Which of the following is true about conflicts of interest

Asked by wiki @ in Business viewed by 1063 People

Which of the following is true about conflicts of interest?a. A financial dimension must be present in order for it to be a conflict of interest.b. Conflicts of interest increase the likelihood of bias.c. A project must be funded by an external source in order for any conflicts of interest to be present.d. Researchers are not permitted to have any conflicts of interest.

Answered by wiki @

Answer: Option B

Explanation: In simple words, conflict of interest refers to a situation under which an individual stands in a position to make a decision that can give him or her some personal benefit in cost of the organisation they are working for.

Thus, it creates an ethical dillema for the decision maker to choose among the alternative choices.

Hence from the above we can conclude that the correct option is B.

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