What are examples of questionable payments in industry? If these questionable pa
ID: 404651 • Letter: W
Question
What are examples of questionable payments in industry? If these questionable payments are part of the culture, are they now acceptable behavior for MNCs that operate within those cultures? Provide reasons to support your opinion. How is a bribe different from a gift?
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
What are examples of questionable payments in industry? If these questionable payments are part of the culture, are they now acceptable behavior for MNCs that operate within those cultures? Provide reasons to support your opinion. How is a bribe different from a gift? Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.Explanation / Answer
improper and often illegal monies given to obtain favorable treatment by another party. An example is a bribe made to a government official or buyer of goods in another company
In some countries, companies are specifically banned from offering grease money, whether at home or overseas. In other regions, these payments are considered acceptable, and they may even be tax deductible, as a business expense. Taking this action can be a very slippery slope, however, and it is easy to cross the line into bribery, given the nature of such payments.
Opponents of grease money argue that it promotes unfair competition, as people and companies without excess funds cannot offer payments, and they may find themselves unable to accomplish basic bureaucratic tasks in some regions of the world as a result. Such payments also promote questionable business practices, making it easier for unscrupulous individuals to cross the line into more dodgy dealings. Demands for money can also ultimately hurt a country by driving off foreign investors who frown on such practices
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