correct the agency conflict:

A firm's vice president uses the company's private jet to take unauthorized personal trips on the weekends.

Expenditure category:

$4$

$1$

$3$

$2$

Most appropriate form of control device:

Purchase an insurance policy that protects against unauthorized use of the company's assets.

Conduct internal audits of the aircraft log books to determine who is using the plane, when, and for what purpose.

Identify a competitor to take over the company.