Which of the Following Is True of the Omnibus Trade

question 35

Multiple Choice

Which of the following is true of the Omnibus Trade and Competitiveness Act of 1988 that amended the Foreign Corrupt Practices Act?

• A) A payment to a foreign individual became legal under the act even if it was illegal in the foreign country.
• B) The language of the act was clarified to indicate that payments that secured performance of routine government actions, such as signing customs documents and unloading or loading cargoes, were illegal.
• C) The amendments provided firms with a number of affirmative defenses, including consistency with host country laws and legitimate business expenses.
• D) If a payment were legal in the foreign country, the defendant in an action brought under the act could not use that legality as a defense.

Recognize the use and implications of credit in personal finance, including home mortgages and credit laws.

Differentiate among financial institutions in terms of services, fees, and government insurance.

Understand inflation's impact on the real value of money and strategies to maintain the buying power of savings.

Make informed decisions on managing checking accounts based on fees, minimum balance requirements, and interest rates.

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Definitions:

Outside The Eye

Pertaining to or involving the structures surrounding or adjacent to the eyeball, not part of the eye itself.

Without Jaundice

Refers to conditions or symptoms occurring without the yellowing of the skin and eyes associated with jaundice.

Prefix

An affix placed before a word or stem to modify its meaning, such as 'un-' in 'unhappy' or 'pre-' in 'preview'.

Large

Of considerable or relatively great size, extent, or capacity.