Which of the Following Would Be an Example of a Conflict

question 3

Multiple Choice

Which of the following would be an example of a conflict of interest in a business context?

• A)The director of a company votes in favour of a contract for services to be provided by his family company.
• B)A real estate agent regularly refers clients to a firm of solicitors of which his wife is the principal solicitor.
• C)The purchasing officer for a business accepts a commission to place orders exclusively with a particular company.
• D)All of the above.

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Definitions:

Affordable Health Care Act

A U.S. federal statute enacted in 2010 aimed at expanding access to health insurance, reducing health care costs, and improving health care quality.

Subsidized Coverage

Financial assistance provided by government or organizations to help individuals afford health insurance or other forms of necessary insurance.

Penalized

Subjected to a penalty or punishment for an offense or infringement of rules.

Market-based Transactions

Economic activities that occur in a free market, where goods or services are exchanged between buyers and sellers based on demand and supply.