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.

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Definitions:

Security Interest

A legal claim or lien on assets which secures the performance of an obligation, usually repayment of a loan.

Present and After-Acquired Equipment

Refers to a security interest in equipment that a borrower currently owns and any equipment they will acquire in the future.

Unperfected

A legal term describing a security interest or lien that has not been properly filed or recorded, and therefore does not have priority over claims made by other creditors.

Financing Statement

A document filed to give public notice of a security interest in personal property, thereby protecting the interests of secured creditors.