Which of the following most accurately indicates why conflicts of interest create concern?
1. In a conflict of interest, a person accepts illegal payments as a direct result of their actions.
2. A person who creates a fake company and bills his company for goods and services never received is a conflict of interest because the company didn’t know that the vendor was fictitious.
3. Decision-makers can be influenced by a person with a conflict of interest without understanding the underlying motivations of the person.
4. Conflicts of interest are indistinguishable from illegal gratuities and economic extortion.