The Result of the Convention on Combating Bribery of Foreign

question 1

Multiple Choice

The result of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions was to

• A) make it mandatory for companies to adhere to the pollution control standards of their home country in all the nations in which they do business.
• B) make bribery of foreign officials a criminal offense but not consider facilitating payments a criminal offense.
• C) make grease payments mandatory in order to obtain exclusive preferential treatment in a host nation.
• D) consider payment of speed money to be moral, but illegal.
• E) make it obligatory for companies to adopt a zero-tolerance approach toward grease payments.

---

Definitions:

Economic Deregulation

Reduction of government power over certain industries, aimed at improving market efficiencies and fostering competition.

Carriers

Companies that provide transportation services for goods, typically including freight companies, airlines, and shipping lines.

Competition

The rivalry between businesses or suppliers to attract customers and achieve higher sales, often leading to innovation and better quality offerings.

Modal Selection

The process of choosing the most appropriate mode of transportation for goods based on factors like cost, distance, and product type.