When corruption is present in the business environment:
A) company leaders may threaten competitors and minimize competition.
B) factories are easier to build without a government permit.
C) it promotes fair competition.
D) laborers can make more money.

Question

Quizplus · Accepted Answer

Governments should help to minimize corruption in business for several reasons. It's hard to do business in many poor countries because the governments ignore corruption among businesses and the governments are also corrupt. It's very difficult in such countries to get permission to build a factory or open a store without a government permit, which is obtained largely through bribery of public officials. Among businesses themselves, leaders can threaten competitors and minimize competition.

When Corruption Is Present in the Business Environment