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Kim was in the financial bind. Just last year, she had bought a personal plane and the exclusive home that housed the plane in its garage. The total costs were $1 million and Kim’s monthly debt on both was over $10,000. Kim had no manner to meet this month’s loan payment. She served on board of a well-known international paper company, and she had the power to prepare checks for this company. Kim decided that she could just clandestinely borrow the money and put it back before anyone could notice at the next board meeting. What would be the probable ramifications? Would this be legal? Discuss why or why not. (Be sure to rely on law and good business practices and ethics.)

Operation Management, Management Studies

  • Category:- Operation Management
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