Section 102 of the Federal Foreign Corrupt Practices Act of 1977 (FCPA)applies to
A) all public and privately held U.S.-based companies.
B) all companies subject to the Securities Exchange Act of 1934.
C) any publicly held company, whether it is a for-profit or non-profit entity.
D) all foreign-owned companies currently operating in the United States.

Question

Quizplus · Accepted Answer

Section 102 of the FCPA applies to all companies subject to the Securities Exchange Act of 1934. This includes all public and certain privately held companies that are required to file reports with the Securities and Exchange Commission (SEC). Therefore, choice B is the best choice. The other choices are not entirely accurate as they are either too broad or too narrow in scope.