Advantages and Disadvantages of Enforcing a Code of Conduct, Questions and Answers

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1. Ethical Issues Bribery is offering, providing or receiving something of value – including cash, gifts, hospitality or entertainment – as an inducement or reward for something improper. Usually, but not always, it’s to obtain or retain business or some other illegitimate advantage.As per any company's policies, Mr Smith is required to decline gifts, financial benefits or other benefits from a supplier for performing official duties. Furthermore, Anita Loo's offer can be perceived as a form of bribery, and by Mr Smith accepting the trip, it may pose as a not only a violation of Practical Solution Pty Ltd's code of conduct, more precisely their fair treatment and equal opportunites policy, but it's also consequently breaking the law concerning business practices. Dogto Ltd. goes against professional ethics by engaging in collusive practices, including offering a Practical Solution Pty. ltd. employee (Mr Smith) inducements or incentives, in the form of a pre-paid trip for him and his family to Los Angeles and Disney World, designed to improperly influence the conduct of their dutie...

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