Asked by
Miriam Solis
on Nov 22, 2024Verified
_____ are payments made to speed up the actions that government officials are already bound to perform.
A) Mortgage payments
B) Down payments
C) Facilitation payments
D) Royalty payments
Facilitation Payments
Small payments made to expedite administrative processes or government approvals, often considered a form of bribery in many jurisdictions.
Government Officials
Individuals appointed or elected to positions of authority within government structures to oversee and implement laws and policies.
Mortgage Payments
Regular payments made towards a loan taken to purchase property, typically consisting of principal and interest components.
- Become familiar with the ethical and legal aspects in international commerce activities.
Verified Answer
PC
Learning Objectives
- Become familiar with the ethical and legal aspects in international commerce activities.