Theodore Roosevelt And His Influence On Our Lives

He scaled the mighty Matterhorn, lost his vision in one eye from a boxing match, and skinny dipped in the Potomac. Who was this grad-school dropout who would preside as president of the United States and win a nobel peace prize? Theodore Roosevelt was an accomplished man that had tremendous influence on our lives today through his presidency as well as his political contributions. Over the next few pages we will take a closer look at the Theodore or â€Å"Teddy† Roosevelt’s accomplishments in life, his presidency and delve into his political policies. Theodore Roosevelt’s childhood was adventurous despite him suffering from asthma. His father took him on hunting trips in exotic locations around the world. At 18 years of age, Theodore Roosevelt attended Harvard before attending Columbia Law and after passing the bar examination he dropped out of Columbia Law in 1881, prior to his graduation, to further his political career. In 1881 Theodore Roosevelt was elected to the position of New York assemblyman. During his time as assemblyman Roosevelt â€Å"introduced four bills within the first 48 hours of the legislative session: water purification, aldermanic election reform, finance reform for New York City, and judicial reform† (Kennedy.) Although only one was passed and that version was highly modified from the original. A prolific writer throughout his adult life, Theodore Roosevelt published his first book in 1881, The Naval War of 1812 establishing â€Å"his reputation as aShow MoreRelatedTheodore Roosevelt : A Visionary Leader1554 Words   |  7 Pagesensure the welfare of society, we have two parties that control almost everything. This was not how Theodore Roosevelt led our country. He was a visionary and ethical leader. This paper explains why by describing Theodore Roosevelt’s use of visionary leadership to protect America’s natural resources by being an emotionally flexible leader and using his inspirational motivation. Theodore Roosevelt was an Ethical Leader because he put service before self by resigning from the position of AssistantRead More Theodore Roosevelt Essay1657 Words   |  7 PagesTheodore Roosevelt Theodore Roosevelt was a strong leader and ruled with an iron fist as a president. He conquered the frontier and went on to conquer other countries as well. Roosevelt was a born leader. During his childhood he overcame his sickness by exercising and participating in outdoor activities. After Theodore graduated from Harvard he went straight into politics. He began his career as the president of the New York Board of Police Commissioners. Later Roosevelt continued his careerRead MoreNineteen Days That Unexpectedly Changed America979 Words   |  4 Pages a few months after the death of President William McKinley, Theodore Roosevelt addressed the United States. He said, â€Å"Indeed, from every quarter of the civilized world we received, at the time of the President’s death, assurances of such grief and regard as to touch the hearts of our people. In the midst of our affliction we reverently thank the Almighty that we are at peace with the nations of mankind; and we firmly i ntend that our policy shall be such as to continue unbroken these internationalRead MoreTheodore (‘Teddy’ or T.R.) Roosevelt was born on October 27, 1858 in New York City, New York. Teddy800 Words   |  4 Pages Theodore (‘Teddy’ or T.R.) Roosevelt was born on October 27, 1858 in New York City, New York. Teddy was the second born out of four children in his family. As a child I wouldn’t say he was the healthiest. He suffered from asthma and poor eye sight, which explains his glasses, throughout his childhood. Since he was sick all of the time he didn’t attend school, he was home schooled. His mom and sometimes aunt would be his teacher. His family traveled around Europe, while they were in EuropeRead MoreThe Presidency Of The United States1401 Words   |  6 Pagesthe United States, many were really just caretakers eclipsed in prominence by various industrialists and robber barons. The modern American presidency was actually the creation of Theodore and Franklin Roosevelt who by different means expanded and strengthened the office of the President of the United States. The Roosevelt family revolutionized how the United States operated and functioned. They had implemented many policies and programs that helped with preservation