The Foreign Corrupt Practices Act Requires That

question 62

Multiple Choice

The Foreign Corrupt Practices Act requires that

• A) Auditors engaged to examine the financial statements of public companies report all illegal payments to the SEC.
• B) Public companies establish independent audit committees to monitor the effectiveness of their system of internal control.
• C) U.S. firms doing business abroad report sizable payments to non-U.S. citizens to the Justice Department.
• D) Public companies devise and maintain an adequate system of internal control.

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Definitions:

Promotional Strategies

Planned actions designed to communicate the value of a product or service to customers to increase sales.

Data

Raw numbers or facts.

Information

Data that is organized, processed, or structured in a way that it becomes meaningful and useful for making decisions.

Demographic Data

Statistical data relating to the population and the particular groups within it, such as age, gender, income level, etc.