Do Considerations of Culture Have a Place in the FCPA

question 29

Essay

Do considerations of culture have a place in the FCPA? Discuss in general and with respect to Hofstede's cultural values.

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Definitions:

Flashbulb Memory

A highly detailed, exceptionally vivid 'snapshot' of a moment or circumstance in which a piece of surprising and consequential (or emotionally arousing) news was heard.

Episodic Memory

A subtype of long-term memory that involves the recollection of specific events, situations, and experiences.

Capacity

The maximum amount that something can contain or produce, or the ability to perform, understand, or withstand something.

Overestimated

To assess or judge something to be greater, larger, or more important than it actually is.