Government contracts account for the majority of Alice's business, which she owns as a contracting firm. A new procurement official with a government organisation makes an implied threat to Alice that she won't receive any further contracts if she doesn't offer him a bribe for her most recent deal. Alice's company will shut down if she loses further customers. She bribes the police reluctanly. Has Alice broken any rules? A. Alice was not under financial pressure, thus the answer is yes. B. Insofar as being the victim of extortion does not excuse paying a bribe. C. No, since Alice was struggling financially. D. No, because the bribe wasn't suggested by Alice
Government contracts account for the majority of Alice's business, which she owns as a contracting firm. A new procurement official with a government organisation makes an implied threat to Alice that she won't receive any further contracts if she doesn't offer him a bribe for her most recent deal. Alice's company will shut down if she loses further customers. She bribes the police reluctanly. Has Alice broken any rules? A. Alice was not under financial pressure, thus the answer is yes. B. Insofar as being the victim of extortion does not excuse paying a bribe. C. No, since Alice was struggling financially. D. No, because the bribe wasn't suggested by Alice
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Government contracts account for the majority of Alice's business, which she owns as a contracting firm. A new procurement official with a government organisation makes an implied threat to Alice that she won't receive any further contracts if she doesn't offer him a bribe for her most recent deal. Alice's company will shut down if she loses further customers. She bribes the police reluctanly. Has Alice broken any rules? A. Alice was not under financial pressure, thus the answer is yes. B. Insofar as being the victim of extortion does not excuse paying a bribe. C. No, since Alice was struggling financially. D. No, because the bribe wasn't suggested by Alice.
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