Question

Conflict of interest and its types in professional ethics

Answer 1

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The board defines conflict of interest as an opposition between the private interest and the professional or official responsibilities of a person in position trust, power,and/or authority it is sufficient for the situation to appear to provide the potential for professional judgement to be comprised.

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Answer 2

A conflict of interest arises when what is in a person's best interest is not in the best interest of another person or organization to which that individual owes loyalty. For example, an employee may simultaneously help himself but hurt his employer by taking a bribe to purchase inferior goods for his company's use