Indicate Which of the Following Appears to Represent a True

question 4

Multiple Choice

Indicate which of the following appears to represent a true conflict of interest:

• A) You recommend your cousin for a job opening in another department.
• B) Your brother-in-law would like to do business with your employer, so you tell him who he should contact.
• C) You place an order for supplies with a company of which your spouse is part owner.
• D) None of the above.

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Definitions:

Conditional Contribution

A donation made with specified terms that must be met for the contribution to be retained by the recipient.

FASB

The Financial Accounting Standards Board (FASB) is an independent organization responsible for establishing accounting and financial reporting standards for companies and non-profit organizations in the United States.

Journal Entries

Records of financial transactions in accounting, marking debits and credits to accounts.

Medical Supplies

Items used in health care services, including consumables and durable medical equipment.