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:

Welfare Capitalism

An approach to labor relations and social welfare in which companies provide benefits like health insurance and retirement plans to their employees to prevent government intervention and unionization.

Profit Sharing

A company policy of distributing a portion of its net profits to its employees.

Pension Plans

Financial arrangements that provide individuals with income upon retirement, often as part of their employment benefits, including defined benefit and defined contribution plans.

Agriculture Industry

The sector of the economy that specializes in the production, processing, and distribution of food, fiber, and products derived from plants and animals.