Formal policy regarding the acceptance of gifts


Question:

Please help with the following problem. Provide at least 100 words in the solution.

Your company has a 100 million dollar contract to award to a vendor. The choice is between company A and company B. You provide your input to your boss who makes the final decision and chooses company B. At a congratulatory dinner, while making small talk, you mention to a representative of company B that you really want to get a flat screen TV but are waiting for prices to fall. The next week a 50" plasma TV arrives at your door with a card that says:

"Best wishes and Thanks"

Company B

Your company has no formal policy regarding the acceptance of gifts. What do you and why?

Solution Preview :

Prepared by a verified Expert
Business Law and Ethics: Formal policy regarding the acceptance of gifts
Reference No:- TGS01761420

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)