The Primary Purpose of the Foreign Corrupt Practices Act of 1977

question 47

Multiple Choice

The primary purpose of the Foreign Corrupt Practices Act of 1977 was

• A)to require corporations to maintain a good system of internal control.
• B)to prevent the bribery of foreign officials by American companies.
• C)to require the reporting of any material fraud by a business.
• D)All of the above are required by the act.

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Definitions:

Arrogant Racist

An individual who combines an overbearing sense of superiority with discriminatory beliefs based on race.

Corporate Conglomeration

The process by which a corporation expands its business into different and unrelated sectors or the state of being a large and varied group of businesses.

Studio System

A method of film production and distribution dominated by a small number of "major" studios in Hollywood from the 1920s to the 1950s.

Production Code Administration

A regulatory body in the film industry that enforced the Hays Code, dictating moral content guidelines for films from the 1930s to the 1960s in the United States.