What is true about conflicts of interest?

A conflict of interest can come in a situation where an individual has competing interests or loyalties because of their duties to more than one person or organization. A person with a conflict of interest can't do justice to the actual or potentially conflicting interests of both parties. For instance, if internal auditor, who is in a position of trust, has a competing professional or personal interest.

Another example is if a person have a loyalty to an employer and also loyalty to a family business. Each of these businesses expects the person to have its best interest first. Thus, the conflict .

Such competing interests can make it difficult to fulfill his or her duties impartially.

A conflict of interest exists even if no unethical or improper act results.

i think it can have both positive and negative effects on businesses.

for example:

lets say you own a small business and taxes go up 4% that means it is going to cost your business more money to buy product to sell. but at the same time you make more money from the tax rise.

that is my theory.

answer:

b. tell a trusted adult

explanation:

most reasonable¯\_(ツ)_/¯(^.^)/~~~