Answer:
on-the-job consumption
Step-by-step explanation:
On-the-job consumption is when senior management staff uses company funds to purchase items that enhances his status.
This is a way to promote the image of the company. When senior management of the company projects an impression of doing well it will attract more customers.
In this case used company funds to buy a car worth $1 million and a house for $6 million in Santa Fe.
Driving the expensive car and living in Santa Fe will grant the CEO access to wealthy people who will be beneficial to Riplon Corp.