moody's and Standard & Poor's are also the giants of their field. Can we trust these ratings? If not, where should we look to evaluate the strength of bond issues? Do you feel these ratings truly reflect the financial stability of corporations?
B) The lesson demonstrates the quantitative factors behind making correct financial decisions. What qualitative factors might influence these same cost-benefit decisions? Is it possible to put a value on any cost or benefit?
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