CIPS L3M2 Exam - Topic 2 Question 26 Discussion

Actual exam question for CIPS's L3M2 exam

Question #: 26
Topic #: 2

A situation in which a person is in a position to derive personal benefit from actions or decisions made in their official capacity, is called:

AConflict of interest

BShared interests

CSplit the difference

DDouble indemnity

EDouble whammy

EConflict resolution

Show Suggested Answer

Suggested Answer: A

The interests of your employer / official position (for example, to award a contract to the most suit-able bidder) may be in conflict with your personal interests (for example, to line your pockets to live more comfortably). Hence 'conflict of interest'.

by Ettie at Nov 17, 2024, 06:52 AM

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Emerson

7 months ago

Conflict resolution is different, just to clarify.

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Fredric

8 months ago

I thought it was called shared interests, but I guess not!

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Yuriko

8 months ago

Wait, are we sure it's not something else?

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Katie

8 months ago

Totally agree, it's all about conflicts of interest!

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Jettie

8 months ago

It's definitely called a conflict of interest.

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Lakeesha

9 months ago

I feel like I’ve seen “double indemnity” in a different context, maybe in insurance? It doesn’t seem right for this question though.

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Hoa

9 months ago

I’m torn between conflict of interest and conflict resolution. They both seem relevant, but I think the first one fits better.

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Twana

9 months ago

I remember discussing something similar in class. Isn’t it called a conflict of interest when someone benefits personally from their decisions?

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Ronnie

9 months ago

I think this is about conflicts of interest, but I’m not 100% sure. It sounds familiar from our last practice quiz.

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Daniela

9 months ago

Okay, let me break this down step-by-step. A conflict of interest involves personal benefit from official decisions, so that has to be the right answer.

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Roslyn

9 months ago

I'm not totally sure what "double indemnity" or "double whammy" mean in this context. I'll have to eliminate those and focus on the more relevant options.

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Ciara

9 months ago

Conflict of interest is the obvious choice here. I remember learning about that in class, so I'm confident I can get this one right.

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Aja

9 months ago

Hmm, I'm a bit unsure about this one. The options seem similar, so I'll need to read them carefully and think through the differences.

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Cordelia

9 months ago

This looks like a straightforward question about conflicts of interest. I'll focus on understanding the key terms and identifying the best answer.

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Lashawn

2 years ago

Conflict of interest, easy peasy. Did they really think we'd fall for 'double indemnity'?

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Valda

2 years ago

Shared interests? What is this, group project time?

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Ben

2 years ago

I'm going with A, can't go wrong with the classic conflict of interest.

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Mary

2 years ago

B) Shared interests

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Arlene

2 years ago

Good choice, it's important to recognize when there's a conflict of interest.

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Dana

2 years ago

A) Conflict of interest

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Ceola

2 years ago

I agree with Cecilia, A) Conflict of interest makes the most sense in this situation.

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Cecilia

2 years ago

I think it's A) Conflict of interest because it involves personal benefit.

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Hershel

2 years ago

A) Conflict of interest

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Stephen

2 years ago

Haha, 'double whammy'? That's a new one, they're really grasping at straws here.

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Ben

2 years ago

Definitely conflict of interest, can't believe they're trying to trick us with all these other options.

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Justa

2 years ago

Conflict resolution is different from conflict of interest.

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Vicente

2 years ago

E) Conflict resolution

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Luis

2 years ago

No, it's not shared interests. It's a conflict of interest.

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Dusti

2 years ago

B) Shared interests

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Suzan

2 years ago

I agree, it's definitely a conflict of interest.

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German

2 years ago

A) Conflict of interest

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Herminia

2 years ago

Conflict resolution is different from conflict of interest.

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Vi

2 years ago

E) Conflict resolution

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Luke

2 years ago

No, it's not shared interests. It's a conflict of interest.

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Polly

2 years ago

B) Shared interests

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Goldie

2 years ago

I agree, it's definitely a conflict of interest.

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Kate

2 years ago

A) Conflict of interest

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