The Foreign Corrupt Practices Act of 1977 Makes It Illegal

question 67

Multiple Choice

The Foreign Corrupt Practices Act of 1977 makes it illegal for U.S. firms to

• A) attempt to make large payments or bribes to influence policy decisions of foreign governments.
• B) offer foreign businesses any type of incentive for purchasing their company's products and services.
• C) change their ethical standards when dealing with foreign firms.
• D) give even small tips or gifts in countries where such gifts are customary business practices.
• E) introduce any type of corruption into foreign businesses that have higher ethical standards than those of the U.S. firm.

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Definitions:

Deposit

A sum of money placed in trust or paid as a first installment on the purchase of something or as a guarantee of the buyer's intent to complete the purchase.

Refused Delivery

A situation where the recipient refuses to accept delivery of goods or packages.

Remedies

Legal means or measures available to a party to enforce a right or redress a harm or violation.

Specific Performance

A legal remedy requiring a party to fulfill their exact obligations under a contract, rather than simply providing monetary damages for failure to do so.