Question

List the factors that help establish the ethics (and legality) of gift giving and receiving.

a) Nature of the gift, timing, and cultural norms
b) Recipient's position, cost, and personal preferences
c) Company policies, intent, and ethical values
d) All of the above

Answer 1

The factors that help establish the ethics (and legality) of gift giving and receiving include the nature of the gift, timing, and cultural norms; the recipient's position, cost, and personal preferences; and company policies, intent, and ethical values.

Step-by-step explanation:

The factors that help establish the ethics (and legality) of gift giving and receiving include:

1. Nature of the gift, timing, and cultural norms: The type of gift, the timing of the gift, and the cultural norms surrounding gift-giving play a role in determining the ethics and legality of the act. For example, if a gift violates cultural norms or is given at an inappropriate time, it may be seen as unethical.
2. Recipient's position, cost, and personal preferences: The position of the recipient, the cost of the gift, and the personal preferences of the recipient are also important factors. It is important to consider whether the gift could be perceived as a bribe or a conflict of interest.
3. Company policies, intent, and ethical values: The company policies regarding gift-giving, the intent behind the gift, and the ethical values of the individuals involved are crucial. Companies often have specific policies in place to regulate gift-giving to ensure fairness and transparency.

Therefore, the correct answer is d) All of the above.