Pfizer Was Investigated by the SEC for Violating the FCPA

question 27

Multiple Choice

Pfizer was investigated by the SEC for violating the FCPA because it allegedly

• A) Made improper payments to foreign officials to obtain regulatory and formulary approvals
• B) Made improper payments to foreign officials to obtain sales
• C) Made improper payments to foreign officials to obtain increased prescriptions for the company's pharmaceutical products
• D) All of these

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Definitions:

Retained Earnings

The portion of net income that is not distributed to shareholders and is instead reinvested in the company.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the owners' claim on the company's assets.

Financial Statement

A record that details the financial activities and condition of a business, person, or other entity.

Accounts

Financial records of an entity that detail transactions and can be used to prepare financial statements.