An influential foreign government official approaches your firm requesting a large sum of money. In return for this bribe, the official promises that your firm will receive preferential treatment in future government contracts. You refuse the request, explaining that the _________ Act of the United States prohibits you from making such payments.
A) Federal Trade Commission
B) Sherman Anti-trust
C) Foreign Corrupt Practices
D) Celler-Kefauver

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act (FCPA) of the United States prohibits companies from making bribes to foreign officials in order to obtain or retain business. This law applies to both U.S. companies and foreign companies listed on U.S. stock exchanges. It is important for companies to comply with the FCPA to avoid legal and financial penalties.

An Influential Foreign Government Official Approaches Your Firm Requesting a Large