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Park Electronics Ltd

Question 2

Multiple Choice

Park Electronics Ltd., a consumer products company, was established, and is based, in Korea. Park bribes Filipino government officials to obtain favorable contracts. The U.S. Securities and Exchange Commission charges Park with violations of the Foreign Corrupt Practices Act. The firm


A) ​may be liable if it knew such acts violated U.S. law.
B) ​may be liable if its stock is traded on American stock exchanges.
C) ​is not liable because it is not a U.S. firm.
D) ​is not liable because the alleged violations did not occur in the U.S.

Correct Answer:

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