An exchange between two partners (the demander and the supplier which (a) has an influence on the allocation of resources either immediately or in the future; and (b) involves the use or abuse of public or collective responsibility for private ends. That is the definition of
A) customs.
B) accepted norms.
C) corruption.
D) legislation.

Question

Quizplus · Accepted Answer

The definition given describes corruption, which involves the misuse of public or collective responsibility for private gain or benefit at the expense of others. This kind of behavior has significant implications for the proper allocation of resources and can have harmful effects on society as a whole. Customs and accepted norms may influence behavior, but they do not necessarily involve the misuse of public authority or resources. Legislation refers to laws and regulations that govern behavior and may help to control corruption, but it is not itself an example of corrupt behavior.

An Exchange Between Two Partners (The Demander and the Supplier