True or False the following are all examples of Significant Financial Interest (SFI) for NIH.

a. An investigator was paid $4000 for consulting for the year for a non-publicly traded company.

b. An investigator owns $1 worth of stock in a non-publicly traded company.

c. An investigator was paid $10,000 for the year from the University as royalties for an invention he created.

A. a only.

B. b only.

C. c only.

D. a, b and c.

E. a and b only.

F. Neither a, b nor c.

Question

Business

Thomas

26 February, 20:41

True or False the following are all examples of Significant Financial Interest (SFI) for NIH.

a. An investigator was paid $4000 for consulting for the year for a non-publicly traded company.

b. An investigator owns $1 worth of stock in a non-publicly traded company.

c. An investigator was paid $10,000 for the year from the University as royalties for an invention he created.

A. a only.

B. b only.

C. c only.

D. a, b and c.

E. a and b only.

F. Neither a, b nor c.

+5

Answers (1)

Know the Answer?

Frederick Murray · Answer 1

The answer is: D) a, b, and c

Explanation:

Significant financial interest (SFI) is anything of monetary value, whether that value can be determined or not, that belongs to: an investigator, the investigator's spouse, or any dependent children.

When an investigator receives funding from the NIH it must complete a Declaration Form including all the SFI acquired or discovered in the past year.

Even if the stock worth only $1, it still has monetary value. The same for the $4000 paid to him for consulting work and the royalties worth $10,000.