Business world is not entirely fair. Not surprising, isn't
it? But in what all ways corporate can twist the information in their favor
and commit frauds?
Auditors job is to assure that the financial statements they
audit are true and there are no accounting frauds. But they are paid by the
corporate who are supposed to be investigated. You know the outcome. Remember
Satyam’s case?
Hospitals depending on their scale (50, 100 beds or so)
along with the facilities they offer have to earn their depreciation. They need
minimum of number of patients to keep their business going. If there are not
enough new patients coming in, existing patients will have to extend their stay
or have to go through series of tests, check-ups one more time. In maternity
hospitals, deliveries which are supposed to be normal can turn into cesarean
section deliveries depending on the utilization % of the hospital at that time or
return on investment promoter is expecting. Death of humanism? Yes, it is a
chapter’s name in this book ‘Bullshit Quotient’ by Ranjeev
Dubey.
In Casino, house always wins (almost). How else they can operate if there are
equal of chances of winning for both the participant and the house? Stock
market is also run by market makers who set the odds and lets you play. If you
are lucky to pick the same side of operators, you will make money but not for long
as the game changes. How many small traders find success in the market? What does
it reveal?
Pick the book to clear out some of the myths which
corporate world wants us to believe.
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