A United States firm recently won a large contract with a company in Bangladesh by providing government officials and company officials with American cars and promises to provide monetary gifts in exchange for the business.Fortunately,U.S.Law,under the Foreign Corrupt Practices Act permits U.S.companies to operate in this manner.

Question

Quizplus · Accepted Answer

The statement is false. The Foreign Corrupt Practices Act prohibits U.S. companies from providing gifts or payments to foreign officials in exchange for business opportunities. Such actions are considered bribery and are illegal under U.S. law.

A United States Firm Recently Won a Large Contract with a Company