Four principal types of corruption are discussed. Name all four and explain at least two
Corruption involves an executive, manager, or employee of a business working in collusion with an outsider. The four principal types of corruption are:
Bribery involves giving, offering, soliciting, or receiving things of value to influence an official in the performance of his or her lawful duties.
An illegal gratuity involves giving. receiving, offering, or soliciting something of value because of an official act that has been taken.
A conflict of interest occurs when an employee acts on behalf of a third party during the discharge of his or her duties or has self-interest in the activity being performed.
Economic extortion is the use (or threat) of force (including economic sanctions) by an individual or organization to obtain something of value.
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Which of the following is a valid observation about word of mouth advertisements?
A) It is the one form of advertisement that cannot be controlled by companies because it occurs naturally. B) Social media can be used as a tool to generate positive word of mouth. C) Word-of-mouth strategy will be less effective for smaller organizations. D) Attempts to manage word-of-mouth would lead to negative consequences. E) Organic word of mouth is always positive whereas facilitated word of mouth is negative.
Mark and Jack work as clerks at the New Bank of North America, which they plan to rob
In order to plan and execute the robbery, Mark and Jack obtained the floor plans of the bank and studied the security arrangements and movements of security personnel. They even got weapons, in case force is required, as they plan to rob the bank during working hours. But the police got information about the plan and arrested Mark and Jack, and thus prevented the robbery from taking place. Which of the following crimes has been committed by Mark and Jack? A) criminal conspiracy B) extortion C) money laundering D) larceny