Question

All of the following situations reflect a possible conflict of interest except:
a. ​ ​A CEO hires a relative for a company position although another candidate is more qualified.
b. ​ ​A CEO takes a cut in pay to decrease company overhead.
c. ​ ​A CEO offers a contract to a friend without checking competing bids.
d. ​ ​A manager buys a piece of realty that would be suitable for a planned company project.

Answer 1

Answer: Option (B)

Explanation:

From the given options, we can state that the following statement does not reflect conflict of interest, i.e. "A Chief Executive Officer tends to take a cut in his/her pay in order to decrease the organizations' overhead".

Conflict of interest is referred to as or known as situation under which an individual or organization tends to get involved in several interests, either financial or otherwise, thus serving one of the interest tends to involve working against the other.