Conflicts of Interest

question 32

Multiple Choice

Conflicts of interest

• A)have become less frequent today.
• B)always involve personal financial gain.
• C)are morally worrisome only when the employee acts to the detriment of the company.
• D)occur when employees' private interests are substantial enough to potentially interfere with their job duties.

---

Definitions:

Combinations of Capital

Various ways in which a firm can organize its financial resources and assets to support its production process and operations.

Total Cost

The sum of fixed and variable costs incurred in the production of goods or services.

Isocost Line

A graphical representation in economics that shows all possible combinations of inputs that cost the same total amount.

Slope

A measure of the steepness or incline of a line, calculated as the ratio of the vertical change to the horizontal change between two points on the line.