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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The listing agent provides the seller with a copy of the natural hazards disclosure statement. The seller and the listing agent fill out the natural hazards disclosure statement and deliver it to the buyer. What disclosure responsibilities does this relieve the agent and the seller of?
A. The duty to disclose latent defects in the property B. The duty to disclose risks from disasters such as earthquakes and floods, although these must still be disclosed on the transfer disclosure statement C. The duty to disclose special assessment liens D. The duty to disclose the agency relationship
Because advertising is often designed to add ________ value to a product or brand, it plays a more important communications role in marketing consumer products than it does for marketing industrial products
A) social B) monetary C) cultural D) psychological E) emotional