Homework Help: Questions and Answers: Business Ethics in TCS Assessment: We do not make monetary payments to seek favours but it is ok to roule such payments through our sub contractors.
a) True
b) False
Answer:
The statement provided in the question addresses the ethical practice of making monetary payments to seek favors indirectly through subcontractors. To determine the correct answer, we need to evaluate this scenario against common business ethics principles.
Step-by-Step Answering
Understanding the Statement:
- The statement suggests that direct monetary payments to seek favors are not permitted.
- However, it implies that making these payments through subcontractors might be acceptable.
Ethical Principles in Business:
- Integrity: Businesses should conduct their activities with honesty and transparency.
- Fairness: All actions and decisions should be made fairly, without seeking undue advantage.
- Compliance with Laws: Companies must comply with anti-bribery and anti-corruption laws, which prohibit any form of bribery, whether direct or indirect.
Anti-Bribery and Anti-Corruption Laws:
- These laws typically prohibit both direct and indirect payments made to seek improper advantages. Using subcontractors to make such payments would still be considered unethical and illegal.
Implications of Indirect Payments:
- Routing payments through subcontractors to seek favors undermines the principles of transparency and fairness.
- Such actions could lead to legal penalties and damage the company’s reputation.
Final Answer
Considering the above points, making monetary payments to seek favors, whether directly or indirectly through subcontractors, is unethical and typically against company policies and laws.
Therefore, the correct answer is:
b) False
The statement is false because ethical business practices prohibit seeking favors through monetary payments, regardless of whether they are made directly or indirectly through subcontractors.
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