5. Ralph is the Director of Business Development for a large construction firm.

He is trying to get on the bid list for the construction of a large upscale highrise condo project, which is to be built by Gerald’s Company. Ralph invites Gerald to lunch at the Ritz Bistro. The total bill is $75 with tip, well within the Gift and Entertainment Policy of Ralph’s firm. Is this proper business conduct? Is this a commonly accepted business practice? To the best of your knowledge, does this violate any regulations or laws?