Conflict of Interest Management Flashcards
7 cards from real CEA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Conflict of Interest Management flashcards as text
An employee on a vendor selection committee discovers the leading bidder is owned by her brother-in-law. What is her FIRST obligation?
Answer: Recuse herself and disclose the relationship to her supervisor
Immediate disclosure and recusal are required before any participation in the decision continues.
Which of the following BEST describes a 'potential' conflict of interest?
Answer: A circumstance that could develop into an actual conflict if certain events occur
A potential conflict exists when foreseeable future circumstances could create an actual conflict.
A hospital board member also serves on the board of a pharmaceutical company that sells drugs to the hospital. This is BEST classified as:
Answer: A structural or positional conflict of interest
Holding dual roles that place competing loyalties in tension constitutes a structural/positional conflict of interest.
After disclosing a conflict of interest, an employee continues to participate in the related decision with management's tacit approval. This approach is MOST problematic because:
Answer: Tacit approval does not constitute proper authorization or a managed resolution
Informal or silent approval fails to create a documented, enforceable conflict management plan.
A researcher receives a grant from a pharmaceutical company and later publishes a study on that company's drug. Ethics standards require her to:
Answer: Disclose the funding relationship in the published study
Disclosure of funding sources in publications is the standard requirement to allow readers to assess potential bias.
Which element is LEAST likely to be included in an effective conflict of interest policy?
Answer: A list of approved vendors
Conflict of interest policies address disclosure, review, and penalties — not pre-approved vendor lists, which belong in procurement policy.
An attorney represents both the buyer and seller in a real estate transaction without informing either party. This violates conflict of interest principles PRIMARILY because:
Answer: The attorney owes undivided loyalty to each client, which dual representation compromises
Professional duty of loyalty requires that the attorney's representation not be compromised by competing client interests.