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Liula [17]
3 years ago
11

Jameson works for Fishy-Mart Corporation, a chain of superstores that sell large quantities of seafood. His job is to locate fut

ure sites for Fishy-Mart stores. Jameson finds a piece of land near a coastline that would make a great site for a Fishy-Mart store. Jameson makes his friend purchase the property from its current owner. After that, they sell the property to Fishy-Mart and share the profits. Jameson does not disclose his interest in the property while recommending the site to Fishy-Mart. Which of the following duties of loyalty has Jameson breached in this scenario?
a. usurping a corporate opportunity.
b. self-dealing.
c. proxy.
d. competing with the corporation.
Business
1 answer:
gulaghasi [49]3 years ago
7 0

Answer:

<em>b. self-dealing. </em>

Explanation:

Self-dealing is the behavior of a trustee, solicitor, administrative employee,  

or other trustee who comprises of taking advantage of their position in a contract and  behaving in their own interests rather than in the interests of trust beneficiaries,  corporate investors, or their customers.

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An increase in government spending raises income (B) in the short run, but leaves it unchanged in the long run, while lowering investment.

<h3>What is government spending?</h3>
  • All government purchases, investments, and transfer payments are included in what is known as government spending or expenditure.
  • Government final consumption spending is defined in national income accounting as the purchase by governments of goods and services for immediate consumption, to primarily meet the individual or collective needs of the community.
  • Government investment is defined as the purchase of goods and services by the government with the intention of generating future benefits, such as infrastructure investment or research spending (government gross capital formation).
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Therefore, an increase in government spending raises income (B) in the short run, but leaves it unchanged in the long run, while lowering investment.

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4 0
2 years ago
For each of the procedures described in the table below, identify the audit procedure per­ formed and classification of the audi
katen-ka-za [31]

Answer:

a. Requested responses directly from customers as to amounts due.

Audit Procedure: Confirmation

Classification of Audit Procedure: Substantive procedures

b. Compared total bad debts this year with the totals for the previous two years.

Audit Procedure: Analytical procedure

Classification of Audit Procedure: Substantive procedures

c. Questioned management about likely total uncollectible accounts.

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Classification of Audit Procedure: Test of controls

e. Examined invoice to obtain evidence in support of the ending recorded balance of a customer.

Audit Procedure:  Inspection of records or documents

Classification of Audit Procedure: Substantive procedures

f. Compared a sample of sales invoices to credit files to determine whether the customers were on the approved customer list.

Audit Procedure: Reperformance

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4 0
3 years ago
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Answer:

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5 0
2 years ago
Mr. Morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. He has a mortgage of $910 a month and pay
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Answer:

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Explanation:

5 0
3 years ago
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Describe at least four factors that affect the demand for a particular commodity.
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Answer with Explanation:

There are so many factors affecting the demand for a particular commodity. Four of these are: the price of the complements, the income of buyers, changes in trend and advertisements.

1. The price of the complements - Some commodities are complementary with each other, just like cars and gas. If the <em>price of cars decreases</em>, then many people will purchase their own cars, which also follows that <em>the demand for gas will increase.</em>

2. The income of buyers - If the income of a person increases, then he will most likely purchase a particular commodity because he can afford it and has an extra money to purchase goods.

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4. Advertisements - The more advertisements a company spends on, the more likely buyers will purchase a specific commodity.

5 0
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