Business Assignment, PSB, Singapore: Distinguish between bribery and kick back with ONE example each to illustrate these unethical behaviours

• 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.