Key Terms
Three advantages
1. Forces people in the firm to think through their mission and obligations 2.
Definition
A situation where an individual or organization has multiple competing interests that make it difficult to act on behalf
Forms of bribery
Tips, gifts, favors, discounts, waived fees, free travel, tickets, campaign contributions, stock options, promotions.
Cultural complexity
What counts as bribery varies across cultures and legal systems. Political campaign contributions are criminal in some c
Purpose
To encourage cooperation in an illegal scheme.
GREENWASHING
When companies exaggerate or misrepresent the environmental impact of their actions; or market products as eco- friendly