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An Employee in Charge of Collecting Tickets at the Entrance

question 10

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An employee in charge of collecting tickets at the entrance of a movie theatre lets her friends enter the theatre without paying for tickets.She thinks it is fine to do so because the employees at the popcorn bar give free popcorn to their friends.This type of rationalization is because:


Definitions:

Debentures

A type of long-term security issued by a company, backed only by the general creditworthiness and reputation of the issuer.

Mortgage Bonds

Debt securities secured by a mortgage or collection of mortgages, giving holders a claim on the underlying property.

Directors' Meeting

A formal gathering of the board of directors of an organization to discuss and make decisions on company policy and management issues.

Preferred Shares

A type of stock that provides dividends and certain privileges in the event of liquidation before common stockholders.

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