The Foreign Corrupt Practices Act Requires That All U

question 155

Multiple Choice

The Foreign Corrupt Practices Act requires that all U.S. corporations under the juris-diction of the Securities and Exchange Commission

• A) have at least one foreign subsidiary.
• B) maintain accounting records of foreign branches and subsidiaries in the local foreign currency.
• C) maintain an adequate system of internal control.
• D) must file reports with the National Commission on Fraudulent Financial Reporting.

---

Definitions:

Increased

Describes a situation or quantity that has grown or become larger or greater in size, amount, intensity, or degree.

Separated Couples

Partners who have chosen to live apart but are not legally divorced; this can be a temporary or long-term arrangement often preceding divorce.

Get Back Together

The act of re-establishing a romantic relationship between individuals who had previously parted ways.

Fantasize

To imagine or create vivid pictures in one's mind about desires or scenarios that are not currently real.