Why Was the Foreign Corrupt Practices Act Criticized

question 66

Multiple Choice

Why was the Foreign Corrupt Practices Act criticized?

• A)The act does not require full disclosure of funds that were taken out of or brought into the United States.
• B)The act does not address the illegality of using the U.S. mail or wire communications to transact a fraudulent scheme.
• C)The act requires corporations to fully disclose all transactions conducted with foreign officials in line with the SEC provisions.
• D)The act formally recognizes the facilitation payments, which would otherwise be acknowledged as bribes.

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Definitions:

Psychogenic Needs

Psychological desires or needs that arise from the mental or emotional states of individuals, such as the need for recognition, esteem, or companionship.

Utilitarian Needs

Needs that are practical and functional in nature, emphasizing the utility and practical benefits of a product or service.

Hedonic Needs

Refers to the desire for sensory pleasure and experiences that provide enjoyment or luxury.

SMART Goal

A criteria for setting clear, attainable goals that are Specific, Measurable, Achievable, Relevant, and Time-bound.