What Should a Company Do to Avoid Accusations of Bribery

question 11

Multiple Choice

What should a company do to avoid accusations of bribery and corruption? 

• A) Encourage personal gifts and presents to decision-takers. 
• B) Invite bids from a wide range of suppliers. 
• C) Disclose bribery and corruption by competitors. 
• D) Introduce a policy on business ethics and integrity.

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Definitions:

State Approval

Formal consent given by a governmental entity authorizing an action, policy, or regulation to take effect.

Sole Proprietorship

A type of business structure where a single individual owns, manages, and is responsible for all aspects of the business, including debts.

Proprietor

The owner of a business or property.

Liabilities

Financial obligations or debts owed by a person or company to another entity, which must be settled over time.