The 1977 Foreign Corrupt Practices Act ________

question 15

Multiple Choice

The 1977 Foreign Corrupt Practices Act ________.

• A)makes it illegal for US firms to make any cash payment for deferential treatment in a foreign transaction
• B)makes it illegal for US firms to make any payment over 5 per cent of total cost toward administrative overhead in foreign transactions
• C)makes it illegal for US firms to knowingly corrupt a foreign official
• D)makes it illegal for US firms to make any payment to foreign clerical or ministerial employees in exchange for service
• E)was repealed in 1992

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Definitions:

Earthquake

A sudden and violent shaking of the ground, sometimes causing great destruction, as a result of movements within the earth's crust or volcanic action.

Prohibitively Expensive

Costs that are so high they discourage or prevent an individual or entity from purchasing a service or product or undertaking an action.

Impossibility of Performance

A legal doctrine that releases parties from their contractual obligations when an event occurs that makes performance objectively impossible.

Absconded

To leave hurriedly and secretly, typically to escape from custody or avoid arrest.