Conflict of Interest

~ Exam ~

Klimes Institute now provides real-time grading and a real-time certificate for this online course.  To take the test, click on the button corresponding to the correct answer for each question.  When you're done, click on the "Grade Test" button.

You will be asked to login (if you are a returning customer) or register (if you are a new customer) and pay $21.00 for the processing of your test and certificate. You will be given your test results instantly and you will be able to print out your certificate immediately from your browser.

You must correctly answer 9 of 12 questions. If needed, you may retake the exam. Please complete the evaluation form that will appear on your screen after passing the exam.

Your test will be graded online right away, and upon passing you will be able to immediately print out your certificate.  We would appreciate it if you could take a few minutes to complete the evaluation form that will appear on your screen after passing the exam.

Occasionally computers fail. Thus you may wish to print the exam, mark the answers on the printed copy, then transfer those answers to the computer when you're ready to submit the exam for scoring. Once the exam is completed successfully, you will no longer be able to access this course (unless you pay for the course again).

This test has 12 questions.

All questions must be answered before the test can be graded.

Already taken the test? Click here to login and retrieve your answers.

1. Conflicts of Interest deal with ___ interests

  a. all

  b. legal

  c. organizational

  d. financial

2. Real conflicts of interests directly affect ____________.

  a. records

  b. finances

  c. relationships

  d. organizations

3. Appearance of conflict deals with questions of ___.

  a. distribution

  b. impartiality

  c. accuracy

  d. all 3

4. Authorization may be granted to _____________.

  a. participate

  b. not participate

  c. receive finances

  d. receive gifts

5. Conflicts may be resolved by ___.

  a. waivers

  b. authorizations

  c. disqualifications

  d. all

6. A permit may be granted in a(n) ____ conflict

  a. appearance of

  b. real

  c. actual

  d. complex

7. Divestiture means ___

  a. moving

  b. selling

  c. giving up

  d. b and c

8. Minor children here are ___.

  a. below 16

  b. claimed on income tax

  c. below 18

  d. below 21

9. Fiduciary duty is a ___ obligation to act in the best interest of the other party.

  a. moral

  b. contractual

  c. legal

  d. none of the 3

10. A financial interest is any potential for ___.

  a. good and bad

  b. right or wrong

  c. legal or illegal

  d. gain or loss

11. Here a prohibited source is where one cannot ___.

  a. accept gifts

  b. accept employment

  c. accept advice

  d. accept payments

12. Here the record retention cycle is usually ___ years.

  a. 4

  b. 6

  c. 8

  d. 10