3. Terrance is the Financial and Administration Manager for a U.S. company doing business in West Africa. He is stationed in West Africa. His office has to handle the importing of various materials and equipment. This is a routine Business Conduct 167 process, but it is slow. By making nominal payments to the low-level officials involved, the process moves much faster. Terrance has set up a procedure that specifies payment limits and requires his prior approval for amounts above those limits. The payments are accounted for on expense reports or through other documentation in the financial system. Is this process ethical

(explain)?