Which of the Following Is NOT True Regarding the Foreign

question 19

Multiple Choice

Which of the following is NOT true regarding the Foreign Corrupt Practices Act?

• A) It was passed in 1952.
• B) It is a U.S.federal law that contains two parts.
• C) It has an anti-bribery provision.
• D) It has a requirement to maintain an adequate internal control system over financial records.
• E) A few people complain that the FCPA puts American firms at a disadvantage against non-U.S.competitors.

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Definitions:

Ownner's Equity

The portion of a company's assets that belongs to the owners or shareholders after liabilities are subtracted; also known as shareholder's equity.

Total Liabilities

The combined amount of obligations a company owes to external parties, including loans, accounts payable, mortgages, and other debts due within one year or beyond.

Owner's Equity

The residual interest in the assets of the entity after subtracting liabilities, representing the owner's claim on the business assets.

Total Assets

The sum of all assets owned by a company, including cash, investments, property, and equipment.