of the nation’s land, helping theRead MoreRoosevelt vs. Wilson Essay514 Words   |  3 PagesRoosevelt vs. Wilson Two great men, two great presidents, led our nations to excellency and great success. Theodore Roosevelt and Woodrow Wilson were hard working, intelligent men who were very familiar, but were also different in many aspects. Through their dedication to our country and their passion of politics they have made our country better. There were many similarities between Theodore Roosevelt and Woodrow Wilson. The special relationship with their fathers was a quality thatRead MoreThe Presidential Election Of 1912 Essay1664 Words   |  7 PagesProgressive Theodore Roosevelt, Republican William Howard Taft, and Socialist Eugene Debs all had their opposing views on the issues that concerning the future of democracy in America. Some of the issues were; the Conservation of Natural Resources, Direct Democracy, Labor, Race, Tariff, Trusts and Regulation of Business, and votes for Women. Majority of the people desired change, as would I if I were to have lived during this time period . My vote would have been for Theodore Teddy Roosevelt, as theRead MoreA Fair Wage System Did Not Exist Even Before The Industrial Revolution1688 Words   |  7 Pagesget poorer. This led economists to get involved in creating just systems. This new church received many supporters, including the working class. The Pope and Catholic Church agreed that a just wage is what a man should earn to support his family and care for his land. However, many Christians didn’t share the same beliefs as the â€Å"Social Gospel† and formed their own theology, which was Fundamentalism. These Christians presented counterpoints to the theology. Fundamentalists rejected all the effortsRead MoreThe President Of The United States1783 Words   |  8 Pagesthe very important role of proving to you that Theodore â€Å"Teddy† Roosevelt remains our nation’s finest President, and is more than deserving of the monument that will serve as a testament to his achievements as our country’s greatest leader. Serving as the 26th President of the United States of America, Roosevelt was in office from September 14, 1901, as a result of the devastating assassin ation of President William McKinley, to March 4, 1909, when his second term came to an end. From the moment heRead MoreThe United States Of America1527 Words   |  7 Pagesword is most often associated with the British Empire but in the late 19th and early 20th century the United States also possessed imperialistic policies. U.S. President’s such as William McKinley, Theodore Roosevelt and Nixon all possessed imperialist views and policies which violated the ideals of our Founding Fathers. Men and women fled Europe in the face of European persecution because of their religious beliefs. The Founding Fathers were committed to the sense of exceptionalism with substantial

The Conflict Between Personal Experience And The Wider...

Homelessness has been a common and natural feature of a city throughout the world. While the public perceptions of these â€Å"undesirables† are lazy, dangerous, and ignorant, it is not solely their fault and choice to be on the streets. Sociological imagination, as coined and defined by C. Wright Mills, is â€Å"the vivid awareness of the relationship between personal experience and the wider society†. Simply put, it is the ability to interpret situations and circumstances in terms of social context and understand how they interact and influence each other. Different paradigms of sociology exist to explain the ongoing social issues and their factors, and offer solutions for a more evolved society. Contrary to popular association of homelessness with drugs, alcohol, violence and crime, it is not always an outcome of laziness or wrong choice. Many inevitable factors exist at a microscopic level for each street person who was pushed (forced) onto the streets. According to the article, â€Å"Street People† by David. A Snow and Leon Anderson, factors that lead homelessness to private trouble include â€Å"lacking the money to enter even the low-income housing market, having limited education, few job skills, a dearth of social support off the streets, and in many cases problems with alcohol or drugs†. Other factors that account for the remaining portion are mental illness, domestic violence, and divorce. Obviously, these circumstances are beyond one’s control and street people are not the onlyShow MoreRelatedSociological Imagination, Social Construction Of Reality And Socialization902 Words   |  4 Pagesthe connection between their own experience of reality and the experiences of society as a whole. This realization allows people to make sense of the world around them. When one applies sociological imagination, they are stripping their own personal experiences from their thoughts to analyze the social world around them. 