A Purchasing Agent Who Is an Owner of 25% of the Shares

question 30

True/False

A purchasing agent who is an owner of 25% of the shares in a supplier does not have a conflict of interest.

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Definitions:

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Invest

The process of distributing funds with the aim of earning revenue or gains.

Lump Sum

A single complete payment made at one time, as opposed to a series of payments made over time.

Interest

The cost of borrowing money or the return on investment, calculated as a percentage of the principal amount.