Which of the Following Situations Reflects a Possible Conflict of Interest

question 7

Multiple Choice

Which of the following situations reflects a possible conflict of interest?

• A) You offer a company contract to a friend without checking competing bids.
• B) You hire a relative for a company position although another candidate is more qualified.
• C) You buy a piece of realty that would be suitable for a planned company project.
• D) All of the above.

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Definitions:

Inflation

The economic condition characterized by a general increase in prices and fall in the purchasing value of money over time.

Base Year

A specific year against which economic indices are measured or compared, allowing for the assessment of economic performance or inflation.

CPI

The Consumer Price Index tracks the average variation in prices that urban buyers pay for a selection of consumer products and services over time.

Bureau Of Labor Statistics

A U.S. government agency responsible for collecting and reporting labor market activity, working conditions, and price changes in the economy.