In One of the Case Studies in the Textbook, Cy

question 20

Multiple Choice

In one of the case studies in the textbook, Cy Chesterly was the vice president in charge of sales for one of the largest machine parts manufacturers in the Midwest. He was an excellent salesman and helped build the company into one of the most successful in the industry. While Chesterly was known to go overboard on the entertainment expenses, he really went wild when it came to buying personal items-vacations, furniture, and jewelry to name a few. How was he caught?

• A) He purchased one too many high-ticket items for his son and this was brought to the attention of the CEO.
• B) A new president was hired and he found Chesterly out while reviewing the accounting records.
• C) Chesterly became ill and the receipts for personal items were found while he was out sick.
• D) The internal auditors found Chesterly out during an audit of his cost center's expenses.

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Definitions:

Nonunion Workers

Employees who are not members of a labor union and, as such, typically do not enjoy the collective bargaining rights and benefits that union members do.

Unionization Rate

The percentage of employees in a workforce who belong to a labor union.

Protective Services

Services provided by public or private agencies designed to safeguard individuals and property from harm, including police, firefighting, and security services.

Managers

Individuals responsible for planning, organizing, leading, and controlling resources to achieve organizational goals.