Which of the following statements about the Foreign Corrupt Practices Act is true?
A) It makes it illegal for foreign businesses to use bribery in their dealings in the United States.
B) It makes it illegal for U.S. businesses to use bribery in their dealings anywhere in the world.
C) It makes it legal for U.S. businesses to use bribery in their dealings anywhere in the world.
D) It makes it legal for U.S. businesses to use bribery in their dealings only in countries where bribery is legal.

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act (FCPA) was enacted in 1977 to prevent the bribery of foreign government officials for business purposes by U.S. companies. It makes it illegal for U.S. businesses and individuals, as well as foreign companies operating in the U.S., to use bribery in their dealings anywhere in the world. The FCPA also requires companies covered by the law to maintain accurate books and records and to have adequate internal accounting controls.

Which of the Following Statements About the Foreign Corrupt Practices