SOCRA CCRP Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

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Question: 1 / 400

What constitutes a significant payment requiring financial disclosure?

$10,000+

$15,000+

$20,000+

$25,000+

Financial disclosure requirements vary depending on the specific situation and location, but generally a significant payment is considered to be a large sum of money that could potentially influence someone's decision-making or actions. Options A, B, and C are all relatively high amounts that may raise concern, but option D, $25,000 or more, is an even larger sum that would require additional attention and disclosure. It is important to carefully review the specific guidelines and regulations in order to accurately determine what would be considered a significant payment in any given situation.

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