Question

This concept states that a board member or officer of the organization cannot unreasonably benefit from the organizations funds.

-conflict of interest
-private inurement
-obedience
-intermediate sanctions

Answer 1

Private inurement refers to a situation where a board member or officer unreasonably benefits from an organization's funds. It is considered a conflict of interest and is generally prohibited.

Step-by-step explanation:

The concept being described in the question is private inurement. Private inurement refers to the situation where a board member or officer of an organization unreasonably benefits from the organization's funds. This is considered a conflict of interest and is generally prohibited to ensure transparency, accountability, and the proper use of funds.