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Essentually, both texts explore the impact of a relationship, or lack thereof, on self-identityRead MoreMid Term Break By Seamus Heaney1598 Words   |  7 PagesSeamus Heaney is a poet born in Northern Ireland, County Derry, in 1939. His birth thus aligned with the beginnings of the second world war and he was exposed to conflict and sectarian violence, division between Catholics and Protestants, from a young age. Themes of nationalism, patriotism and British imperialism are often featured in his works. This is the case in Requiem for the Croppies, a poem published on the 50th anniversary of the Easter uprising of 1916 which alludes to the 1798 Vinegar HillRead MoreA Study Of Human Social Relationships And Organisations Essay1691 Words   |  7 Pagesand Gintis( 1976)† stated schools are agents for socialistation but only because it helps produce the right kind of workers for a capitalist business(p.147). This would appear to suggest that according to both social theorists there is a connection between education and social inequilty. The educational system helps ypung people to prepare for the ecomnice system. The structure of the education system helps them with displaine and to prepare them to enter the workforce. As regards to my CA brief I will

Financial Ratios for East Coast Yachts Free Essays

Question 1: Financial ratios for East Coast Yachts: Current ratio| =| Current Assets| | | Debt-equity ratio| =| Total liabilities| | | Current Liabilities| | | | | Total equity| | =| $14,651,000 | | | | =| $19,539,000 + $33,735,000| | | $19,539,000 | | | | | $55,341,000 | | =| 0. 75| | | | =| 0. 96| | | | | | | | | | | | | | | | | Quick ratio| =| Current Assets – Inventory| | | Equity multiplier| =| Total assets| | | Current Liabilities| | | | | Total equity| | =| $14,651,000 – $6,136,000| | | | =| $108,615,000 | | | $19,539,000 | | | | | $55,341,000 | | =| 0. We will write a custom essay sample on Financial Ratios for East Coast Yachts or any similar topic only for you Order Now 44| | | | =| 1. 96| | | | | | | | | | | | | | | | Total asset turnover| =| Sales| | | Interest coverage| =| EBIT| | | Total Assets| | | | | Interest| | =| $167,310,000 | | | | =| $23,946,000 | | | $108,615,000 | | | | | $3,009,000 | | =| 1. 54| | | | =| 7. 96| | | | | | | | | | | | | | | | | Inventory turnover| =| COGS| | | Profit margin| =| Net Income| | | Inventory| | | | | Sales| | =| $117,910,000 | | | | =| $12,562,200 | | | $6,136,000 | | | | | $167,310,000 | | =| 19. 22| | | | =| 7. 51%| | | | | | | | | | | | | | | | | Receivables turnover| =| Sales| | | Return on assets| =| Net Income| | | Accounts receivable| | | | | Total assets| =| $167,310,000 | | | | =| $12,562,200 | | | $5,473,000 | | | | | $108,615,000 | | =| 30. 57| | | | =| 11. 57%| | | | | | | | | | | | | | | | | Debt ratio| =| Total assets – Total equity| | | Return on equity| =| Net Income| | | Total assets| | | | | Total equity| | =| $108,615,000 – $55,341,000| | | | =| $12,562,200 | | | $108,615,00 0 | | | | | $55,341,000 | | =| 0. 49| | | | =| 22. 70%| | | | | | | | | | | | | | | | | Question 2: | | East Coast Yachts| | Yacht Industry Ratios| | | | | Lower Quartile| Median| Upper Quartile| Current ratio| | 0. 75| | 0. 50| 1. 43| 1. 9| Quick ratio| | 0. 44| | 0. 21| 0. 38| 0. 62| Total asset turnover| | 1. 54| | 0. 68| 0. 85| 1. 38| Inventory turnover| | 19. 22| | 4. 89| 6. 15| 10. 89| Receivables turnover| | 30. 57| | 6. 27| 9. 82| 14. 11| Debt ratio| | 0. 49| | 0. 44| 0. 52| 0. 61| Debt-equity ratio| | 0. 96| | 0. 79| 1. 08| 1. 56| Equity multiplier| | 1. 96| | 1. 79| 2. 08| 2. 56| Interest coverage| | 7. 96| | 5. 18| 8. 06| 9. 83| Profit margin| | 7. 51%| | 4. 05%| 6. 98%| 9. 87%| Return on assets| | 11. 57%| | 6. 05%| 10. 53%| 13. 21%| Return on equity| | 22. 70%| | 9. 93%| 16. 54%| 26. 