Asked by Kaitlyn Foley on May 07, 2024
Verified
_____ are used to obtain or retain business and are not generally considered illegal in the United States.
A) Facilitation payments
B) Bribes
C) Gifts
D) Coercive techniques
E) Threats
Facilitation Payments
Small payments made to expedite or facilitate routine government actions, often seen in a gray area between legitimate fees and bribery.
Obtain
To acquire or get possession of something through a purchase, effort, or request.
Retain
To keep or continue holding, possessing, or maintaining something or someone.
- Distinguish between ethical and legal issues encountered in business practices.
Verified Answer
YN
Yinhla NgoveniMay 12, 2024
Final Answer :
A
Explanation :
Facilitation payments are small payments made to expedite or secure the performance of a routine governmental action by a government official. They are distinguished from bribes, which are intended to influence the outcome of a decision, and are not generally considered illegal under U.S. law, particularly under the Foreign Corrupt Practices Act (FCPA), which allows for certain minor payments to facilitate routine government actions.
Learning Objectives
- Distinguish between ethical and legal issues encountered in business practices.