Conflicts of Interest Are Unethical Because They

question 100

Multiple Choice

Conflicts of interest are unethical because they

• A) diminish the professional's allegiance to the client.
• B) cause clients to put too much trust in professionals.
• C) are the main cause of double billing.
• D) pit stronger corporate clients against weaker private ones.

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Definitions:

Scarcity

A situation where limited resources are insufficient to satisfy all wants and needs.

Unlimited Income

A theoretical concept indicating there is no upper limit to an individual's or entity's income.

Production

The process of creating goods or services using inputs such as labor, raw materials, and machinery.

Opportunity Cost

The neglect of potential gains that could be obtained from a variety of choices when one is prioritized.