How should a businessperson deal with a conflict of interest?
A) Ignore it.
B) Send an email to his/her manager.
C) Disclose it or avoid it.
D) Report it only to close friends.

Question

Quizplus · Accepted Answer

When a businessperson faces a conflict of interest, the best approach is to disclose it or avoid it. This means being transparent about any potential conflicts and refraining from making decisions that could benefit their personal interests over the interests of the company or clients. Ignoring the conflict of interest can lead to ethical breaches and harm the reputation of the business. Reporting the conflict only to close friends is not an appropriate course of action, as conflicts of interest require transparency and accountability to ensure all parties are treated fairly. Sending an email to a manager may be necessary in certain situations, but disclosing or avoiding the conflict of interest should still be the first step.

How Should a Businessperson Deal with a Conflict of Interest