Question

Brain Wing Inc. has won the bid to build airplanes for a host country government. However, the execution of the contract has been delayed due to certain unproductive, bureaucratic procedures in the less developed nation. In order to legally overcome this problem, Brain Wing Inc. could resort to the payment of:

A. customs duties. B. excise taxes.
C. expatriation taxes. D. speed money.
E. repatriation fees.

Answer 1

The correct answer is letter "D": speed money.

Step-by-step explanation:

Speed money or "greasy payments" are amounts of money a company provides to low-rank officers to expedite the documentary flow of certain processes. Even if it seems like bribery, speed money is sometimes legal but the firm must record all the activity and avoid making payments with no supervision.

Answer 2

D. speed money.

Step-by-step explanation:

Speed money or grease money are monies payed to fasten a routine process. For example to gain approval for a project, to clear a shipment.

Speed money differs from bribery because the end result is something that will be done with or without the speed money, so it is given to speed the process along.

Sometimes speed money is obligatory. To show it was payed legally documentation should be done.