Question

What does "conflict of interest" refer to in professional ethics?

• A. A conflict between ethics and laws
• B. A situation where personal interests conflict with professional duties
• C. A situation involving legal disputes
• D. A situation where two professionals disagree

Hint:

Always disclose and manage conflicts of interest transparently to maintain professional integrity and public trust.

Answer 1

The Correct Option is B

Step 1: Understanding the concept.
A “conflict of interest” arises when a person’s personal interests — such as financial gain, relationships, or other personal considerations — interfere with their ability to act impartially and in the best interest of their organization or profession.
Step 2: Professional ethics context.
In professional settings, such conflicts undermine trust, objectivity, and fairness. Ethical codes require professionals to disclose and avoid situations that create potential conflicts between personal benefit and professional responsibility.
Step 3: Conclusion.
Thus, a conflict of interest refers to any situation where an individual’s private interests may influence the performance of their professional duties.