Questions and CORRECT Answers
At a minimum, how often are investigators funded by the U.S. National Institutes of Health
required to receive conflict of interest training?
Every two years.
Annually.
Every four years.
Once per career stage. - CORRECT ANSWER - Every four years.
According to the U.S Public Health Service, a "significant financial interest" includes royalty
income paid to an investigator and its disclosure is required:
Only if it relates to income from publicly traded companies.
Only if it relates to income from governmental agencies.
Except if that income is from the institution that currently employs the investigator.
Regardless of the source of the income. - CORRECT ANSWER - Except if that income is
from the institution that currently employs the investigator.
According to the U.S. Public Health Service, which of the following would be considered a
significant financial interest?
, An equity interest valued at $10,000 or more that is not related to the investigator's institutional
responsibilities.
Income from the university where the investigator is currently employed.
Travel expenses reimbursed by a U.S. institution of higher education.
An equity interest valued at $5,000 owned by the investigator's spouse in a company that
produces products related to the investigator's institutional responsibilities. - CORRECT
ANSWER - An equity interest valued at $5,000 owned by the investigator's spouse in a
company that produces products related to the investigator's institutional responsibilities.
An investigator received $4,000 of consulting income from a publicly traded drug company over
the past 12 months. The investigator also owns stock in that company valued at $2,000. The
investigator is submitting a grant to the National Institutes of Health that involves evaluating the
effectiveness of a drug produced by the same drug company. Which of the following is true?
The investigator does not have a significant financial interest related to the grant because the
stock's value is less than $5,000.
The investigator does not have a significant financial interest related to the grant because the
consulting income is less than $5,000.
The value of stock is not calculated when determining significant financial interests.
The aggregate of the consulting income and the stock exceeds $5,000 and therefore is a
significant financial interest. - CORRECT ANSWER - The aggregate of the consulting
income and the stock exceeds $5,000 and therefore is a significant financial interest.
Which of following most accurately describes when investigators pursuing U.S. Public Health
Service funding are required to disclose their significant financial interests to their institution?
,No later than the time of applying for funding.
Within 90 days of discovering or acquiring a new significant financial interest.
Twice per year.
After they receive funding but before they start their research. - CORRECT ANSWER -
No later than the time of applying for funding.
Institutions are required by the U.S. Public Health Service to do which of the following:
Update their financial conflict of interest policy every four years.
Apply the same financial conflict of interest policy to all researchers regardless of their funding
source.
Eliminate any and all conflicts of interest.
Evaluate whether a significant financial interest is related to an investigator's research and
constitutes a financial conflict of interest. - CORRECT ANSWER - Evaluate whether a
significant financial interest is related to an investigator's research and constitutes a financial
conflict of interest.
The U.S. Public Health Service (PHS) requires institutions to:
Block faculty from owning any equity interest in a company that sponsors research.
Collect information about the significant financial interests of all faculty and staff.
, Disclose their investigators' new financial conflicts of interest to the PHS awarding component
within 60 days of discovering them.
Post the significant financial interests of all researchers to a publicly available website. -
CORRECT ANSWER - Disclose their investigators' new financial conflicts of interest to
the PHS awarding component within 60 days of discovering them
Which of the following financial conflict of interest information must be made available by
institutions on a public website or within five business days upon request?
The financial interests of all faculty at an academic center.
The conflicts of commitment of researchers funded by the U.S. Public Health Service.
The financial conflicts of interest of senior/key personnel on projects funded by the U.S. Public
Health Service.
The financial interests of all research administrators at an academic center. - CORRECT
ANSWER - The financial conflicts of interest of senior/key personnel on projects funded
by the U.S. Public Health Service.
Which of the following statements most accurately describes a mitigation report?
A report from the U.S. Public Health Service to an institution of what must be done to deal with
financial conflicts of interest of its PHS-funded researchers.
An annual report to the U.S. Public Health Service of all the significant financial interests of the
institution's PHS-funded researchers.
A report from an institution telling the U.S. Public Health Service how bias will be minimized
before a research project begins.