题目

X plc is trying to get a trading permit, for which it qualifies. Unfortunately, there is a backlog at the

issuing office, and X plc has been notified that there will be a delay in the processing of its permit. The divisional manager

offers a donation to the issuing office's staff welfare fund, if the official concerned will expedite the paperwork.

Which of the following statements is true of this action?

A

It is not unethical, because the money is offered for positive purposes.

B

It is not unethical, because X plc is legally entitled to the benefit it is claiming.

C

It constitutes bribery.

D

It constitutes grease money.

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Chapter19Ethicalconsiderations

Rationale: Grease money refers to payments for benefits to which the company is legally

entitled-just to 'oil the wheels'. Bribery is payment for benefits to which the company is not legally entitled - to 'bend the rules'! In either case, this is unethical (and in some situations, illegal)-regardless of the legitimacy of the claim or the purposes to

which the payment is (supposedly) put.

Pitfalls: Know the difference between extortion, bribery, grease money, gifts and hospitality.

多做几道

Monetary policy is a government economic policy relating to:

1 Interest rates

2 Taxation

3 Public borrowing and spending

4 Exchange rates

Which of the above are correct?

A

1 and 4

B

 2 and 3

C

2 and 4

D

3 and 4

Which of the following organisations might benefit from a period of high price inflation?

A

An organisation which has a large number of long-term payables

B

An exporter of goods to a country with relatively low inflation

C

A large retailer with a high level of inventory on display and low rate of inventory turnover

Which of the following are the goals of macroeconomic policy?

1 Encouraging economic growth

2 Low unemployment

3 Achievement of a balance between exports and imports

4 Achieving zero inflation

A

1 and 2

B

2 and 3 

C

2, 3 and 4

D

1, 2 and 3

Which of the following is an example of cyclical unemployment?

A

The entry of school leavers into the labour pool each year

B

Lay-offs among agricultural labourers in winter

C

Automation of ticketing services in tourism

D

Recession in the building industry

A surplus on the balance of payments usually refers to a surplus or deficit on the account.Which word correctly complete this statement?

A

Current

B

Capital

C

Financial

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