Certified Supply Chain Professional (CSCP) Practice Exam

What is the definition of commercial bribery?

1. Payment for favorable treatment in business

2. Covering up for an inferior product or obtaining new or secret information

3. Influencing government contracts

4. Bribing officials to gain market access

The correct answer is: Covering up for an inferior product or obtaining new or secret information

The definition of commercial bribery refers to the act of providing payment or other incentives to a person or organization in a business context to achieve favorable treatment. The most appropriate description for commercial bribery is the practice of making payments for favorable treatment in business. This involves a company or individual offering something of value with the intention to influence a business decision or secure an advantage over competitors, often in a way that is unethical or illegal. In the context of commercial bribery, it's important to differentiate it from related concepts. While some options might touch upon corrupt practices, they do not specifically encapsulate the essence of what commercial bribery entails. For instance, the idea of covering up for an inferior product or obtaining new or secret information does not align directly with bribery itself; instead, it may fall under broader unethical corporate practices or fraud. Similarly, influencing government contracts or bribing officials to gain market access represents forms of corruption that may involve bribery but are not exclusively classified as commercial bribery, which primarily deals with business transactions rather than government dealings. Therefore, the first choice accurately reflects the core of commercial bribery as it encompasses the act of providing payments to gain favorable business outcomes.