The Foreign Corrupt Practices Act of 1977 (FCPA)

question 46

Multiple Choice

The Foreign Corrupt Practices Act of 1977 (FCPA) :

• A) makes it unlawful for an American company or its agents to offer or give anything of value to a foreign official for the purpose of influencing the official's acts or decisions.
• B) requires that American companies in foreign countries adhere to the same health and safety standards in that country as they do in the U.S.
• C) outlaws American business from engaging in business in countries, which, as determined by the Department, have governments "repugnant to American law and social values."
• D) None of these is correct.

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Definitions:

Pre-Specified Period

A defined time frame agreed upon or determined before the start of a certain process or event.

Discounted Payback Period

The time it takes to break even from an investment based on the present value of its cash flows.

Projects

Specific tasks or endeavors undertaken by individuals or organizations to achieve particular goals, often involving a series of planned actions or steps.

Payback

Payback period refers to the time it takes for an investment to generate enough cash flow to recover its initial cost.