Bribery and Corruption (Part 4 of 5): Business Gifts and Bribes

The video tutorial explains the concept of bribery, emphasizing that any gift or sum of money offered to an official with the intent to influence can be considered a bribe. It highlights the importance of understanding company policies and laws regarding gifts and hospitality in business. Acceptable gifts should be of nominal value and related to business activities. Cash and travel paid by external parties are discouraged. The tutorial stresses the need for awareness and compliance with legal and company standards to avoid unethical practices.

What constitutes a bribe according to international conventions?

• Only large sums of money

• Any gift or promise with undue influence

• Only expensive cars

• Only when funds are transferred

In the context of business, what is a gift intended to do?

• To show dominance

• To give pleasure or show gratitude

• To ensure a business deal

• To replace a contract

What should be considered before offering a gift to a government official?

• The official's personal preferences

• The value of the gift

• The company's policies and laws

• The location of the official

Which of the following is considered an acceptable business gift?

• Meals during business meetings

• Intercity travel paid by a vendor

• Cash or currency

• Exclusive gifts during purchase decisions

Why should gifts received during a purchase decision be avoided?

• They are not memorable

• They are too expensive

• They may influence the decision unfairly

• They are not related to business