Asked by Summer Bourbon on Jun 30, 2024
Verified
Which of the following is true of the Foreign Corrupt Practices Act (FCPA) ?
A) It does not ban payments to win contracts.
B) It does not ban facilitation payments.
C) It was signed into law by President Gerald Ford.
D) It was expanded in 1988 to cover domestic companies.
Foreign Corrupt Practices Act
A U.S. law aimed at preventing American businesses from bribing foreign officials to secure or maintain business.
Facilitation Payments
Payments made to speed up the actions that government officials are already bound to perform.
President Gerald Ford
The 38th President of the United States, serving from 1974 to 1977, known for his efforts to heal the country post-Watergate scandal.
- Comprehend the ethical and legal requisites in international business conducts.
Verified Answer
Learning Objectives
- Comprehend the ethical and legal requisites in international business conducts.
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