George Shifty Is Not a Very Nice Guy

question 42

Multiple Choice

George Shifty is not a very nice guy.In fact,George has just incorporated a telemarketing company solely to make money off of the unsuspecting people his company contacts.For the next six months,the company's telemarketers will be selling funeral caskets and marketing to people over the age of 70.Once a person is contacted,the telemarketer tells him or her that before a casket can be sold,the person must send in an administrative deposit equal to one-fifth of the value of a casket.If they do this,they will receive a casket within eight months.At the end of six months of telemarketing the caskets,the company has received $1 500 000.00 in administrative charges,which George immediately pockets,leaving the company insolvent.Then George gets on a plane for an extended vacation in a South American country that has no extradition treaty with Canada and loses himself in that country.In this case

• A)the company has committed the offence of deceptive telemarketing.
• B)since the company is insolvent and George cannot be found,there is no practical recourse.
• C)had George stayed in Canada,he could have been convicted as a director of the company.
• D)the company can be fined in the millions of dollars.
• E)all of the above

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Definitions:

Stock Price

The cost of purchasing a share of a specific company, which can fluctuate based on market conditions and the company's performance.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Performance Measures

Quantitative indicators used to assess how well an individual, organization, or process is achieving its objectives or goals.

Standard Hour Plans

Compensation systems where employees are paid a set rate for each hour worked, often with different rates for overtime hours.