Examlex

Solved

In One of the Case Studies in the Textbook, Marcus

question 11

Multiple Choice

In one of the case studies in the textbook, Marcus Lane, a geologist for an environmental management and engineering services firm, traveled all over North and South America as part of his job, resulting in numerous expense reimbursements. Unfortunately, Lane went too far and began to double book his air travel using his personal credit card. He booked two separate flights to the same location, but with a huge cost difference. He used the cheaper ticket for the actual flight and returned the more expensive ticket for credit. And, of course, he submitted the more expensive ticket for reimbursement. How was he punished?


Definitions:

Business Incubator

Organizations designed to accelerate the growth and success of startup and early-stage companies by providing them with necessary support and financial services.

New Businesses

Entities that have been recently established to provide goods or services, often characterized by innovative approaches or markets.

Legal and Accounting Guidance

Professional advice and support provided in legal matters and financial accounting, essential for business compliance and management.

Jeffrey Sachs

An American economist known for his work on sustainable development, poverty alleviation, and as an advisor to governments on economic reforms.

Related Questions