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"
Your company has no formal policy regarding the acceptance of gifts. What do you and why?© BrainMass Inc. brainmass.com June 3, 2020, 9:04 pm ad1c9bdddf
The best thing to do is to return the TV because this could be seen as a bribe. The fact that Company B signed the card "Thanks," shows that this is not just a minor gift. Also, while ...
This solution helps with a business law problem. The issue discussed is the formal policy regarding the acceptance of gifts. The explanation is given in 132 words.