Which of the Following Statements About Bribery Is Most Accurate

question 16

Multiple Choice

Which of the following statements about bribery is most accurate?

• A)Bribes,kickbacks,and payoffs offered to entice someone to commit an illegal or improper act are deemed corrupt in some cultures but not in others.
• B)The world's major exporting nations have agreed to treat bribery of foreign government officials as a violation of trade agreements.
• C)Bribes paid to foreign companies is in some cases a tax-deductible expense in the U.S.
• D)It is a crime for U.S.corporations to bribe an official of a foreign government or political party unless pre-approved by the Federal Trade Commission.
• E)It is illegal for a U.S.corporation to bribe an official of a foreign government or political party to obtain or retain business in a foreign country.

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Definitions:

Direct Taxes

Taxes paid directly to the government by the individual or organization on whom it is levied, such as income tax or property tax.

Direct Tax

A form of taxation where the burden directly falls on the income or wealth of the individual or entity being taxed, such as income tax or property tax.

Fiscal Year

A one-year period used for financial reporting and budgeting, which does not necessarily align with the calendar year.

Federal Government

The national government of a federal country that is responsible for national affairs, the implementation of federal laws, and the administration of common interests and national decisions.