Couple Withdrawals Money, Flees After Bank Error
New Zealand institution mistakenly deposited $6.1 million into account. Read more about the repercussions of this bank error.
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Clerical Error May Be Behind Dizzying Drop in Penn Traffic Stock
Investigators are researching why the stock of the parent company of P&C Foods went almost to zero. According to a source in the article, the drop could be “a trade report error, which is a fairly common error.” Read more about the issues that developed following this suspected clerical error.
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Ripple Effect of Property Tax Error
Error on tax bill causes approximately 70,000 property owners to be overcharged. This error involved three different departments and will require numerous pieces of communication with taxpayers to correct the fallout from this error ripple effect according to The San Diego Union-Tribune.
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Dennis Quaid’s Twins Among Three Newborns Given Drug Overdose
Twins given 1,000 times the dosage of blood thinner. Instead of receiving 10 units per milliliter, the victims were given 10,000 units per milliliter. Additional drugs were administered to counteract the overdose of blood thinner. Want to learn more?
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Sixteen Personality-Factor Questionnaire (16 P-F)
The 16 P-F is an objective personality test developed by Dr. Raymond Cattell. Using factor analysis, Cattell categorized 170 adjectives that described human behavior into sixteen dimensions or factors. These 16 source traits were then used to form his personality questionnaire. Factor Analysis – Cattell divided his data up into three categories for the factor…
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NEO4 or NEO PR-I
The NEO inventories were developed by Dr. Paul Costa, Jr., and Dr. Robert McCrae to measure five broad dimensions of personality. Neuroticism (N) Extraversion (E) Openness (O) Agreeableness (A) Conscientiousness (C) Note: These broad categories were based on analysis of trait adjectives collected over the years and included in research by theorists such as Cattell and…
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Personal Profile System (DiSC)
The Personal Profile System® was first developed in 1972 based on William Moulton Marston’s two-axis, four-dimensional model that divides behavior into four distinct dimensions (abbreviated DiSC). Dominance Influence Steadiness Conscientiousness Note: Marston first published his book, Emotions of Normal People in the 1920s. Unlike his contemporaries, Marston focused on how normal people interacted in the world…
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Myers-Briggs Type Indicator (MBTI)
Isabel Myers and her daughter took Jung’s theories about perception and judgment and applied them to individual behavioral patterns, creating the Myers-Briggs Type Indicator. Since everyone perceives things differently, it is reasonable to assume that each person will react differently to different interests, values, motivations, and skills. Definitions Perception involves how individuals become aware of…
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Botched Stock Trade Cost Japan Firm $225M: Government Watchdog Rebukes Stock Exchange, Broker
A Japanese securities firm employee made an error when placing a sell order. Instead of selling 1 share at 610,000 yen, the numbers were reversed and 610,000 shares were sold for 1 yen causing mayhem in the Japanese market. Want to read more about the cost of this error?
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Mail Order Price-Listing Typo Cost Company Over $2 Million
The omission of a digit on a mail order site causes company to lose over $2 million in revenue. Fifteen hundred units had already been sold at the drastically reduced price (19,800 yen instead of 198,000) before the error was caught. Want to read more about the cost of this typo?
