題目

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.

多做幾道

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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