Views of Ethical Behaviour Differ and in Some Countries Bribery

question 56

Multiple Choice

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

• A) acceptable if it leads to an opening into a new market.
• B) acceptable if it is customary in the host country.
• C) unacceptable under any circumstances.
• D) acceptable if it is going to benefit the organisation.
• E) acceptable if it is beneficial to both parties.

---

Definitions:

Upstream

In an industry context, refers to the exploration and production stages in oil and gas, or more generally, to processes or activities that occur at the beginning of a supply chain.

Consolidated Amount

The total sum resulting from the combination of various items, expenses, revenues, or financial statements.

Direct Approach

A method of presentation in cash flow statements where actual cash flow information from operating activities is presented directly.

Inventory

Materials and products that a business holds for the ultimate purpose of resale.