A Local City Councillor Is Under Fire for Utilizing an Out-Of-Town

question 48

Multiple Choice

A local city councillor is under fire for utilizing an out-of-town florist owned by her daughter to purchase flower arrangements for the city. This was likely seen as which of the following?

• A) a conflict of interest
• B) not competing fairly and honestly
• C) lack of transparency
• D) not being socially responsible

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Definitions:

Tangible Assets

Physical and material assets such as machinery, buildings, and inventory, which have a value and exist physically.

Profitability

The ability of a business to earn a profit, or the degree to which its revenues exceed its expenses.

HRM Activities

Tasks and functions associated with Human Resource Management, focusing on managing people within organizations in areas such as recruitment, training, and compliance with labor laws.

Market Value

The estimated worth of a product, service, or company within the marketplace, determined by factors like supply, demand, and competition.