Which Regulation Attempts to Eliminate Bribes in International Business Transactions

question 114

Multiple Choice

Which regulation attempts to eliminate bribes in international business transactions?

• A) Foreign Corrupt Practices Act
• B) Helms-Burton Act
• C) Alien Tort Claims Act
• D) the Anti-Bribery Convention of the OECD
• E) Disclosure of Conflict Act

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Definitions:

Operating Expenses

Operating expenses are the costs associated with the day-to-day operations of a business, excluding direct production costs, such as rent, utilities, and payroll.

Cost of Goods Sold

Costs directly connected to the creation of a company's sold goods, covering materials and workforce expenses.

Profit Center

A branch or division of a company that is responsible for its own revenues and expenses, and thus its own profitability.

Generates Revenues

The process of creating income for a business through various activities such as sales, services, and investments.