Is there a conflict of interest in this situation?

You are the project manager within an information technology department of a large retailer In order to allow for better real-tracking, in inventory control, and supply chain management, in inventory control, and supply chain management, your company in financing a project to install and to install and deploy RFID on all items of merchandise. As the project manager, you’ve just completed the select sellers’ process, and selected 5 different vendors on your qualified sellers list who has responded to your company’s RFP. One of the vendors remaining the qualified sellers list is RFID-PM Inc. although you have no financial interest in this company, one of yours old high school buddies, Terence, sits on the board of directors of this company. Is there a conflict of interest in this situation?
A. Depending on the depth of your friendship with Terence, a conflict of interest could exist
B. In order to protect your privacy, you only have to disclose your relationship with RFID-PM, Inc. if you are directly questioned
C. Since neither you nor your family members has any financial interests in this company there is no conflict of interest
D. Because of your friendship with Terence, a conflict of interest exist that must be disclosed immediately

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