Views of Ethical Behaviour Differ and in Some Countries Bribery

question 32

Multiple Choice

Views of ethical behaviour differ and in some countries bribery is seen as an accepted business practice. From a utilitarian perspective, bribery would be regarded as:

• A) acceptable because it leads to contracts that create employment.
• B) acceptable if it is commonly practiced in the host country.
• C) unacceptable under any circumstances.
• D) acceptable if it is going to benefit the organisation.
• E) acceptable if it was beneficial to both parties.

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Definitions:

Limited Liability

A legal structure that limits the personal financial risk of the business owners, protecting their personal assets from the debts and liabilities of the business.

Sole Proprietorship

A business owned and operated by a single individual, with no distinction between the business and the owner.

Closely Held Corporation

A type of company that is owned by a small group of people who are usually closely associated with the business.

Publicly Trades

Pertains to companies whose shares are bought and sold on stock exchanges, allowing investors to purchase ownership interests in the businesses.