CON 1100V EXAM #2 UPDATED ACTUAL
Questions and CORRECT Answers
What is a COI (Conflict of Interest)? - CORRECT ANSWER - a personal interest or
relationship that conflicts with the faithful performance of official duty.
What is an Actual Conflict of Interest? - CORRECT ANSWER - A Federal employee is
prohibited from participating personally and substantially in an official capacity in any particular
matter in which, to their knowledge, they or any person whose interests are imputed to them has
a financial interest, if the particular matter will have a direct and predictable effect on that
interest
What is an Apparent Conflict of Interest? - CORRECT ANSWER - An apparent conflict
of interest is one which a reasonable person with knowledge of the relevant facts would question
the employee's impartiality in the particular matter. A potential conflict of interest involves a
situation that may develop into an actual conflict of interest.
What is a prohibited source? - CORRECT ANSWER - Any person who:
(1) Is seeking official action by the employee's agency;
(2) Does business with or seeks to do business with the employee's agency;
(3) Conducts activities regulated by the employee's agency;
(4) Has interests that may be substantially affected by the performance or nonperformance of the
employee's official duties; or
(5) Is an organization a majority of whose members are described in (1) through (4).
What is the OGE (Office of Government Ethics) 450 and who must file it? - CORRECT
ANSWER - The OGE Form 450 is the standardized form used by Executive Branch
employees required to file a confidential financial disclosure report to avoid involvement in a
real (actual) or apparent conflict of interest.
Employees who are significantly involved in decision making, making recommendations or
determinations, conducting investigations, or rendering advise or opinions regarding
Questions and CORRECT Answers
What is a COI (Conflict of Interest)? - CORRECT ANSWER - a personal interest or
relationship that conflicts with the faithful performance of official duty.
What is an Actual Conflict of Interest? - CORRECT ANSWER - A Federal employee is
prohibited from participating personally and substantially in an official capacity in any particular
matter in which, to their knowledge, they or any person whose interests are imputed to them has
a financial interest, if the particular matter will have a direct and predictable effect on that
interest
What is an Apparent Conflict of Interest? - CORRECT ANSWER - An apparent conflict
of interest is one which a reasonable person with knowledge of the relevant facts would question
the employee's impartiality in the particular matter. A potential conflict of interest involves a
situation that may develop into an actual conflict of interest.
What is a prohibited source? - CORRECT ANSWER - Any person who:
(1) Is seeking official action by the employee's agency;
(2) Does business with or seeks to do business with the employee's agency;
(3) Conducts activities regulated by the employee's agency;
(4) Has interests that may be substantially affected by the performance or nonperformance of the
employee's official duties; or
(5) Is an organization a majority of whose members are described in (1) through (4).
What is the OGE (Office of Government Ethics) 450 and who must file it? - CORRECT
ANSWER - The OGE Form 450 is the standardized form used by Executive Branch
employees required to file a confidential financial disclosure report to avoid involvement in a
real (actual) or apparent conflict of interest.
Employees who are significantly involved in decision making, making recommendations or
determinations, conducting investigations, or rendering advise or opinions regarding
