A conflict of interest occurs when an activity may benefit the individual to the detriment of his or her employer.

Question

Quizplus · Accepted Answer

A conflict of interest arises when an individual's personal interests or commitments could influence or interfere with their duties or responsibilities to their employer or organization. Such a conflict may arise when an employee has a financial or personal interest in a transaction or decision taken by the employer or organization, which may influence their judgment or actions. This conflict can be detrimental to the employer's interests and may harm their reputation or financial position. Therefore, it is essential for individuals and organizations to identify and manage potential conflicts of interest to ensure ethical behavior, transparency, and accountability.

A Conflict of Interest Occurs When an Activity May Benefit