The Foreign Corrupt Practices Act allows
A)bribes under $10,000.
B)bribes,as long as the finn does not deduct them on its tax return.
C)bribes,as long as they are disclosed to shareholders.
D)grease payments.

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act allows for "grease payments," which are small payments made to foreign officials to expedite or secure routine government actions. However, these payments must be made openly and transparently, and not for the purpose of obtaining or retaining business. Bribes and kickbacks are strictly prohibited under the act, regardless of their size or whether they are disclosed to shareholders.

The Foreign Corrupt Practices Act Allows