1. What does the Foreign Corrupt Practices Act have to do with accounting?

Multiple Choice

a. It demands that publicly traded U.S. companies follow international best-practices when auditing illegal operations abroad.

b. It mandates the use of the temporal method of translating assets obtained illegally in foreign countries.

c. It requires that appropriate internal control systems be maintained by publicly traded U.S. companies.

d. It requires that U.S. companies properly record bribes made to obtain business from foreign clients

2.Return on investment is a popular performance evaluation technique of MCs, because

Multiple Choice

a. it is an accurate indicator of currency differences.

b. it allows the MNCs to focus on market share.

c. it allows the parent company to compare operations more easily.

d. it takes into consideration transfer pricing policies.