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Ethics and Bribery in Society

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Questions and Answers

What does many people think is necessary to ensure smoother operation of society?

Paying bribes occasionally (correct)

Volunteering in community services

Promoting honesty and integrity

Implementing stricter laws

Why is the secrecy of both the payer and recipient of bribes considered significant?

To increase transparency in transactions

To avoid misunderstandings in business deals

Because it indicates that the behavior is generally viewed as improper (correct)

Because it shows mutual trust

What term is often used to describe corruption as an ethical problem?

Competitive advantage

Societal enhancement

Behavioral issue (correct)

Professionalism boost

Why do some individuals view corruption as a 'sinful' act?

It is perceived as a wrongdoing Signup and view all the answers

Who are cited as having good opportunities to extract extra income in corrupt practices?

Lower operational staff in government service Signup and view all the answers

What is often believed to be lost if individuals do not engage in occasional gift-giving or bribery?

Job opportunities Signup and view all the answers

What is a common illegal practice that is often associated with corruption?

Money laundering Signup and view all the answers

Who can be involved in corruption according to the text?

Individuals and businesses Signup and view all the answers

Which scenario describes bribery as mentioned in the text?

A salesman offering incentives to secure business deals Signup and view all the answers

What is the impact of corruption on vulnerable populations?

Exacerbation of inequalities and suffering Signup and view all the answers

What is the main motivation behind corruption according to the text?

Personal financial gain Signup and view all the answers

In what way does extortion manifest itself in corrupt practices?

Local officials demanding bribes for providing essential services Signup and view all the answers

What is an example of over-persuasion in selling a product?

Convincing a person to buy what he does not need just because he has the money to spend Signup and view all the answers

What unethical practice involves holding directorial positions in two or more companies doing business with each other?

Interlocking Directorship Signup and view all the answers

In what unethical practice does a person with access to confidential information use it to trade in shares and securities of a corporation for personal gain?

Insider Trading Signup and view all the answers

What form of unethical practice involves huge per diems and bonuses that are not commensurate with the services provided?

Plain graft Signup and view all the answers

Which unethical practice involves convincing someone to make a purchase based on intense emotional agitation?

Playing upon intense emotional agitation to convince a person to buy Signup and view all the answers