1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Irina18 [472]
3 years ago
9

Which of the following is true about conflicts of interest?

Business
1 answer:
Vedmedyk [2.9K]3 years ago
5 0

Answer: Option B

Explanation: In simple words, conflict of interest refers to a situation when a person have the power to make a certain decision from which he or she gets to have some special benefit.

Therefore, conflict of interest always results in the scope bias. As the individual in the power can use his or her position that can lead to benefit of him or loss of others or both.

Hence from the above we can conclude that the correct option is B.

You might be interested in
Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.
sweet-ann [11.9K]

Answer:

D. $53,000.

Explanation:

The computation of the ending cash balance is shown below:

Beginning cash balance $95,000

Add: Receipts  

Cash sales  $418,000

Total cash receipts (a) $513,000

Deduct: Payments:  

Cash payment for purchases -$273,000

 Cash payment for salaries -$96,000

Other cash expenses -$58,000

Repayment of bank loan -$33,000

Total cash payments (b) $460,000

Net receipts /( payments) (a) - (b) $53,000

6 0
2 years ago
Jennifer owns a pig farm near​ Salina, Kansas. Last year she earned​ $39,000 in total revenue while incurring​ $38,000 in explic
leonid [27]

Answer:

Jennifer earned an accounting profit of  $1,000 and economic loss of $26,000

Explanation:

Total revenue for Jennifer is $39,000.  

Explicit costs incurred is $38,000.  

The implicit cost or opportunity cost involved is $27,000.

Accounting profit takes into account explicit costs only. It does not include implicit costs involved in the production process.  

Jennifer has earned an accounting profit of

= Total revenue - Explicit costs

= $39,000 - $38,000

= $1,000

Economic profit takes into account the explicit cost as well as implicit cost.  

The economic profit earned

= Total revenue - Total costs

= $39,000 - ($38,000 + $27,000)

= - $26,000

7 0
3 years ago
Lantz Company has provided the following information: • Cash sales totaled $255,000. • Credit sales totaled $479,000. • Cash col
NNADVOKAT [17]

Answer:

The amount of Lantz's operating revenue is $734,000

Explanation:

The computation of the operating revenue is shown below:

= Total cash sales + Total credit sales

= $255,000 + $479,000

= $734,000

Since we have to compute the operating revenue, so we considered only revenue part not expenses part

The other information which is mentioned in the question is not being considered because it is related to the operating expenses. So, ignored it.

3 0
3 years ago
Economics can be defined as the study of?
bazaltina [42]
For whom resources are allocated to increase efficiency. economics can as well be described as the production, distribution and consumption of goods and services. scarce resources that have alternative uses 
7 0
3 years ago
Which action is an example of an expansionary monetary policy?
kicyunya [14]
A. Lowering the interest on reserve rate.

Expansionary monetary policy increases money supply by lowering interest rates
6 0
3 years ago
Read 2 more answers
Other questions:
  • Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
    7·1 answer
  • The management of Trowel Works, an agricultural equipment company, is conducting a strengths, weaknesses, opportunities, and thr
    9·2 answers
  • Showery Drugs is a pharmaceutical company based in Detroit. Showery Drugs expects its employees to work long hours and achieve i
    7·2 answers
  • A small trucking company is planning to install a GPS system in each of the five trucks the company owns. Each system costs $460
    14·1 answer
  • Stock Investment Transactions On September 12, 2,000 shares of Aspen Company were acquired at a price of $50 per share plus a $2
    9·1 answer
  • Along a straight line downward sloping demand curve, elasticity is Constant but its value cannot be determined without measureme
    10·1 answer
  • Baylor Bank believes the New Zealand dollar will appreciate over the next 15 days from $.90 to $.93. The following annual intere
    14·1 answer
  • Dear Mr. Sanchez: Your efforts to promote ethical business practices in our city have drawn national recognition. You are an exc
    14·1 answer
  • Borrowing money to pursue an advanced degree makes sense if _____. a. you can earn a scholarship to pay for your educational cos
    14·1 answer
  • why the introduction of maximum prices in the petrol industry will not be an ideals decision for the country's economy​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!