An Officer of a Company That Is a Majority Owner

question 32

Multiple Choice

An officer of a company that is a majority owner in a competing company will probably be subject to:

• A) a tax audit.
• B) a conflict of interest with his shareholders.
• C) arbitrage profit returns to ASIC.
• D) a police investigation.

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Definitions:

Fine Print

Small, difficult to read text in contracts or advertisements that often contains important information about limitations, exclusions, or conditions.

Legislative Rules

Regulations and guidelines established by legislatures that govern the process and conduct of legislative bodies.

Public Policy

Principles and standards deemed by the judiciary to be of fundamental concern to the state and the whole of society.

Illegality

A condition or status of an action that is forbidden by law.