ABC Company filed a bankruptcy this month because of the impact of fraudulent act committed by its financial officer. The financial officer transfers the companies fund to his personal account. Which statement is related in this scenario? O a. Employee safety issues O b. Use of Corporate resources O c. Personal issues d. Conflicts of interest

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 12DQ
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Question
ABC Company filed a
bankruptcy this month
because of the impact of
fraudulent act committed by
its financial officer. The
financial officer transfers the
companies fund to his
personal account. Which
statement is related in this
scenario?
O a. Employee safety
issues
O b. Use of Corporate
resources
O c. Personal issues
d. Conflicts of interest
Transcribed Image Text:ABC Company filed a bankruptcy this month because of the impact of fraudulent act committed by its financial officer. The financial officer transfers the companies fund to his personal account. Which statement is related in this scenario? O a. Employee safety issues O b. Use of Corporate resources O c. Personal issues d. Conflicts of interest
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