15%| The liquidity ratio shows that the company has less liquidity as compare to the whole industry. East Coast Yachts current ratio is below the median industry ratio and the quick ratio is positioned at the median industry ratio. This indicates that the company may access to short-term borrowing. Referring to the turnover ratio, all the three ratios, I. e. total asset turnover, inventory turnover and receivables turnover are higher than upper quartile industry ratio. This indicates that the company is more efficient among the whole industry in using its assets to generate sales. The financial leverage ratios, which include the debt ratio, debt-equity ratio, equity multiplier and interest coverage, are all below the median industry ratio, but higher than the lower quartile. This shows that East Coast Yachts is having less debt than the other companies in the industry, but is still within the normal range. The profit margin, return on assets as well as return on equity of the company are higher than the industry median. This shows that the company’s profitability is performing well among the whole industry. As an overall, East Coast Yachts is performing well in the industry, while more concentration would only be required to be placed on the liquidity ratios. Question 3: Return on equity = 22. 70% Retention ratio (b)| =| Net income – Dividends| | | Net Income| | =| $12,562,200 – $7,537,320| | | $12,562,200 | | =| 40%| Sustainable growth rate (SGR) = Return on equity x Retention ratio = 22. 70% x 0. 4 = 9. 08% Increase in assets| =| Assets| x| ? Sales| | | Sales| | | | =| $108,615,000 | x| (167,310,000 x 9. 08%)| | | $167,310,000 | | | | =| $9,862,242. 00 | | | | | | | | Increase in spontaneous liabilities| =| Spontaneous liabilities| x| ? Sales| | | Sales| | | | =| $6,461,000 | x| (167,310,000 x 9. 08%)| | | $167,310,000 | | | | =| $ 586,658. 80 | | | | | | | | Retention ratio (b)| =| Addition to RE| | | | | Net income| | | | =| $5,024,880 | | | | | $12,562,200 | | | | =| 40%| | | | | | | | Profit margin| =| Net income| | | | | Sales| | | | =| $12,562,200 | | | | | $167,310,000 | | | | =| 8%| | | | | | | | Increase in equity| =| PM x Projected sales x retention ratio| | =| 8% x ($167,310,000 x 1. 0908) x 0. 4| | =| $5,840,055. 94 | | | | | | | | External Funds Needed (EFN)| =| Increase in assets – Increase in spontaneous liabilities – Increase in equity| | =| $9,862,242. 00 – $586,658 – $5,840,056| | =| $3,435,527. 26 | | | | | | | | | | | | | East Coast Yachts| | | Pro forma Income Statement| | | Sales| | 182,501,748| | | Cost of goods sold| | 128,616,228| | | Other expenses| | 21,809,455| | | Depreciation| | 5,460,000| (Assume constant)| Earnings before interest and taxes (EBIT)| 26,616,065| | | Interest| | 3,009,000| (Assume constant)| Taxable income| | 23,607,065| | | Taxes (40%)| | 9,442,826| | | Net Income| | 14,164,239| | | Dividends| | 8,221,709| | | Addition to RE| | 5,481,139| | | | | | | | East Coast Yachts| | | Pro forma Balance Sheet| | | Assets| | | | | Current assets| | | | | Cash| | 3,318,214| | | Accounts receivable| | 5,969,948| | | Inventory| | 6,693,149| | | Total| | 15,981,311| | | Fixed assets| | | | | Net plant and equipment| | 102,495,931| | | | | | | | | | | | | Total assets| | 118,477,242| | | | | | | | Liabilities| | | | | Current liabilities| | | | | Accounts payable| | 7,047,659| | | Notes payable| | 14,265,482| | | Total| | 21,313,141| | | | | | | | Long term debt| | 33,735,000| | | | | | | | Shareholders’ equity| | | | | Common stock| | 5,200,000| | | Retained earnings| | 54,693,803| | | Total equity| | 59,893,803| | | | | | | | Total liabilities and equity| | 114,941,944| | | | | | | | EFN| | 3,535,298| | | Current ratio| =| Current Assets| | Debt-equity ratio| =| Total liabilities| | | Current Liabilities| | | | Total equity| | =| $15,981,311 | | | =| $21,313,141 + $33,735,000| | | $21,313,141 | | | | 59,893,803 | | =| 0. 75| | | =| 0. 92| | | | | | | | | | | | | | | Quick ratio| =| Current Assets – Inventory| | Equity multiplier| =| Total assets| | | Current Liabilities| | | | Total equity| | =| $15,981,311 – $6,693,149| | | =| $118,477,242 | | | $21,313,141 | | | | $59,893,803 | | =| 0. 44| | | =| 1. 98| | | | | | | | | | | | | | | Total asset turnover| =| Sales| | Interest coverage| =| EBIT| | | Total Assets| | | | Interest| | =| $182,501,748 | | | =| $26,616,065 | | | $118,477,242 | | | | $3,009,000 | | =| 1. 54| | | =| 8. 