The least costly solution to the conflict of interest problem is simply to monitor the firm's managers closely.

Question

Quizplus · Accepted Answer

Monitoring alone may not be enough to prevent or detect all instances of conflict of interest. It is important to establish systems and procedures to address potential conflicts and provide training and education to employees. Additionally, prevention is better than cure, so it may be more effective to establish a culture of ethical conduct and integrity within the organization.

The Least Costly Solution to the Conflict of Interest Problem