| University | PSB Academy (PSB) |
| Subject | Business |
- Distinguish between bribery and kick back with ONE example each to illustrate these unethical behaviours.
ANS
Bribery: Bribery is the act of offering, giving, receiving, or soliciting something of value, such as money, gifts, or favors, to influence the actions of an individual in a position of authority. It is an unethical practice that undermines fairness and integrity in various contexts, including business and government.
Example of Bribery: Imagine a company seeking a lucrative government contract. To secure the contract, an executive of the company offers a substantial amount of money to a government official responsible for awarding contracts.
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