In the Case of SEC V

question 35

Multiple Choice

In the case of SEC v.Halliburton & KBR, the commission charged Halliburton & KBR with:

• A)Bribing Nigerian government officials to look the other way while the companies developed and presented fraudulent financial statements
• B)Bribing Nigerian government officials in order to obtain construction contracts
• C)Bribing Nigerian government officials to off-load merchandise at the country's piers
• D)All of the above

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Definitions:

Negative Sanctions

Punishments or penalties applied by a society or a group within a society against its members who violate established norms, laws, or expectations.

Authoritative Body

An organization or institution possessing the power, credibility, and legitimacy to enforce rules, make decisions, and govern within a specific domain or sector.

Formal Institution

An establishment founded on established laws and organized principles, playing a critical role in society, such as governmental bodies, educational institutions, and corporations.

Culture

The collective beliefs, behaviors, objects, and other characteristics common to the members of a particular group or society.