Apple's CEO was reimbursed $1.2 million for costs he incurred while using his personal jet for company business. This is an example of

Question

Quizplus · Accepted Answer

The reimbursement of the CEO for using his personal jet for company business is an example of a related party transaction. This is because the CEO is a related party to the company, and this transaction involves the transfer of funds between them. It is not necessarily unethical or fraudulent, as long as it is properly disclosed and handled according to accounting standards. However, it could be seen as an example of managerial opportunism if the CEO is using the company's resources for personal gain.

Apple's CEO Was Reimbursed $1