Building Code Administrators and Inspectors Florida Principle and Practice Licensure Practice Exam

On what basis shall a gift be valued, as specified in the regulations?

1. Per Occurrence

2. Annual

3. Monthly

4. Semi-Annual

The correct answer is: Per Occurrence

The correct basis for valuing a gift, as specified in the regulations, is per occurrence. This approach emphasizes valuing each gift on an individual basis as it is given, rather than accumulating or averaging values over a longer period, such as annually, monthly, or semi-annually. Valuing gifts per occurrence helps ensure accuracy and transparency in reporting, as gifts can vary significantly in their nature and value from one instance to the next. This method aligns with regulations that aim to prevent any possible manipulation or misrepresentation of gift values in compliance with ethical standards and requirements. By valuing gifts individually, it also provides a clear and straightforward method for record-keeping and potential disclosures.