A "Conflict of Interest" occurs when an individual or organization has multiple interests that could potentially influence their decisions or actions. This situation can lead to biased judgment, as personal or financial interests may conflict with professional responsibilities. For example, a doctor who receives payments from a pharmaceutical company may face a conflict when prescribing medications. To maintain integrity and trust, it is essential to disclose any potential conflicts of interest. Organizations often have policies in place to manage these situations, ensuring that decisions are made based on objective criteria rather than personal gain. This helps protect the interests of all parties involved.