You are the CEO of a startup company that imports goods from Bangladesh for resale. The company really needs strong sales this month in order to stay in business. The problem is that your export agent in Bangladesh called and requested $10,000 to use as a bribe in order to get the goods to the US in time. Without paying the bribe, there is a very good chance you will be out of business. This would cause you to have to lay off your entire staff of five. What do you do?

You are the CEO of a startup company that imports goods from Bangladesh for resale. The company really needs strong sales this month in order to stay in business. The problem is that your export agent in Bangladesh called and requested $10,000 to use as a bribe in order to get the goods to the US in time. Without paying the bribe, there is a very good chance you will be out of business. This would cause you to have to lay off your entire staff of five. What do you do?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 77P

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