The FCPA Has

question 75

Multiple Choice

The FCPA has:

• A) hurt American business because managers cannot use bribes anymore.
• B) challenged the creativity of American managers and consultants to develop ways to work around the FCPA.
• C) brought the discussion of bribery into the open, which has, overall, been positive.
• D) resulted in American foreign business going to Japanese and German businesses.
• E) eliminated bribery in international business.

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Definitions:

Stock Dividend

A dividend payment made in the form of additional shares rather than cash, increasing the number of shares owned by shareholders.

Retained Earnings

Retained earnings are the portion of a company's profits that are kept or retained rather than distributed to shareholders as dividends, often used for reinvestment in the business or to pay down debt.

Cumulative Preferred Stock

A type of preferred stock where dividends accrue and must be paid out before dividends can be distributed to common stockholders.

Par Common Stock

The nominal or face value assigned to a share of common stock, which has relevance in corporate accounting.