Companies that are subject to, but fail to comply with, the Foreign Corrupt Practices Act of 1977
A) may do so legally by obtaining an exemption.
B) will be automatically dissolved.
C) may be subject to fines and officer imprisonment.
D) may be forced to sell their foreign subsidiaries.

Question

Quizplus · Accepted Answer

Companies subject to the Foreign Corrupt Practices Act of 1977 and fail to comply with it may be subject to fines and officer imprisonment as penalties for their non-compliance. There is no legal exemption for non-compliance, and dissolution or forced sale of subsidiaries are not automatic consequences of non-compliance.

Companies That Are Subject To, but Fail to Comply With