BSB119 Lecture Notes - Westernization, Capital Outflow, Pacific Brands
Document Summary
Due to the group assignment being due on monday (9/5), we spent approximately 10 minutes out of the tutorial time covering these questions. In many countries it is customary to give gifts to business partners. Is giving a gift the same as bribery? (3 marks) Bribery is a form of corruption which results where a gift or money is given which alters the behaviour of the receiver. In many countries, bribery is against the law. However, what constitutes a bribe can differ from culture to culture. In many countries, gift giving is seen as an important part of the relationship building process. For example, in many asian countries not giving a gift is a serious faux pas. European countries giving a gift can be illegal under bribery laws. A clock with a company logo on it is not the same as a weekend skiing in vale in 5-star accommodations.
