Which of the Following Is Correct Concerning the Foreign Corrupt

question 32

Multiple Choice

Which of the following is correct concerning the Foreign Corrupt Practices Act (FCPA) ?

• A) Under the FCPA,a company may be fined up to $5 million.
• B) Under the FCPA,directors participating in violations are liable for prison terms up to 10 years.
• C) The FCPA bribery provisions apply only to American firms with equity securities registered under the 1934 Act.
• D) Facilitating or grease payments are not prohibited by the FCPA.

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Definitions:

Substitute Contract

A legal agreement that replaces a previously made contract, either rectifying it or substituting parties or terms in the contract.

Original Obligor

The individual or entity originally responsible for fulfilling the obligations of a contract or agreement.

Obligee

The party in a contractual agreement who is entitled to receive a performance or benefit from the obligor.

Express Consent

Clear and voluntary permission given by a person or party to another for a specific action or procedure, often communicated orally or in writing.