Question

Describe one reason for adhering to high standards in ethics.

What are the dangers of conflict of interest?

Answer 1

Reason:

To promote the values that are essential to collaborative work, such as trust, accountability, mutual respect, and fairness. Any different disciplines, institutions, and professions have standards for behavior that suit their particular aims and goals. These standards also help members of the discipline to coordinate their actions or activities and to establish the public's trust of the discipline.

A conflict of interest arises in the workplace when an employee has competing interests or loyalties that either are, or potentially can be, at odds with each other.

Dangers of conflict of interest:

1. Conflicts of interest increase the temptation to commit misconduct..
2. Conflicts of interest increase the risk of unintentional bias.
3. Delay in meeting the goal or end result.
4. Quality of work reduce.