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Jacob worked for Betina in the event planning department. They agreed to a monthly expense budget of $15,000. At the end of the month, Jacob

Jacob worked for Betina in the event planning department. They agreed to a monthly expense budget of $15,000. At the end of the month, Jacob submitted an expense report that included expenses related to flowers, catering, and chair rentals. The statement also included a $25,000 charge for five bottles of top-quality champagne, which Jacob insisted was necessary for one of the events. Which of the following statements is true?

a.

Betina must pay for all of the expenses on Jacob s expense report. Jacob was acting in the best interests of the company.

b.
c.
d.

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