Travis,the CEO of Riplon Corp.,used company funds to buy a car worth $1 million and a house for $6 million in Santa Fe.This is an example of

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This is an example of on-the-job consumption. Information asymmetry can breed on-the-job consumption, perquisites, and excessive compensation. Although use of company funds for golf outings, resort retreats, attending professional sporting events, or having elegant dinners and other entertainment is an everyday manifestation of on-the-job consumption, other forms are more extreme.