Which Director Had a Conflict of Interest in His Acceptance

question 272

Multiple Choice

Which director had a conflict of interest in his acceptance of a broker's fee for a Tyco acquisition?

• A) Mark Swartz
• B) Patricia Prue
• C) Frank E. Walsh
• D) Mark Belnick

---

Definitions:

Operating Activities

Activities that are directly related to the day-to-day operations of a business, such as sales, purchase of inventory, and payment of expenses.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue; often referred to as the bottom line.

Transactions

Business activities or exchanges that affect the financial position of a company, involving the transfer of goods, services, money, or titles.

Investing Activities

Financial actions involving the purchase and sale of long-term assets and investments, part of a company's cash flow statement.