The offering, giving, receiving, or soliciting of something of value for the purpose of influencing a business decision without the knowledge or consent of the principal is known as:
A) Official bribery
B) Commercial bribery
C) Conflict of interest
D) Illegal gratuity

Question

Quizplus · Accepted Answer

Commercial bribery is when someone offers something of value to influence a business decision without the knowledge or consent of the principal. Official bribery involves offering something to a public official to influence their actions, while illegal gratuity involves offering something after the fact as a reward for a decision already made. Conflict of interest involves a situation where an individual's personal interests conflict with their professional duties.

The Offering, Giving, Receiving, or Soliciting of Something of Value