Question

A circumstance in which a manager is using company funds for his or her own personal consumption is called _____. a. information manipulation b. greenmail c. self-dealing d. takeover constraint 7

Answer 1

Answer: (C)Self-dealing

Explanation: Self -dealing is the illegal act in the corporate sector in which the manager takes the advantage of the position and try to own the funds and money as his own possession rather than giving it to the shareholders and clients. This act causes severe circumstances for the manager such as penalties,termination etc.

Thus, the correct option is option(c).