The Foreign Corrupt Practices Act (FCPA) Bans

question 62

Multiple Choice

The Foreign Corrupt Practices Act (FCPA) bans:

• A)Bribery to American officials by companies based in other countries.
• B)Bribery to foreign officials by companies based in the United States.
• C) Bribery to all officials everywhere by companies based anywhere.
• D) Bribery to foreign officials by companies based overseas.

Compute and analyze manufacturing margin, contribution margin, and gross margin for decision making.

Understand the concept of fixed and variable costs and their impact on cost accounting.

Identify and explain the differences between variable costing and absorption costing.

Calculate net income under both variable costing and absorption costing.

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Definitions:

Patents

Government-granted exclusive rights to an inventor or assignee for a fixed period of time, in exchange for the public disclosure of an invention.

Tangible Assets

Assets that have physical substance

Trademarks

Symbols, names, or phrases legally registered or established by use as representing a company or product.

Tangible Assets

Assets that have a physical form such as machinery, buildings, and land.