Brendon Inc. required a permit to open its business in a foreign country. Although it had met all the requirements for the permit, the officials delayed providing Brendon Inc. with the permit. To expedite the process, the company made a payment to a high-ranking official who has the authority to grant the permit. Which of the following types of payment does this scenario exemplify?

Question

Quizplus · Accepted Answer

The scenario exemplifies facilitation payment, which is a type of payment made to expedite routine government procedures or obtain permits or licenses. It is also sometimes referred to as a "grease payment."