A Conflict of Interest Is Problematic for the Public Because​

question 9

Multiple Choice

A conflict of interest is problematic for the public because​ a

• A)​public officer is not allowed to have a second job.
• B)public officer may choose personal interest over the interests and welfare of the public.
• C)​public officer may not be properly compensated for his or her work.
• D)conflict of interest does not present a meaningful problem.

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Definitions:

Transitive Indifference

Transitive indifference refers to a situation in consumer preference theory where if a consumer is indifferent between goods A and B and also between goods B and C, then the consumer is equally indifferent between goods A and C.

Strict Preference

An economic term indicating a consumer's stronger liking for one option over another, with no indifference between the two.

Convex Preferences

In consumer theory, a situation where the consumer prefers an average of two goods or bundles to either one of the extremes, indicating a desire for diversified choices.

Midterm Examinations

Exams given roughly halfway through an academic term to assess students' understanding of the course material.