The _____ was passed by Congress in 1977 to prevent companies from making questionable or illegal payments to foreign government officials, politicians, and political parties.
A) Foreign Corrupt Practices Act (FCPA)
B) Sherman Antitrust Act
C) CISG
D) Incoterms Act
E) Clayton Act

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act (FCPA) was passed by Congress in 1977 to prevent companies from making questionable or illegal payments to foreign government officials, politicians, and political parties. This act makes it illegal to offer, promise, or provide anything of value to foreign officials as a way to obtain or retain business. The FCPA also requires companies to keep accurate and detailed records of all transactions in order to ensure compliance.

The _____ Was Passed by Congress in 1977 to Prevent