The Foreign Corrupt Practices Act

question 216

Multiple Choice

The Foreign Corrupt Practices Act

• A) makes it a crime for U.S. corporations to bribe an official of a foreign government or political party to obtain or retain business in a foreign country.
• B) has different levels of punishment based upon the relative economic power of the host nation.
• C) regulates only the behavior of U.S. businesses conducting business within the United States.
• D) makes the theft of trade secrets by foreign entities a federal crime in the United States.
• E) is a unilateral agreement the United States made with several developing nations.

Recognizing the effect of various biases on decision-making, including hindsight, risky shift, and conservative shift.

Understanding the role of emotion and motivation in whistleblowing and protest of decision errors.

Understand the concept of meta-analysis and its role in summarizing multiple independent research studies.

Recognize the importance of scientifically conducted, peer-reviewed research as good evidence in decision-making.

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Definitions:

Equity Method

An accounting technique used by firms to assess the profits earned from their investments in other companies by recording such profits in proportion to their ownership stake in the invested company.

Consolidation

The process of combining the financial statements of a parent company with those of its subsidiaries to create a single set of financials.

Intra-Entity Transfer

Transactions of goods, services, or funds that occur between departments or divisions within the same company or organization.

Consolidation

The process of combining financial statements of a parent company with its subsidiaries to present as if the group of companies is a single economic entity.