What term describes giving or receiving inducements to influence official duties?

The term that accurately describes giving or receiving inducements to influence official duties is bribery. Bribery involves offering something of value, such as money, gifts, or services, to someone in a position of authority or influence in order to sway their decisions or actions in favor of the person providing the inducement. This illegal act undermines the integrity of public and private institutions by compromising impartiality and fostering corruption.

Understanding bribery is crucial in business law, as it represents a violation of ethical standards and legal statutes designed to ensure fair practices in governmental and corporate affairs. Bribery can lead to severe legal consequences for both the giver and the receiver, including criminal charges, fines, and imprisonment.

The other terms presented generally refer to various forms of illegal activities but do not specifically capture the essence of influencing official duties through inducements.