You are the project manager for TTX project. You have to procure some electronics gadgets for the project. A relative of yours is in the retail business of those gadgets. He approaches you for your fa

Question

Options

• AConflict of interest
• BBribery
• CIllegal practice
• DIrresponsible practice

• A
  76% (25)
• B
  9% (3)
• C
  12% (4)
• D
  3% (1)

Explanation

According to the question, the relative of yours is approaching you for your favor to get the order. Procuring gadgets from him may harm your project or your organization. Situations like this come under conflict of interest. A conflict of interest occurs when a person is in a position to influence decisions or other outcomes on behalf of one party when such decisions or outcomes could affect the party with which the person has competing loyalties. For example, when a person is acting as an employee, he has a duty of loyalty to his employer. As a practitioner in the global management community, you must proactively and fully disclose any real or potential conflicts of interest to the appropriate stakeholders. Furthermore, if you realize that you have a real or potential conflict of interest, you must refrain from engaging in the decision- making process. Answer options D, B, and C are incorrect. The situation described in the question does not come under these categories.

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