Which of the Following Statements About Bribery Is Most Accurate

question 193

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) Bribery paid to foreign companies is in some cases a tax-deductible expense in the United States.
• 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:

Marginal Output

The additional quantity of a product that is produced from using one more unit of an input, keeping other inputs constant.

Diminishing Returns

A principle stating that if one factor of production is increased while other factors are held constant, the incremental output or benefit gained will eventually decrease.

40-Acre Farm

A piece of farmland covering 40 acres, often used historically in the context of post-Civil War land redistribution promises in the United States.

Variable Costs

are expenses that vary directly with the level of production or output.