Explain illegitimate use of one’s official position for private gain, especially through insider trading or access to proprietary data
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Explain illegitimate use of one’s official position for private gain, especially through insider trading or access to proprietary data
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Solved in 4 steps
- Laws provide security standards, whereas ethics recommend what information should be kept for moral reasons. Privacy What's your take?Why would a company continue to pursue illegal and/or unethical actions even after the deception has been uncovered? What policies, practices, or structures could be incorporated in a code of conduct to ensure that such deception was revealed sooner?If you create an original work of authorship which was commissioned by an investor, what type of intellectual property can cover your rights? Who (you or the investor) owns the rights to this IP?
- Intellectual property (IP) describes intangible personal property created by human intelligence, such as ideas, inventions, slogans, logos, and processes. What are the four most common forms of IP? How does an entrepreneur potentially use these to protect their business?A borrower has committed fraud if they: A) receive gift money from a family member as down payment for a purchase loan. B) intend to occupy a property as their primary residence for a reverse mortgage loan. C) borrow the down payment from the seller through a non-disclosed second mortgage. D) inform the mortgage loan originator that they will be changing jobs before the loan closes.Raised in Ireland, Patrick and John Collison were precocious, inquisitive youngsters who taught themselves computer coding at an early age. By the time they were teenagers, the brothers were developing iPhone apps and eventually became college dropouts after a few semesters at MIT (Patrick) and Harvard (John). During this time they started a company called Auctomatic Inc., which created an online marketplace management system for companies such as eBay, and then sold the company for $5 million in 2008. After selling the business, they continued to work on simplifying the payment process for startup businesses that use the internet to sell goods and services. As the internet entered its second decade and more and more entrepreneurs were using the web to do business, the Collisons recognized that the payment transaction process for online purchases needed an overhaul. In 2011, they opened their new company, Stripe, after testing their service and building relationships with banks,…