Ethical Business Practices: Gift Giving and Hospitality in the Workplace

The video discusses the role of gifts and hospitality in business, emphasizing the importance of maintaining ethical standards. It defines business gifts and hospitality, explaining their potential to build relationships or be misused for manipulation. The video provides examples of appropriate and inappropriate gifts, highlighting the importance of intentions. It also covers reasons for rejecting inappropriate gifts and the legal implications of gift giving, referencing anti-bribery laws like the FCPA and OECD conventions.

What is the primary responsibility of an employee when it comes to accepting gifts in a business setting?

• To only accept gifts from close friends

• To ensure gifts do not compromise ethical standards

• To accept all gifts to maintain good relationships

• To accept gifts only during holidays

Which of the following best describes a business gift?

• A legal requirement

• A mandatory payment for services

• A gesture of goodwill or thanks

• A form of salary

What is a potential negative implication of giving inappropriate gifts?

• Strengthening business relationships

• Improving company reputation

• Increasing sales

• Undermining customer relationships

Which of the following is NOT an example of business hospitality?

• Meals during business meetings

• Lodging related to business

• Personal vacations

• Sporting event tickets

Why is it important to consider the intentions behind a gift?

• To ensure it is expensive enough

• To determine if it is given to influence decisions

• To check if it is a common practice

• To make sure it is from a well-known brand

What is a common legal consequence of inappropriate gift-giving?

• Increased business opportunities

• Recognition as a top company

• Bribery charges

• Higher employee satisfaction

Which law is mentioned as combating bribery in business practices?

• The Environmental Protection Act

• The Consumer Protection Act

• The Foreign Corrupt Practices Act

• The Fair Labor Standards Act