The Foreign Corrupt Practices Act

question 208

Multiple Choice

The Foreign Corrupt Practices Act

• A)makes it a crime for U.S.corporations to bribe an official of a foreign government or political party to obtain or retain business in a foreign country.
• B)has different levels of punishment based upon the wealth of the host nation.
• C)regulates only the behavior of U.S.businesses conducting business within the United States.
• D)makes the theft of trade secrets by foreign entities a federal crime in the United States.
• E)is a unilateral agreement the United States made with several developing nations.

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Definitions:

Purchases Of Merchandise

Transactions involving the acquisition of goods for resale in the ordinary course of business, typically in a retail or wholesale setting.

Future Economic Benefit

The potential to contribute directly or indirectly to the flow of cash and cash equivalents to an entity.

Common Characteristic

A property or attribute that is shared among all members of a category.

Asset

An economic resource owned or controlled by an individual or corporation, expected to provide future benefit.