A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:

Question

Quizplus · Accepted Answer

This is known as a turnaround sale or flip, where employees take advantage of inside knowledge about their employer's intention to purchase an asset and purchase the asset themselves before the employer can. This can be considered unethical and a breach of fiduciary duty. The other answer choices do not accurately describe this situation.

A Special Scheme in Which Employees Know Their Employer Is