The ______ of 1977 Was Designed to Prohibit the Payment

question 91

Multiple Choice

The ______ of 1977 was designed to prohibit the payment of any money or anything of value to foreign officials, foreign political parties, or any candidate for foreign political office for purposes of obtaining, retaining, or directing business.

• A)Foreign Illegal Practices Act
• B)Foreign Corruption Issues Act
• C)Foreign Corruption Law Act
• D)Foreign Bribery Practices Act
• E)Foreign Corrupt Practices Act

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Definitions:

Net Payroll

The total amount of wages paid to employees after the deduction of taxes and other withholdings.

IFRS

International Financial Reporting Standards, which are designed to bring consistency to accounting language, practices, and statements on a global scale.

Expected Loss

An estimated amount a company anticipates losing due to credit risk or other potential business risks.

Lawsuit

A legal action taken by one person or entity against another person or entity, typically in a court of law, over a dispute.