If a USCompany Pays a Customs Official an Extra US$100 to Speed

question 93

Multiple Choice

If a U.S.company pays a customs official an extra US$100 to speed up the clearance of their shipment of US$1 million of goods through customs,it is ____.

• A)a violation of the American Overseas Bribery Act
• B)not a violation of the American Overseas Bribery Act
• C)a violation of the U.S.Foreign Corrupt Practices Act
• D)not a violation of the U.S.Foreign Corrupt Practices Act

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Definitions:

Fixed Costs

Fixed overheads, including rental costs, salary payments, and insurance fees, that stay unchanged with fluctuations in production or sales figures.

Required Units

The quantity of products or services that must be produced or sold to meet a specific target or fulfill a certain demand.

Variable Expenses

Costs that change in proportion to the activity or volume of operations in a business.

Net Income

The profit of a company after all expenses and taxes have been deducted from total revenue.