The following needs to be done to prevent hackers from breaking in:
1. Strong antivirus software needs to be installed on all machines that employees access to do their day-to day activities.
2. A firewall that detects and prevents any unauthorized access to sensitive client information.
3. A Virtual private network (VPN) tunnel that will only allow authorized people access to sensitive data. Employees would be given a VPN access separately to make sure that information privacy is protected at all times.
4. With regard to physical security, the business should have a 24/7 security guards to make sure that the facility is secure round the clock.
5. Employees should be given training on basic security measures that are installed so that they adhere to these norms.
Answer:
$6,000
Explanation:
Since this sale and the exercise of the options didn't occur in the same year, we must make an adjustment for AMT.
In calculating alternative minimum taxable income (AMT), a taxpayer must add or subtract amounts from regular taxable income due to the different treatment of certain tax items for AMT.
In the year 2019:
market price of the stock = $250
Liza acquired it at = $190,
Therefore,
Gain = (Acquired price - market price of the stock) × no. of shares
= ($250 - $190) × 100
= $60 × 100 shares
= $6,000
Liza needs to report this as income under AMT adjustments in 2019. This will be reported in for 6,251.
B) Unlawful Bribery
Bribe means to give money for illegal work and unlawful means against the law.
Answer: True
Explanation:
There exists a problem known as the Agency Problem between managers and the shareholders of a company. The manager is the agent and the shareholders are the owners. Sometimes, it has been shown that the agent might act in their best interests as opposed to be best interests of the owners of the business.
To solve this, the manager should be made an owner as well and one way to do so is to give them stock options. This way, they will be motivated to work hard for the owners because they will benefit as well.