Discuss the details of the Luckin scandal.
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Discuss the details of the Luckin scandal.
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- The insured is covered under O.A.P. 1 Owner’s Policy including Direct Compensation-Property Damage and is involved in an accident in Ontario with an automobile, for which he/she is not at fault. His/her car is severely damaged and personal belongings in the car are destroyed. Which one (1) of the following statements is correct? O A) Damage to the insured's car and reimbursement for a rental vehicle are covered by the third party’s policy. O B) Damage to the insured’s car, replacement of destroyed personal belongings and reimbursement for a rental vehicle are covered by the insured’s policy, less the policy deductible. O C) Damage to the insured’s car, replacement of destroyed personal belongings and reimbursement for a rental vehicle are covered by the third party's policy. O D) Only damage to the insured’s car and reimbursement for a rental vehicle are covered by the insured's policy.Explain briefly the role(s) of a Fire Risk Management committee.Nicknamed “Operation Varsity Blues,” by the U.S. federal government, the 2019 college admissions bribery scandal arose over a criminal conspiracy to influence undergraduate admissions decisions at several top American universities. Hollywood celebrities, like Felicity Huffman and Lori Loughlin, and prominent business leaders, like William E. McGlashan Jr., a partner at the private equity firm TPG, were among the parents charged. Also implicated were top college athletic coaches, who were accused of accepting millions of dollars to help admit undeserving students to a wide variety of colleges by suggesting they were top athletes. What is the key ethical dilemma in this case?
- Purell Magazine Construction Fraud The Purell Magazine Construction Fraud case involves James Small, a facilities supervisor at Purell Magazine and Publishing House, who engaged in a sophisticated scheme of occupational fraud. Small was responsible for overseeing the painting operations as part of the company's conversion of its plant in Oakville, Ontario, into an office complex. This massive renovation project involved constructing an auditorium identical to one in the company's European offices. Small's fraudulent activities came to light when the vice president of administrative services, Richard Green, noticed forgeries in a stack of invoices related to the auditorium construction project. An initial investigation revealed that all the forgeries were in the painting division, with a budget of approximately $800,000 a year. Small, who earned about $30,000 a year, had been the only person overseeing the painting operations. Small's fraud scheme involved creating false invoices for…What did Pavlo do that he thought would prevent MCI ( his employer) from coming after him if he got caught? What did Pavlo do that he thought would prevent MCI ( his employer) from coming after him if he got caught? Made secret recordings. Made copies of the general ledger. Gathered information about what his employer was telling him to do so that he had leverage against his employer. Asked his employees to lie for him.In 1999, GASB Statement No. 34 introduced a new reporting model for state and local governments. The model was designed to improve an organization’s ability to measure financial performance and facilitate accountability for public resources. How does the hierarchy of authority for for-profit organizations compare with that for NPOs? What are some of the significant similarities? What are some of the significant differences? Do you think one source is more credible than another? Why or why not?
- Martina and Andrew are friends. They both have a keen interest in technology. They decide to form a business to pursue various technology projects, and decide that a company will be the best business structure to adopt. They establish Apricot Pty Ltd. Martina and Andrew are its only shareholders, and they are also its only directors. Martina takes a much more active role in managing the company than Andrew. Andrew relies heavily upon Martine to provide him with information about the company, particularly in relation to its finances, and its dealings with other companies. Andrew does not himself investigate the finances or transactions of Apricot Pty Ltd, other than by relying on Martina to provide him with this information. In June 2017, Martina arranges for Apricot Pty Ltd to purchase a very large quantity of electronics components. The components are acquired from ErinElectronics Pty Ltd, a company that Martina has a significant shareholding in. The transaction generates significant…Nicknamed “Operation Varsity Blues,” by the U.S. federal government, the 2019 college admissions bribery scandal arose over a criminal conspiracy to influence undergraduate admissions decisions at several top American universities. Hollywood celebrities, like Felicity Huffman and Lori Loughlin, and prominent business leaders, like William E. McGlashan Jr., a partner at the private equity firm TPG, were among the parents charged. Also implicated were top college athletic coaches, who were accused of accepting millions of dollars to help admit undeserving students to a wide variety of colleges by suggesting they were top athletes. What are the legal issues in the case, lists specific laws or rules that were violated or that might be involved and explains how those laws apply to the case?Chad Boudreaux is a 58-year riverboat captain. He grew up in New Orleans and has worked on the Mississippi River his entire life. He works for a private company in New Orleans called Crescent River Pilots Inc. (CRP) and is married to Patricia, who is 35 years old. They have a seven-year-old son, named River. CRP sponsors a 401(k) plan that offers a Roth account and a separate ESOP. Chad has the following retirement plan accounts: Account Description Current FMV Beneficiary ESOP account from CRP – consists of CRP shares. The cost basis for the shares is $75,000. $400,000 Patricia 401 (k) Plan From CRP Inc. $800,000 Patricia 401 (k) Plan from Schlumberger, where he worked in his thirties $90,000 Patricia Roth IRA (established in 2000 with a $2000 initial contribution; three years ago he rolled over a traditional IRA with a balance of $10,000 $45,000 Patricia Traditional IRA (established twenty years ago with $15,000 of after-tax contributions)…
- We know that Tommy has asked Barbie to represent him in a business dealing. We do not know the nature of the business dealing. And we do not know if Barbie is required to put Tommy's interests ahead of her own. Analyzing what you DO know about the situation, what is the most accurate term for the role Barbie is playing with respect to Tommy? fiduciary principal agent clientUrban LLC sponsors a profit-sharing plan that requires employees to complete one year of service and be 21 years old before entering the plan. The plan also excludes all commissioned sales people and all other allowable exclusions allowed under the IRC. Which of the following employees could be excluded? 1. Jax, age 20, who works in administration and has been with the company for 32 months. 2. Gemma, a commissioned sales person working in the Houston office. She is 37 years old and has been with the company for 3 years. 3. Clay works as the lead foreman in the company factory. He is 39 and has been with the company for 11 months and is covered under a collective bargaining agreement. A. 1 and 2. B. 1, 2, and 3. C. 3 only. D. 1 only.Nicknamed “Operation Varsity Blues,” by the U.S. federal government, the 2019 college admissions bribery scandal arose over a criminal conspiracy to influence undergraduate admissions decisions at several top American universities. Hollywood celebrities, like Felicity Huffman and Lori Loughlin, and prominent business leaders, like William E. McGlashan Jr., a partner at the private equity firm TPG, were among the parents charged. Also implicated were top college athletic coaches, who were accused of accepting millions of dollars to help admit undeserving students to a wide variety of colleges by suggesting they were top athletes. What professional codes or standards (e.g., ACM, AHIMA, IEEE, NSPE, etc.) and/or industry/corporate codes that apply to the case; cites specific procedures or concepts that apply and that clarify what is acceptable and unacceptable conduct for stakeholders in the case?
