Which of the Following Statements Is True Regarding the Foreign

question 59

Multiple Choice

Which of the following statements is true regarding the Foreign Corrupt Practices Act?

• A) The FCPA cannot be violated only by making an offer for corruption.
• B) The FCPA applies to foreign officials.
• C) Foreign corporations are not directly subject to the FCPA.
• D) The FCPA applies to private sector bribery.

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Definitions:

Profit

The financial surplus remaining after all operating expenses, taxes, and costs have been deducted from total revenue.

Factory Overhead Applied

The allocation of indirect manufacturing costs to produced goods based on estimated or predetermined rates.

Predetermined Factory Overhead Rate

A rate calculated before a period begins, used to allocate estimated overhead costs based on a selected activity base to individual products.

Actual Activity Base

A measure used to allocate costs based on the actual level of activity or usage, often used in budgeting and accounting.