Conflicts of interest may occur in a variety of contexts. A person with a conflict of interest will inevitably make biased decisions. These decisions may be to his advantage and the detriment of others. In this article, we want to talk about these decisions and their personal effects. In the hope that conflicts of interest will gradually diminish.
Which of the following is true about conflicts of interest?
“A: A financial dimension must be present in order for it to be a conflict of interest.
B: Conflicts of interest increase the likelihood of bias.
C: A project must be funded by an external source in order for any conflicts of interest to be present.
D: Researchers are not permitted to have any conflicts of interest.
Hence the correct option is B. A conflict of interest arises in a situation where two competing interests occur for an individual. Sometimes, the interests of public duty came into competition with private duty.”
This conflict gives the person a certain power. This power may be to the detriment of others and tempt the person in conflict. This temptation leads to biased decisions and also destroys friendly and family relationships! Because this person makes decisions only for his benefit and everyone may suffer the harm of these decisions.
Conflicts of interest sometimes cause you to become arrogant and hurt others to achieve certain interests. This damage can be both financial and non-financial. In any case, we hope that these wrong decisions, which are the result of conflicts of interest, will decrease day by day.
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