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3.1 Define the following concepts:
e-Business
Nepotism
Cronyism
Embezzlement
Bribery​


Sagot :

e-Business- Online Business or e-business is any kind of business or commercial transaction that includes sharing information across the internet.

Nepotism- the practice among those with power or influence of favouring relatives or friends, especially by giving them jobs. For example your dad giving you a job

Cronyism- the appointment of friends and associates to positions of authority, without proper regard to their qualifications.

Embezzlement- theft or misappropriation of funds placed in one's trust or belonging to one's employer.

Bribery- Bribery is defined by Black's Law Dictionary as the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty.

Hope this helps :))

What is an e-Business?

An e-Business refers to an internet-based marketplaces that facilitate buying and selling of goods between merchants and customers.

What is Nepotism?

Nepotism refers to an act of granting of favour to one's relatives.

What is Cronyism?

Cronyism refers to an act of showing favoritism to one's friends when appointing for new positions

What is Embezzlement?

Embezzlement refers to a misappropriation of public funds by an employee, official etc

What is Bribery?

Bribery refers to an act of offering something of value to another person in order to receive something in exchange

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