A Conflict of Interest Can Be Said to Arise

question 58

Multiple Choice

A conflict of interest can be said to arise

• A)where a professional represents two or more parties,each of whom has an opposing interest.
• B)when a client's interest conflicts with the interest of another person represented by the same professional.
• C)where a client's interest conflicts with the interest of the professional representing the client.
• D)where a professional represents two parties,each of whom has a competing interest.
• E)all of the above

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Definitions:

Federal Expenditures

Refers to the spending by the federal government, including spending on national defense, social security, and other public services.

National Debt

The total outstanding borrowing of a government, consisting of internal and external loans, accumulated over years of budget deficits.

Excise Taxes

Taxes imposed on specific goods or services, such as tobacco, alcohol, and gasoline, usually intended to discourage their use or generate revenue.

Federal Tax Revenue

The income collected by the federal government from taxes, including income taxes, payroll taxes, and corporate taxes, used to fund public services and obligations.