EXPERIENCING MIS >CUSTOM<
EXPERIENCING MIS >CUSTOM<
7th Edition
ISBN: 9781323518731
Author: KROENKE
Publisher: PEARSON C
Question
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Chapter 3, Problem 1EGDQ
Program Plan Intro

About Yikes! Bikes:

  • Yikes! Bikes”, is a high-end mountain bicycles manufacturing company contains more than 25 years of experience in this field with an annual revenue of $35 Million.
  • Recently, the owner of Yikes had sold his company to “Major Capital”.
    • Funds invested in a business or an enterprise for the resolution of expanding its business goals is referred as Capital investment.

Expert Solution & Answer
Check Mark

Explanation of Solution

Illegal action:

“No”, the new owners do not take any illegal actions in “Yikes! Bikes” company.

Reason:

  • The new owners had purchased this company legally. It is their decision to do what they like with the firm after purchase.
  • Actually the new owners never made any agreement over their future plans for the company.
  • Hence, there was no crime had done to broke the agreement.

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