What Is the Primary Provision of the Foreign Corrupt Practices

question 44

Multiple Choice

What is the primary provision of the Foreign Corrupt Practices Act?

• A)To specify which corrupt practices are acceptable under U.S.law
• B)It prescribes how to account for bribes paid by U.S.corporations to obtain business from foreign governments.
• C)It informs internal auditors how to detect fraud in multinational corporations.
• D)To prohibit U.S.companies from paying bribes to foreign government officials to obtain business

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Definitions:

Long-term Account Penetration

The strategic effort to deepen and expand the business relationship with a client over a prolonged period.

Honor People

Honoring people involves showing respect and appreciation for their contributions, values, and diversity, often leading to a positive and inclusive environment.

Customer Satisfaction

The measure of how products or services supplied by a company meet or surpass customer expectation.

Customer Retention

The ability of a company to keep its customers over a period of time, reducing customer defections.