Quiz: Question 7 of 10: Which of the following would not likely be considered a conflict of interest? Accepting a lavish gift from a potential vendor Forming a strategic partnership with another organization Taking an after-hours consulting job with a competitor Negotiating a deal with a family member in another company

## Step 1<br />A conflict of interest arises when an individual's personal interests interfere with their professional responsibilities. This can occur when an individual is in a position to make decisions that could benefit them personally, rather than the organization they work for.<br /><br />## Step 2<br />In the given options, accepting a lavish gift from a potential vendor, taking an after-hours consulting job with a competitor, and negotiating a deal with a family member in another company can all be considered conflicts of interest. This is because these situations could potentially influence the individual's professional decisions.<br /><br />## Step 3<br />However, forming a strategic partnership with another organization does not necessarily constitute a conflict of interest. This is because such partnerships are often formed to benefit the organization as a whole, rather than the individual.