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 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.

Answer 1

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.

Answer 2

The correct answer is letter "B": Conflicts of interest increase the likelihood of bias.

Step-by-step explanation:

A Conflict of Interest (COI) takes place within an organization when the individual interest of one of the members is prioritized harming the other parties' objectives. Since that point, the organization could be said to be biased towards one factor over the others if the conflict of interest is not taken to a middle field where the collective interest is the winner.