A company you work for has recently applied for financial aid from the National Board of Small Scale Industries (NBSSI). A few days ago, you received notification that the company’s application has been shortlisted. In his excitement, the CEO of your company presented GHS 1,000 to a staff of NBSSI as appreciation for a good work done. Today, you received an e-mail that your application has been revoked owing to bribery. Explain to the company CEO why his ‘appreciation’ was considered as unnecessary and unethical.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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A company you work for has recently applied for financial aid from the National Board of Small Scale
Industries (NBSSI). A few days ago, you received notification that the company’s application has been
shortlisted. In his excitement, the CEO of your company presented GHS 1,000 to a staff of NBSSI as
appreciation for a good work done. Today, you received an e-mail that your application has been revoked
owing to bribery. Explain to the company CEO why his ‘appreciation’ was considered as unnecessary and
unethical.

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