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Understanding Corruption and Its Impact

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Questions and Answers

What is the main consequence of corruption on institutions?

Maintaining the integrity of institutions

Enhancing fair competition

Distorting fair competition (correct)

Promoting economic development

What does bribery involve?

Donating to charitable causes

Offering public services

Giving or receiving money or benefits to influence a person in power (correct)

Promising political positions

Who may be considered a Political Exposed Person (PEP)?

Community service volunteers

People holding positions susceptible to corruption (correct)

Private sector employees

Individuals with no influence in society

What is one of the negative impacts of corruption on society?

Harm to society as a whole Signup and view all the answers

What types of practices can involve corruption?

Unethical and illegal practices Signup and view all the answers

What characterizes nepotism and favoritism?

Linked to personal relationships rather than merit Signup and view all the answers

Which of the following is NOT a key characteristic of nepotism?

Misuse of financial resources Signup and view all the answers

What is the primary difference between nepotism and favoritism according to the text?

Nepotism involves favoring family members, while favoritism involves favoring specific individuals Signup and view all the answers

Which of the following is NOT a key characteristic of clientelism according to the text?

Unfair distribution of resources Signup and view all the answers

What is the primary reason why the oil and gas sector is considered at high risk for corruption according to the text?

The sector is highly profitable and has large financial interests Signup and view all the answers

Which of the following is NOT a reason why the new energy industry is considered at increased risk of money laundering according to the text?

The industry is highly regulated and transparent Signup and view all the answers

What is the main difference between money laundering and corruption?

The line between money laundering and corruption is razor thin Signup and view all the answers

Which of the following is NOT a reason why corruption occurs in the oil and gas sector according to the text?

The sector is highly regulated, with clear rules for public tenders and contracts Signup and view all the answers

What is the relationship between environmental pollution and corruption in the oil and gas sector?

Environmental pollution is covered separately in the ESG course, and is not directly related to corruption Signup and view all the answers

Which of the following is NOT a form of abuse of office according to the text?

Manipulating procurement procedures Signup and view all the answers

What is the primary reason why political instability can contribute to corruption in the oil and gas sector according to the text?

Political instability leads to a lack of control mechanisms and weak institutions Signup and view all the answers