Sebastian and Amy Are Arguing Over Secondary Legislations That Were

question 28

Multiple Choice

Sebastian and Amy are arguing over secondary legislations that were in place prior to the passing of the Foreign Corrupt Practices Act (FCPA) . Amy is of the opinion that the FCPA encompasses all secondary measures that were in use to prohibit corrupt practices. Sebastian disagrees with Amy on this point. Which of the following, if true, would strengthen Amy's argument?

• A)The FCPA requires only partial disclosure of funds that were taken out of or brought into the United States.
• B)The FCPA does not specify that using wire communications to transact fraudulent schemes is illegal.
• C)The FCPA requires corporations to fully disclose all transactions conducted with foreign officials in line with the SEC provisions.
• D)The FCPA does not fine companies for failing to disclose payments made to foreign officials under its securities rules.

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Definitions:

Mental Accounting

A concept in behavioral finance where individuals categorize and evaluate economic outcomes by assigning them to specific accounts mentally.

Framing

The way information is presented or a situation is structured to influence decision-making or perceptions.

Consumption Options

The various goods and services that consumers have available to choose from for purchase.

Behavioral Economics

A field of study that examines how psychological, emotional, cognitive, and social factors affect economic decisions.