In the United States, the Foreign Corrupt Practices Act Was

question 119

True/False

In the United States, the Foreign Corrupt Practices Act was passed during the 1960s following revelations that U.S.companies had bribed government officials in foreign countries in an attempt to win lucrative contracts.

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Definitions:

Original Capital

The initial amount of money invested in a business by its owners or shareholders.

Share of Income

The portion of earnings allocated to a shareholder, typically in the form of dividends.

Salaries

Payments made to employees for their services over a specified period, typically expressed on an annual basis.

Total Assets

The sum of all resources owned by a company that are expected to provide future economic benefits.