Ask Question
BusinessBusiness
3 April, 08:59

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.

+2
Answers (1)
  1. 3 April, 09:10
    0
    Answer: Option B

    Explanation: In simple words, conflict of interest refers to a situation when a person have the power to make a certain decision from which he or she gets to have some special benefit.

    Therefore, conflict of interest always results in the scope bias. As the individual in the power can use his or her position that can lead to benefit of him or loss of others or both.

    Hence from the above we can conclude that the correct option is B.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Jillian, a supervisor in a shoe store, observes Frank, an employee, becoming anxious and defensive when a customer complains about some shoes. The customer reacts to Frank's behavior by raising her voice and demanding to talk to a manager.
Answers (1)
Classy Clay has extremely creative employees who, in the opinion of the organization, keep the company ahead of the competition. The creativity of these employees would be classified as a (n) :
Answers (1)
The purpose of a budget is to everfi module 1 answers
Answers (1)
Problem 9-20 Two investment advisers are comparing performance. One averaged a 16% rate of return and the other a 15% rate of return. However, the beta of the first investor was 1.3, whereas that of the second investor was 1. a.
Answers (1)
Which man made fiber is resistant to wrinkles
Answers (1)
New Questions in Business
How do property rights benefit entrepreneurs? by enabling them to purchase capital and use it as they see fit by allowing them to use their employees' property by facilitating the use of public property for private businesses by freeing unused
Answers (1)
The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 7,200 direct labor-hours will be required in May. The variable overhead rate is $8.90 per direct labor-hour.
Answers (1)
Genepa Corporation manufactures home appliances and other electronic products. Genepa is planning to introduce a new refrigerator model.
Answers (1)
Indirect costs are traced to cost objects. Cost drivers are used to allocate indirect costs to cost objects. An allocation rate is calculated by dividing the allocation base by the total cost to be allocated.
Answers (1)
What is the process of optimizing the contributions of people from different cultures in the workplace
Answers (1)
Home » Business » 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.
Sign Up Forgot Password?