John and William are opening a restaurant together. William also works as a business loan officer at a local bank. John has applied to William's bank for a business loan for the restaurant, and William is responsible for approving the loan. This is a clear example of a
A)confidentiality violation.
B)money laundering scam.
C) check kiting scheme.
D) conflict of interest.

Question

Quizplus · Accepted Answer

This is a clear example of a conflict of interest, as William's personal involvement in the restaurant project creates a potential bias in his decision-making process as a loan officer.

John and William Are Opening a Restaurant Together