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2 February, 14:46

FacilitationBrendon Inc. required a permit to open its business in the country of Cadmia. Although it had met all the requirements for the permit, the officials concerned delayed providing Brendon Inc. with the permit. To expedite the process, the company made a payment to a customs official. Which of the following types of payments is this an example of?

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  1. 2 February, 15:03
    0
    The correct question should be:

    Brendon Inc. required a permit to open its business in the country of Cadmia. Although it had met all the requirements for the permit, the officials concerned delayed providing Brendon Inc. with the permit. To expedite the process, the company made a payment to a customs official. Which type

    of payment is this an example of?

    Answer: Facilitation

    Explanation:

    Brendon Inc payment to the custom official in order to speed up the process for them to obtain a permit, is a form of facilitation payment. A facilitation payment is a kind payment made to speed up a process that would otherwise have taken a longer time.
  2. 2 February, 15:33
    0
    This is a bribe, and it is prohibited by the Foreign Corrupt Practices Act (FCPA) of 1977.

    Bribery is defined as giving money or some other type of consideration to a public official in exchange for benefits received by your business.

    FCPA strictly prohibits any type of bribes given to foreign officials in exchange for small favors like this one or any other type of business advantage.
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