What was the 88888 Account, and how did Leeson use it to deceive senior management at Barings?
What will be an ideal response?
The 88888 Account was an errors account that Leeson set up near the beginning of his employment at BFS. He used the account to make unauthorized trades in futures and options, falsify reports to headquarters, misstate BFS' profits, record invented trades, and create fictitious accounting entries.
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When costs of doing research outweigh the value of the information generated by the research, research should not be performed
Indicate whether the statement is true or false
Barnes and Noble lost its market share in book retailing to Amazon. It tried to regain market share by offering a similar electronic reader, the Nook, to the Amazon Kindle series. This demonstrates that Barnes and Noble lacked
A. a company-wide strategy. B. a sustainable competitive advantage. C. good suppliers. D. a short-term strategy.
Under the theory of ethical relativism, fairness is considered the essence of justice
Indicate whether the statement is true or false
Which of the following is not a career stage discussed in the text?
A. decline B. acceptance C. establishment D. exploration