When Managers Pay Bribes to Gain Access to Lucrative Business

question 39

Multiple Choice

When managers pay bribes to gain access to lucrative business contracts,they are engaging in

• A) opportunistic exploitation.
• B) utilitarian ethics.
• C) self-dealing.
• D) information manipulation.
• E) corruption.

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Definitions:

Rate of Return

The percentage of increase or decrease in the value of an investment over a specified period of time.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often receiving dividends before common shareholders.

Cumulative Voting

A voting system that allows shareholders to concentrate their vote allocation among one or more candidates, enhancing minority shareholders' ability to elect a director.

Straight Voting

A corporate voting procedure in which shareholders may cast all votes for a single candidate for the board.