The Foreign Corrupt Practices Act of 1977 (FCPA)

question 82

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 the above.

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Definitions:

Commercial Purpose

Activities, projects, or transactions intended for business interests or financial gain, as opposed to personal or non-profit endeavors.

Merchant's Choice

In the context of credit card processing, it refers to a retailer's ability to choose which payment networks or cards they accept.

Sale Of Goods

The transaction between parties for the exchange of tangible and movable items for a price.

Natural Gas

A fossil fuel formed from the remains of plants and animals, used as an energy source due to its combustibility for heating, electricity generation, and as fuel for vehicles.