Which statements about grease payments, bribes, and offsets are true?
A) Grease payments involve small amounts of money paid to facilitate employees to do their jobs, usually paid to lower-level employees.
B) Bribes are given to business and government officials for the purpose of getting or maintaining business, usually paid to high-level officials to buy products.
C) All are considered illegal in the U.S. However, under U.S. law, grease payments are not considered illegal in foreign countries.
D) Contingences are government requests to fund non-business projects as a prerequisite to conducting business.
E) Offsets and extortion are basically the same thing.

Question

Quizplus · Accepted Answer

Grease payments are small amounts of money paid to facilitate employees to do their jobs, usually paid to lower-level employees. Bribes are given to business and government officials for the purpose of getting or maintaining business, usually paid to high-level officials to buy products. All three - grease payments, bribes, and offsets - are considered illegal in the U.S. However, under U.S. law, grease payments may be legal in foreign countries. Contingencies and offsets are different things - contingencies are government requests to fund non-business projects as a prerequisite to conducting business, while offsets involve the purchase of goods or services as a condition of a sale. Extortion is also not the same as offsets - it involves the use of threats or violence to obtain something from someone.

Which Statements About Grease Payments, Bribes, and Offsets Are True