USfirms Have Complained About the Foreign Corrupt Practices Act for the Following

question 2

Multiple Choice

U.S.firms have complained about the Foreign Corrupt Practices Act for the following reason:

• A)It places them at a competitive disadvantage vis-à-vis their foreign rivals
• B)It is seldom enforced
• C)It has become outdated
• D)It only covers corrupt practices outside the United States
• E)It has too many loopholes

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Definitions:

Operating Cycle

The period between the acquisition of inventory and the collection of receivable generated from sales, reflecting how long it takes for a business to convert its inventory into cash.

Cash Collections

The process of gathering and managing the cash received from customers or clients.

Collect

The act of receiving or gathering something, often referring to the collection of payments or receivables in a business context.

Sales

The total amount of goods or services sold by a company within a specific period, contributing to its revenue.