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marysya [2.9K]
3 years ago
6

Jack Barnes is the CEO of Graphics Prints and Art, Inc. Jack was scheduled to take an important customer on a hunting trip for t

he weekend, and the company made and prepaid for the arrangements at an exclusive hunting lodge. At the last minute, the client canceled the weekend. Jack took his wife and went anyway, at company expense. Jack's administrative assistant is concerned about the trip and the cost to the company. When she raises the issue with Jack, he responds, "There is nothing wrong with what I did. For all I do for this company, all the time I spend away from my family, don't you think I deserved that weekend?" Which of the following applies to this situation?
a. Jack is correct. There is nothing wrong with what he did. There is no ethical issue here.
b. Jack is correct because as CEO he is able to make final decisions in situations such as this client cancellation.
c. Jack has slipped into the leadership syndrome of having great discretion and few checks and balances on his activities.
d. All of these are correct.
Business
1 answer:
Norma-Jean [14]3 years ago
8 0

Answer:

The answer is: DEPENDS, more information is needed

Explanation:

More information is needed about the refunding or rescheduling policies of the company that rented the hunting lodge in order to make a decision on this case.

If  there was no possibility of refunding of rescheduling, then Jack probably made the right decision. The company had already paid for the trip and the client cancelled the trip, not Jack. Jack probably needs to inform the board about his actions, but I find them not only correct but also logical.

But if the company could have rescheduled the trip or get their money back, then Jack acted improperly. He is not the company, not even Steve Jobs could decide freely over Apple. What he did was wrong and his power to make decisions should be revised and control systems should be established.

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Answer:

A)

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amount of note: $200000, annual principal payments to be made each year at December 31st = $40000, interest amount to be charged = 6 percent, duration of note = 5 years

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Answer:

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