Bribery Is Most Likely to Occur When

question 137

Multiple Choice

Bribery is most likely to occur when

• A)a monopoly exists in the industry.
• B)industries experience intense competition.
• C)the country has reached a high level of economic development.
• D)industries are high-tech in nature.
• E)industries operate in an oligarchic competitive environment.

---

Definitions:

Profit

The financial gain realized when revenue from business activities exceeds the costs and expenses involved in operating.

Market Rate

The prevailing price or cost of goods, services, wages, or interest rates in the open market.

Natural Gas

A fossil fuel composed mainly of methane, used as an energy source for heating, electricity, and vehicle fuel.

Profit

The financial gain achieved when the revenue from selling goods or services exceeds the costs associated with production and operations.