Conflicts of Interest Exist When Employees Must Choose Whether to

question 30

Multiple Choice

Conflicts of interest exist when employees must choose whether to

• A)advance their own personal interests, those of the organization, or those of some other group.
• B)advance the interests of the organization or those of society.
• C)communicate in ways that decieve, manipulate, or conceal facts in order to harm others.
• D)carry out an assignment they perceive to be unethical.
• E)report an unethical coworker to outside authorities.

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Definitions:

Forward Rate

The agreed-upon exchange rate for a currency transaction that will occur at a future date.

Forward Contract

A financial agreement to buy or sell an asset at a future date at a price established at the outset, used to hedge against price fluctuations.

Spot Rate

The current market price at which a currency can be bought or sold for immediate delivery and payment.

Forward Rate

A financial term describing the agreed-upon exchange rate for currencies to be exchanged at a future date between parties.