If US Senator Jones Is Charged with a Conflict of Interest

question 50

Multiple Choice

If U.S. Senator Jones is charged with a conflict of interest because of his financial interest in a firm he helped to secure a contract, he would most likely be charged with the crime of ________.

• A) bribery
• B) extortion
• C) improper political influence
• D) blackmail

---

Definitions:

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted into cash in the upcoming year.

Borrowing

the act of obtaining funds from another party, often a financial institution, with the promise of repayment plus interest at a future date.

Selling Stocks

The act of disposing of equity shares in a company, typically to realize gains or raise capital.

Comparative Balance Sheets

Financial statements that provide a side-by-side comparison of a company’s balance sheets for two or more periods, allowing for analysis of trends over time.