Question

SolarCorp. won the bid to build an energy facility for a host country government. However, the execution of the contract has been delayed due to bureaucratic procedures in the less developed nation. In order to legally overcome this problem, SolarCorp. could resort to the payment of _______.
A. customs duties.B. excise taxes.C. expatriation taxes.D. speed moneyE. repatriation fees.

Answer 1

Answer:

Speed Money

Explanation:

Speed money can be defined as money that is paid to speed up the process of getting something approved or expecting an action. Speed money is considered a normal part of business in some institutions. They are payments for activities that will eventually be carried out. This is different from bribery where a person pays money to obtain illegal advantage from people in position of power.

Execution of the contract for Solar corp is being delayed due to bureaucracy. It will eventually be executed but is being delayed.

Speed money is a legal way to speed up the process of execution of the contract.