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?

<p>Harm to society as a whole (D)</p> Signup and view all the answers

What types of practices can involve corruption?

<p>Unethical and illegal practices (A)</p> Signup and view all the answers

What characterizes nepotism and favoritism?

<p>Linked to personal relationships rather than merit (D)</p> Signup and view all the answers

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

<p>Misuse of financial resources (B)</p> Signup and view all the answers

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

<p>Nepotism involves favoring family members, while favoritism involves favoring specific individuals (C)</p> Signup and view all the answers

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

<p>Unfair distribution of resources (A)</p> 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?

<p>The sector is highly profitable and has large financial interests (C)</p> 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?

<p>The industry is highly regulated and transparent (B)</p> Signup and view all the answers

What is the main difference between money laundering and corruption?

<p>The line between money laundering and corruption is razor thin (A)</p> 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?

<p>The sector is highly regulated, with clear rules for public tenders and contracts (A)</p> Signup and view all the answers

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

<p>Environmental pollution is covered separately in the ESG course, and is not directly related to corruption (C)</p> Signup and view all the answers

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

<p>Manipulating procurement procedures (A)</p> 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?

<p>Political instability leads to a lack of control mechanisms and weak institutions (B)</p> Signup and view all the answers

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