Understanding Bribery and Gift Policies

The video tutorial explains the concept of bribery, highlighting that it can be any valuable item or promise intended to unduly influence an official. It discusses common forms of bribery, such as gifts and hospitality, and emphasizes the importance of understanding company policies and legal responsibilities. The tutorial outlines guidelines for acceptable gifts and hospitality in a business context, stressing that ignorance of the law is not an excuse. It also identifies unacceptable practices, such as receiving gifts during purchase decisions or exclusive offers, and advises against accepting cash or travel payments from external parties.

What is considered bribery according to the video?

• Only large sums of money

• Any promise or offer of a gift with the intention to influence

• Any transfer of funds

• Only expensive gifts

What is the key factor in determining if a gift is considered bribery?

• The timing of the gift

• The recipient of the gift

• The intention behind the gift

• The monetary value of the gift

Which of the following is a common form of bribery?

• Providing gifts and hospitality

• Offering a discount

• Offering a job

• Giving a loan

What is an example of a gift that can be exchanged as a gesture of goodwill?

• A personal loan

• A personal favor

• A promotional item

• A large sum of money

What should you do before offering a gift in a professional setting?

• Assume it is acceptable

• Ask your colleagues

• Offer it without any consideration

• Check the company's policies

Why is it important to consult company policies before offering a gift?

• All of the above

• To maintain professional integrity

• To avoid personal liability

• To ensure it is within legal limits

Whose responsibility is it to know the laws and company policies regarding gifts?

• The company's legal team

• The individual employee

• The government

• The HR department

What should be the nature of gifts given during the course of business?

• Secretive and exclusive

• Extravagant and costly

• Nominal and related to work

• Personal and unrelated to work

What type of gifts are considered acceptable in a business context?

• Personal loans

• Meals during business meetings

• Expensive jewelry

• Cash or funds

Which of the following is never acceptable as a gift in a business setting?

• A meal during a business meeting

• A promotional item

• Cash or funds

• A holiday card