answersLogoWhite

0

Paying money (or favors) to a foreign government official in order to receive favorable treatment that, through their government position, they are able to offer.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Political Science

Bribery of foreign government officials is both ethical and legal issue?

Bribery of foreign government officials is unethical and illegal. It undermines fair competition, distorts markets, and erodes trust in institutions. Many countries have laws in place, such as the Foreign Corrupt Practices Act in the US, to prohibit bribery of foreign officials.


What does the 1978 Foreign Corrupt Practices Act prohibit US companies from doing?

The 1977 FCPA prohibits the bribery of most officials of foreign governments if the purpose of the payment is to get the official to provide business opportunities. The act was then amended and permits payments to foreign officials if these payments are lawful within the particular foreign country. The amended act also doesn't prohibit payments to private foreign companies of third parties unless the U.S. firm is aware that these payments will be passed on to a foreign government in violation of the FCPA.


Does the constitution mention titles of nobility and bribery of officials?

Yes, Article I, section 9, clause 8 No title of Nobility shall be granted in the United States: And no person holding any office of profit or trust under them, shall, without the consent of congress, accept any present, Emolument, Office, or title, of any kind whatever, from any king, prince, or foreign state. * source: United State's constitution.


Why is bribery and corruption rampant in Nigeria?

Bribery and corruption in Nigeria are deeply rooted in systemic issues such as weak institutions, poor governance, low salaries for public officials, and lack of accountability. Additionally, a culture of impunity has allowed corrupt practices to persist unchecked. These factors create an environment where bribery and corruption thrive.


Does us Marketers engage in bribery to compete with foreign firms?

No, engaging in bribery is unethical and illegal. Marketers should compete based on the value of their products or services, not through dishonest or corrupt practices. Companies that engage in bribery risk damaging their reputation and facing legal consequences.

Related Questions

Bribery of foreign government officials is both ethical and legal issue?

Bribery of foreign government officials is unethical and illegal. It undermines fair competition, distorts markets, and erodes trust in institutions. Many countries have laws in place, such as the Foreign Corrupt Practices Act in the US, to prohibit bribery of foreign officials.


When elected officials accept kickbacks what of behavior are they engaging in?

When elected officials accept kickbacks they're engaging in bribery or corruption.


What does the acronym FCPA stand for?

The acronym, FCPA, can stand for many things. One thing it can stand for is Foreign Corrupt Policies Act. The FCPA is a Untied States Act that makes sure accounting is done correctly and watches for any bribery of foreign officials.


When elected officials accept kickback what kind of behavior they are engaging in?

When elected officials accept kickbacks they're engaging in bribery or corruption.


What does the 1978 Foreign Corrupt Practices Act prohibit US companies from doing?

The 1977 FCPA prohibits the bribery of most officials of foreign governments if the purpose of the payment is to get the official to provide business opportunities. The act was then amended and permits payments to foreign officials if these payments are lawful within the particular foreign country. The amended act also doesn't prohibit payments to private foreign companies of third parties unless the U.S. firm is aware that these payments will be passed on to a foreign government in violation of the FCPA.


What did the railroad barons aroused considerable public opposition by practices such as?

stock watering and bribery of public officials


Does the constitution mention titles of nobility and bribery of officials?

Yes, Article I, section 9, clause 8 No title of Nobility shall be granted in the United States: And no person holding any office of profit or trust under them, shall, without the consent of congress, accept any present, Emolument, Office, or title, of any kind whatever, from any king, prince, or foreign state. * source: United State's constitution.


Why is bribery and corruption rampant in Nigeria?

Bribery and corruption in Nigeria are deeply rooted in systemic issues such as weak institutions, poor governance, low salaries for public officials, and lack of accountability. Additionally, a culture of impunity has allowed corrupt practices to persist unchecked. These factors create an environment where bribery and corruption thrive.


Does us Marketers engage in bribery to compete with foreign firms?

No, engaging in bribery is unethical and illegal. Marketers should compete based on the value of their products or services, not through dishonest or corrupt practices. Companies that engage in bribery risk damaging their reputation and facing legal consequences.


Public officials is directly involved with U.S. foreign policy?

The US Secretary of State and the rest of the US Foreign Service (diplomat core) are public officials directly running and organizing US foreign policy.


What public officials is directly involved with US foreign policy?

The US Secretary of State and the rest of the US Foreign Service (diplomat core) are public officials directly running and organizing US foreign policy.


Had the right to conduct foreign policy and name officials and judges?

monarchs