Four principal types of corruption are discussed. Name all four and explain at least two.
What will be an ideal response?
Corruption involves an executive, manager, or employee of a business working in collusion with an outsider. The four principal types of corruption are: bribery, illegal gratuities, conflicts of interest, and economic extortion.
Bribery involves giving, offering, soliciting, or receiving things of value to influence an official in the performance of his or her lawful duties.
An illegal gratuity involves giving. receiving, offering, or soliciting something of value because of an official act that has been taken.
A conflict of interest occurs when an employee acts on behalf of a third party during the discharge of his or her duties or has self-interest in the activity being performed.
Economic extortion is the use (or threat) of force (including economic sanctions) by an individual or organization to obtain something of value.
PTS: 1
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What will be an ideal response?
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