Timothy a financial manager for individual clients, knows that a certain action one of his clients is considering would have a negative impact on some of his own personal business plan. Timothy's client is unaware of this. As he analyzes the situation, Timothy does believe that the clients potential actions would probably be best for the client. He doesn't want the client to decide on this course, however, because of the loss he would encounter personally. What type of situation is Timothy in?
A. Contradiction to duties
B. Conflict of interests
C. Misreporting
D. Financial fraud
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Timothy a financial manager for individual clients, knows that a certain action one of his clients is considering would have a negative ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Risk can be defined as uncertainty concerning the actual return that an investment will generate. a. True b. False
Answers (1)
If quantity of tea is measured on the horizontal axis and quantity of coffee is measured on the vertical axis, an increase in the price of coffee will cause the budget constraint to: A. pivot rightward (pivot out) along the horizontal axis. B.
Answers (1)
Laser World's income statement reported total revenues, $870,000 and total expenses (including $44,000 depreciation) of $755,000.
Answers (1)
The Variable Speed Company manufactures a line of high quality tools. The company sold 1,000,000 hammers at a price of $4 per unit last year. The company estimates that this volume represents a 20% share of the current hammers market.
Answers (2)
What happens when you do not make a decision?
Answers (1)
New Questions in Business
A. True b. False: before a computer can execute a program written in a high level language, such as c++, it must be translated into object code.
Answers (1)
the market value of a property is $90,000 and is assessed at 35%. The annual taxes are $1,260. What is the tax rate?
Answers (1)
Someone who likes building, designing, or creating things probably has a (n)
Answers (1)
A company's board of directors votes to declare a cash dividend of $1.65 per share of common stock. The company has 33,000 shares authorized, 28,000 issued, and 27,500 shares outstanding. The total amount of the cash dividend is: Multiple Choice a.
Answers (1)
Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $112,500 and $125,000, respectively. During the year, actual overhead was $107,400 and actual direct labor cost was $120,000.
Answers (1)