The USLaw Enacted in 1977 That Prohibits U

question 128

True/False

The U.S.law enacted in 1977 that prohibits U.S.companies from making "corrupt" payments to foreign officials for the purpose of obtaining or retaining business is the Foreign Corrupt Practices Act.

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Definitions:

Merchant Wholesalers

Independently owned firms that take title to the merchandise they handle.

Take Title

The act of taking legal ownership of a particular piece of property or goods.

Merchant Wholesaler

An entity involved in buying goods in bulk from producers and selling them, usually in smaller quantities, to retailers or other businesses, but not to end consumers.

Full-Service

A type of service that provides comprehensive coverage of needs or requirements in a particular area, offering a wide range of services or features.