Which of the Following Is True About the Foreign Corrupt

question 47

Multiple Choice

Which of the following is true about the Foreign Corrupt Practices Act of 1977 (FCPA) ?
I.Publicly held companies should maintain an adequate system of internal control.
II.Individuals associated with U.S.companies are prohibited from bribing foreign officials for the purpose of securing a contract.
III.Compensating or agents' fees are disallowed under all circumstances.

• A) I and II
• B) II and II
• C) I and III
• D) I, II, and III

---

Definitions:

Strategic Alliance

An alliance between two or more firms aiming to achieve common goals, with each maintaining their separate entity status.

Globalization Strategy

A strategy that adopts standardized products and advertising for use worldwide.

Efficiencies

The ratio of the output produced to the input resources used in the production process, aiming to minimize resources while maximizing output.

Local Markets

Marketplaces within a specific geographical area where goods and services are sold and bought, with particular focus on the needs and preferences of the local community.