The Foreign Corrupt Practices Act of 1977 Was Primarily Established

question 76

Multiple Choice

The Foreign Corrupt Practices Act of 1977 was primarily established to ________.

• A) help U.S. managers distinguish between harmless customs and actual bribery
• B) combat corruption initiated by U.S. electronics firms and their subsidiaries
• C) provide U.S. managers with anonymous methods for reporting bribery
• D) prosecute international extortionists under the U.S. legal system

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Definitions:

Dividends

Financial distributions to a corporation's shareholders, usually coming from the business's earnings.

Quantity Variance

A variance that is computed by taking the difference between the actual quantity of the input used and the amount of the input that should have been used for the actual level of output and multiplying the result by the standard price of the input.

Standard Quantity

The expected or planned amount of materials or inputs required for the production of a unit of product, based on efficient operations.

Actual Quantity

The real amount or volume of inputs used in the production process, as opposed to the amount budgeted or planned.