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:

Employee Capital

The value that employees bring to an organization through their skills, knowledge, and abilities, contributing to its competitive advantage and success.

Intellectual Capital

The collective knowledge, skills, and abilities of an organization's workforce, including innovations, processes, and relationships, which can contribute to competitive advantage.

Structural Capital

The knowledge, processes, patents, or systems that an organization possesses, contributing to its competitive advantage.

Employee Capital

The value employees bring to a company in terms of their skills, knowledge, and experience.