A conflict of interest is:
Understand the Problem
The question is asking for the definition of a conflict of interest and provides multiple-choice options that describe different scenarios. We need to identify which option accurately defines the term.
Answer
(d) a situation in which an individual might take an action to his/her advantage...
The final answer is (d) a situation in which an individual might take an action to his/her advantage that would be to the disadvantage of a person or company that believe this individual is serving them.
Answer for screen readers
The final answer is (d) a situation in which an individual might take an action to his/her advantage that would be to the disadvantage of a person or company that believe this individual is serving them.
More Information
Option (d) describes a scenario where personal interests conflict with the obligations to others, fitting the typical definition of a conflict of interest.
Tips
Common mistakes include misunderstanding disagreements as conflicts of interest.
Sources
- Understanding Conflict of Interest - compliance.ucf.edu
- What Is a Conflict of Interest? - Investopedia - investopedia.com
- Conflict of interest - Wikipedia - en.wikipedia.org
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