Question

4. The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions excludes:

a. Bribes made to secure contracts that would otherwise not be secured

b. Grease payments to gain exclusive preferential treatment

c. Facilitating payments to expedite routine government action

d. Payments to government officials for special privileges

5. Certification as a schedule B corporation would likely not involve:

a. A focus on environmental sustainability in the organization

b. Assuring that the needs of external stakeholders are considered when making decisions.

c. Making sure that the company is only focused on shareholder wealth maximization

d. Giving employees a voice in the management of the organization

e. An assurance that the firm has a commitment to corporate social responsibility.

6. If a country having balance of payments problems gets a loan from the IMF, they are likely required to:

a. Give tax cuts to local corporations and wealthy elites

b. Use funds to send money to individual citizens

c. Adopt specific economic policies to achieve stabilization

d. Allow developed nations firms to engage in FDI in their country

e. Raise tariffs against inputs

Answer 1

Question 4)

c. Facilitating payments to expedite routine government action

Bribery of a foreign public official refers to bribes or promise of bribes to the official for the promise that the official acts or refrains from acting in relation to preformance if the duties in order to get an undue advantage in business.

This does not state bribery for acting to get routine govt. done faster.

Question 5) c. Making sure that the company is only focused on shareholder wealth maximization

Certified B corporations are set up to meet social and environmental performance levels with the twin goal of alancing profit and purpose. So this organisation cannot be only for weath maximisation of shareholders through profit.

Question 6) c. Adopt specific economic policies to achieve stabilization

When IMF grants loans to tackle default payments or instability it usually calls for austerity measures which are economic policies which help in bringing balance to the budget through various fiscal measures.