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:

Total Cost

The complete cost of production that combines all costs, both fixed and variable, incurred to produce goods or services.

Change

The act or process of becoming different, which can apply to a wide variety of contexts, including physical alterations, shifts in ideas, or modifications in systems.

Average Total Cost

The total cost of production divided by the number of goods produced, representing the average cost per unit of output.

Diseconomies of Scale

A situation where as a firm grows larger, the costs per unit increase, due to factors like coordination and operational inefficiencies.