FCPA Includes

question 117

Multiple Choice

FCPA includes

• A) uncertainties that make its application problematic.
• B) specific explicit rules with clear definitions of terms that U.S. companies must follow in their foreign operations.
• C) all accounting processes, including the accounting of transfer payments.
• D) foreign tax liabilities and other adjustments specific to business outside of the home country.

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Definitions:

Loose Budgets

A financial plan that allows for higher spending and less stringent controls, often to accommodate for uncertainty or to encourage creativity and innovation.

Cash Budget

A financial plan that estimates incoming and outgoing cash flows over a specific period of time to ensure liquidity and solvency.

Minimum Cash Balance

The lowest amount of cash that a business decides to maintain in its accounts to ensure sufficient liquidity for routine operations.

Cash Disbursements

The outflow of cash for various purposes, including operating expenses, asset acquisitions, and debt payments.