The Transparent Agents Against Contracting Entities (TRACE)standard Was Developed To

question 52

Multiple Choice

The Transparent Agents Against Contracting Entities (TRACE) standard was developed to:

• A) support and respect the protection of international human rights within their sphere of influence.
• B) prevent the shifting of corrupt practices to suppliers and intermediaries.
• C) prevent multinationals from disguising personal payments as consulting fees.
• D) serve as a formal agreement by a host of industrialized nations to outlaw the practice of bribing foreign government officials.

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Definitions:

Probability

The statistical likelihood that a specific event will take place, calculated as a fraction or a percentage between 0% (never happening) and 100% (always happening).

Normal Model

A statistical model, also called the normal distribution, that describes how continuous data is distributed, shaped like a symmetric bell curve.

Standard Deviations

Measures that quantify the amount of variation or dispersion of a set of data values from the mean.

Probability

The determination of how probable an event is, denoted as a number from 0 to 1.