All of the Following Are Examples of a Conflict of Interest

question 7

Multiple Choice

All of the following are examples of a conflict of interest, except:

• A) gifts from companies in exchange for ordering their products.
• B) having your spouse buy stock in a biomedical firm that supplies your employer.
• C) going to a CME course sponsored by your medical school.
• D) speaking for a pharmaceutical firm in exchange for a fee.
• E) All of these are examples of a conflict of interest.

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Definitions:

Capital

Wealth in the form of money or other assets owned by a person or organization or available for purposes such as starting a company or investing.

Labor

Pertains to the utilization of human labor, encompassing both physical and intellectual efforts, in the creation of products and services.

Marginal Rate

Often referred to in the context of taxes or production, indicating the rate of increase or the additional cost or benefit of producing one more unit of a good.

Technical Substitution

The process of replacing one input or factor of production with another to maintain the same level of output.