85| | | | | | | | | | | | | | | Inventory turnover| =| COGS| | Profit margin| =| Net Income| | | Inventory| | | | Sales| =| $128,616,228 | | | =| $14,164,239 | | | $6,693,149 | | | | $182,501,748 | | =| 19. 22| | | =| 7. 76%| | | | | | | | | | | | | | | Receivables turnover| =| Sales| | Return on assets| =| Net Income| | | Accounts receivable| | | | Total assets| | =| $182,501,748 | | | =| $14,164,239 | | | $5,969,948 | | | | $118,477,242 | | =| 30. 57| | | =| 11. 96%| | | | | | | | | | | | | | | Debt ratio| = | Total assets – Total equity| | Return on equity| =| Net Income| | | Total assets| | | | Total equity| | =| $118,477,242 – $59,893,803| | | =| $14,164,239 | | | $118,477,242 | | | | $59,893,803 | | =| 0. 49| | | =| 23. 5%| | | East Coast Yachts| | | Original ratios| | Based on pro forma| Current ratio| | 0. 75| | 0. 75| Quick ratio| | 0. 44| | 0. 44| Total asset turnover| | 1. 54| | 1. 54| Inventory turnover| | 19. 22| | 19. 22| Receivables turnover| | 30. 57| | 30. 57| Debt ratio| | 0. 49| | 0. 49| Debt-equity ratio| | 0. 96| | 0. 92| Equity multiplier| | 1. 96| | 1. 98| Interest coverage| | 7. 96| | 8. 85| Profit margin| | 7. 51%| | 7. 76%| Return on assets| | 11. 57%| | 11. 96%| Return on equity| | 22. 70%| | 23. 65%| As noted from above, the liquidity and turnover ratio will remain constant assuming growth precisely at 9. 8%. Debt-equity ratio will decreased slightly while equity multiplier and interest coverage increased, assuming interest remain constant. Slight improvement also noted from profit margin, return on assets and return on equity. Question 4: Growth rate| | 20%| | | | | | | | Increase in assets| =| Assets| x| ? Sales| | | Sales| | | | =| $108,615,000 | x| (167,310,000 x 20%)| | | $167,310,000 | | | | =| 21,723,000. 00 | | | | | | | | Increase in spontaneous liabilities| =| Spontaneous liabilities| x| ? Sales| | | Sales| | | | =| $6,461,000 | x| (167,310,000 x 20%)| | $167,310,000 | | | | =| $1,292,200. 00 | | | | | | | | Retention ratio (b)| =| Addition to RE| | | | | Net income| | | | =| $5,024,880 | | | | | $12,562,200 | | | | =| 40%| | | | | | | | Profit margin| =| Net income| | | | | Sales| | | | =| $12,562,200 | | | | | $167,310,000 | | | | =| 8%| | | | | | | | Increase in equity| =| PM x Projected sales x retention ratio| | =| 8% x ($167,310,000 x 1. 2) x 0. 4| | | =| $6,424,704. 00| | | | | | | | External Funds Needed (EFN)| =| Increase in assets – Increase in spontaneous liabilities – Increase in equity| | =| $21,723,000. 0 – $1,292,200. 00 – $6,424,704. 00| | =| $14,006,096. 00| | | | | | | | | | | | | | | | | | East Coast Yachts| | | Pro forma Income Statement| | | Sales| | 200,772,000| | | Cost of goods sold| | 141,492,000| | | Other expenses| | 23,992,800| | | Depreciation| | 5,460,000| (Assuming constant)| Earnings before interest and taxes (EBIT)| 29,827,200| | | Interest| | 3,009,000| (Assuming constant)| Taxable income| | 26,818,200| | | Taxes (40%)| | 10,727,280| | | Net Income| | 16,090,920| | | Dividends| | 9,044,784| | | Addition to RE| | 6,029,856| | | | | | | | East Coast Yachts| | | Pro forma Balance Sheet| | | Assets| | | | | Current assets| | | | | Cash| | 3,650,400| | | Accounts receivable| | 6,567,600| | | Inventory| | 7,363,200| | | Total| | 17,581,200| | | Fixed assets| | | | | Net plant and equipment| | 112,756,800| | | | | | | | | | | | | Total assets| | 130,338,000| | | | | | | | Liabilities| | | | | Current liabilities| | | | | Accounts payable| | 7,753,200| | | Notes payable| | 15,693,600| | | Total| | 23,446,800| | | | | | | | Long term debt| | 33,735,000| | | | | | | | Shareholders’ equity| | | | | Common stock| | 5,200,000| | | Retained earnings| | 60,169,200| | | Total equity| | 65,369,200| | | | | | | | Total liabilities and equity| | 122,551,000| | | | | | | | EFN| | 7,787,000| | | | | East Coast Yachts| | | Original ratios| | Growth @9. 08%| | Growth @20%| Debt-equity ratio| | 0. 96| | 0. 92| | 0. 87| Equity multiplier| | 1. 96| | 1. 98| | 1. 99| Interest coverage| | 7. 96| | 8. 85| | 9. 91| Profit margin| | 7. 51%| | 7. 76%| | 8. 01%| Return on assets| | 11. 57%| | 11. 96%| | 12. 35%| Return on equity| | 22. 70%| | 23. 65%| | 24. 62%| The growth rate of 20% indicates that the EFN is $7,787,000. Debt-equity ratio will decrease by 0. 