5. CASE STUDY: Mr. James Bond is the owner of a grocery store. He uses some of the business merchandise inventory for personal use. He sometimes gets some money of the business to buy his personal needs without any record. He mixes his personal expenses with the business expenses. An accountant called his attention and told him that what he is doing is tantamount to stealing from the business. Mr. James Bond responded that since he is the owner of the business what he is doing is just part of his privilege, and so he is not really stealing from his business. Who is correct? Why?

Question

02-09-2022
Economics

Answered

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5. CASE STUDY: Mr. James Bond is the owner of a grocery store. He uses some of the business merchandise inventory for personal use. He sometimes gets some money of the business to buy his personal needs without any record. He mixes his personal expenses with the business expenses. An accountant called his attention and told him that what he is doing is tantamount to stealing from the business. Mr. James Bond responded that since he is the owner of the business what he is doing is just part of his privilege, and so he is not really stealing from his business. Who is correct? Why?

Sagot :

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