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.

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