Practice mode Basic of Economics

In contracting, what is the term for secret payments made to ensure that a contract goes to a particular firm?

Correct answer B. Kickback

Explanation

A kickback is an illicit payment returned to someone who helped award a contract, a form of bribery that rewards them for steering business to a chosen firm.

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In contracting, what is the term for secret payments made to ensure that a contract goes to a particular firm?

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In contracting, what is the term for secret payments made to ensure that a contract goes to a particular firm?

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