The Concept of "Moral Licensing," in the Context of Conflicts

question 31

Multiple Choice

The concept of "moral licensing," in the context of conflicts of interest,relates to:

• A) A person receiving actual consent to proceed in a professional relationship, despite the potential for a conflict of interest to arise
• B) A person receiving implied consent to proceed in a professional relationship, despite the potential for a conflict of interest to arise
• C) A person who potentially will benefit from a conflict of interest agreeing to make periodic payments to reimburse any party who is adversely affected by the conflict of interest
• D) A person making exaggerated claims about goods or services after having disclosed influences that create the appearance of a conflict of interest

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for monetary policy and regulation of banks.

Economic Decision-Making

The process of choosing among alternatives to maximize benefits and minimize costs in the allocation of resources, often involving significant analysis and planning.

Social Security Taxes

Taxes collected from employees and employers to fund the Social Security program, which provides benefits for retired workers, disabled individuals, and survivors of deceased workers.

Levied

Imposed or collected, typically used in reference to taxes, duties, or fines by a governing authority.