In Which of the Following Situations Is There a Conflict

question 68

Multiple Choice

In which of the following situations is there a conflict of interest?

• A) A judge who occasionally shops in a store that is involved in a case before the same judge
• B) A real estate agent representing the buyer and seller of a house with permission from the buyer and seller
• C) An agent of one principal who secretly works for another whose interest competes with that of the first principal
• D) A bank regulator using a credit union
• E) A lawyer discussing a case with his or her boss

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Definitions:

Discretion

The freedom to decide what should be done in a particular situation.

Adam Smith

An 18th-century Scottish economist known as the father of modern economics, renowned for his theories on free markets and the division of labor.

Scientific Management

A theory of management that analyzes and synthesizes workflows to improve economic efficiency and labor productivity.

Training Costs

Expenses associated with the development and delivery of training programs to employees, aiming at enhancing their skills and knowledge for better job performance.