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Economics

Yet another torrential rainstorm has smashed into the city of Houston, causing severe flooding conditions and property damage. The municipal government signs a contract with a local construction company named Texas Water Works (TWW) to expand a Bayou drainage system in the most heavily damaged neighborhoods. At first, all stakeholders are pleased with the contract. However, before construction begins, a pair of disturbing revelations disrupts the TWW's development plans. First, a local environmental group launches a series of protests about a threatened bat colony that is discovered under bridges across the construction site. Next, a local news station breaks an investigative story that representatives of TWW may have paid a financial "gratuity" to a government official shortly before the official approved the environmental terms of the project. How would you respond as the Chief Executive Officer, TWW? Please answer thoroughly!!!