05. The profit margin, return on assets and return on equity shows improvement if the expansion plan was taken up, assuming interest and depreciation remain constant. The further expansion may be taken up as it will bring improvement to the company’s profitability. Also, debt-equity ratio is still below 1 hence there is room for the expansion to be taken up. Question 5: Depreciation rate| =| Depreciation| | | | | PPE| | | | =| $5,460,000 | | | | | $93,964,000 | | | | =| 5. 81%| | | | | | | | Cost of new line| | 30,000,000| | | New depreciation charged| | 1,743,220. 81| | | | | | | | | | | | | East Coast Yachts| | | Pro forma Income Statement| | | Sales| | 200,772,000| (Assuming growth rate 20%)| Cost of goods sold| | 141,492,000| (Assuming growth rate 20%)| Other expenses| | 23,992,800| (Assuming growth rate 20%)| Depreciation| | 1,743,221| | | Earnings before interest and taxes (EBIT)| | 33,543,979| | | Interest| | 3,009,000| (Assuming constant)| Taxable income| | 30,534,979| | | Taxes (40%)| | 12,213,992| | | Net Income| | 18,320,988| | | Dividends| | 9,044,784| | | Addition to RE| | 6,029,856| | | | | | | East Coast Yachts| | | Pro forma Balance Sheet| | | Assets| | | | | Current assets| | | | | Cash| | 3,650,400| | | Accounts receivable| | 6,567,600| | | Inventory| | 7,363,200| | | Total| | 17,581,200| | | Fixed assets| | | | | Net plant and equipment| | 141,013,579| | | | | | | | Total assets| | 158,594,779| | | | | | | | Liabilities| | | | | Current liabilities| | | | | Accounts payable| | 7,753,200| | | Notes payable| | 15,693,600| | | Total| | 23,446,800| | | | | | | | Long term debt| | 33,735,000| | | | | | | | Shareholders’ equity| | | | | Common stock| | 5,200,000| | | Retained earnings| | 60,169,200| | | Total equity| | 65,369,200| | | | | | | | Total liabilities and equity| | 122,551,000| | | | | | | | New EFN| | 36,043,779| | | Existing EFN| | 7,787,000| | | Additional EFN| | 28,256,779| | | Depreciation charged from increase in fixed assets at SGR of 20% was $1,743,220. 81. The new plant would cost $30,000,000. The additional EFN would be $28,256,779. The total EFN would become $36,043,779. This would imply that the capacity utilization would be lower next year, since the new plant would expand capacity much more than the required under SGR. How to cite Financial Ratios for East Coast Yachts, Essay examples

Atlanta Home free essay sample

Atlanta Home Loan Case 1. )Types of controls Al Fiorni used: Action Controls: -By not letting Wilbur sign the checks he administered an administrative constraint on him. This allowed for Al to approve the outflow of cash from his company. -Al was smart to forward the corporate mail to California because it allowed him to have an idea of the overhead expenses the company was incurring. -Although Al was not monitoring the day to day operations of the company he monitored tracked the employee head count, number of leads, credit inquiries, loan applications funded expenses and bank activity. By monitoring these actions Al can hold employees accountable for desired actions or undesired actions. 2) What went wrong? A lot went wrong. Even the controls that Al implemented above he left loopholes which weakened them significantly. Even though he would not let Wilbur sign the checks he left four unsigned checks with Letitia which in turn defeated the purpose of him not allowing Wilbur to sign the checks. We will write a custom essay sample on Atlanta Home or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In this case, he did use the right action control but he failed to implement it properly. When Al monitored the day to day operations of the company from afar he was doing the right thing but he also did not implement it efficiently. Al should have communicated to all the employees how he was monitoring their actions. Not only to catch wrongdoings but also to reward the employees for exceptional work. This would have prevented undesirable actions if employees would know that they would be held accountable for their actions. This would have also spurred good behavior if they knew there was a reward for such behavior. Al Fiorni did not properly set up personal and cultural controls. I believe his biggest mistake was not preparing his company for his departure in a timely manner. Because he was in such a rush to get to California he was not able to ensure the personal control of employee selection and placement. Al should have devoted a considerable amount of time to finding the right person to do the job and give them the necessary resources and training to be successful.