Demand, supply, market equilibrium & Market failures, Public Goods, and Externalities

One discussion question has required for this session. Consult the first-class handout, The APA/MLA Formatting and Style Guides, and the Written Presentation Grading Rubric, which is posted in the Module Timeline for a definition of what constitutes substantive writing and preparing your responses. Do not use texting abbreviations, acronyms, grammar, or spelling in preparing and posting your responses and comments. Provide in-text citations and reference/works-cited lists, as appropriate.

DQ #1:

Recently, Jamie Dimon, Chairman of JPMorgan Chase, announced that “…traders in its Chief Investment Office in London may have tried to hide $5.8-billion in money-losing positions resulting from the values the traders had assigned to assets linked to the complex trading positions (DeCambre, 2012, p. 23). The amount was nearly triple the amount of the loss JPMorgan Chase had estimated back in May of 2012. How might broader enforcement of the Sarbanes-Oxley Act of 2002 serve to mitigate the damage to JPMorgan Chase’s reputation? Use appropriate references and citations drawn from the Kulzick (2004) article to support your position(s).


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