Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. What is the act forbidding payment to officials of foreign governments, political candidates, or political parties for the purpose of obtaining or retaining business

1. What is the act forbidding payment to officials of foreign governments, political candidates, or political parties for the purpose of obtaining or retaining business called?

a. Foreign Bribery Practices Act (FBPA)

b. Foreign Corrupt Practices Act (FCPA)

c.Foreign Bribery Payment Act (FBPA)

d.Foreign Corrupt Payment Act (FCPA)

2. Kirsten has good reason to worry about her involvement in the $25,000 payment. Under the provisions of the original act, the company can be fined ___________, and each officer who directly participated in violations can be fined ______________.


a. $500,000, $50,000

b. $1,000,000, $50,000

c. $1,000,000, $10,000

d.$1,000,000, $100,000

3. The $25,000 might be seen as a grease payment in the original law, which ______________ and is otherwise known as a ___________.

a. prohibited such payments; non-permissible facilitating payment

b. did not prohibit such payments; permissible facilitating payment

c. prohibited such payments; potential facilitating payment

d. did not prohibit such payments; probable facilitating payment

4. The Omnibus Trade and Competitiveness Act OTCA of 1988 states that:

a. The individuals and company responsible must both be prosecuted.

b. The individuals can be prosecuted even if the company is not guilty.

c. Prosecution of the company and payment of fines relieves individuals of their responsibility.

d. None of the these.

5. Defenses to the OTCA include which of the following?

a. Payment is lawful under the written rules of IFRS, and the payment can be made for reasonable and bona fide expenditures.

b. Payment is lawful under the written rules of the country, and the payment can be made for reasonable and bona fide expenditures.

c. Payment does not constitute gross negligence, and the payment can be made for reasonable and bona fide expenditures.

d. Payment is a grease payment or permissible facilitating payment, and payment can be made for reasonable and bona fide expenditures.


Step by Step Solution

3.46 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

1 b Foreign Corrupt Practices Act FCPA 2 c 1000000 10000 3 b Did ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project management

Authors: Harvey maylor

4th Edition

027370432X, 978-0273704324

More Books

Students also viewed these Economics questions

Question

What is the difference between persistence and self-determination?

Answered: 1 week ago

Question

What is quality?

Answered: 1 week ago

Question

Why is the pure project organisation a useful structure?

Answered: 1 week ago

Question

Why is it important to know the customer for a proposal document?

Answered: 1 week ago