The Foreign Corrupt Practices Act ________.
A)makes it illegal for US firms to make any cash payment for deferential treatment in a foreign transaction
B)makes it illegal for US firms to make any payment over 5 per cent of total cost toward administrative overhead in foreign transactions
C)makes it illegal for US firms to knowingly corrupt a foreign official
D)makes it illegal for US firms to make any payment to foreign clerical or ministerial employees in exchange for service
E)was repealed in 1992

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act (FCPA) makes it illegal for US firms to knowingly corrupt a foreign official. The act prohibits bribery of foreign officials and requires companies to keep accurate books and records. Option A, B, and D are not accurate descriptions of the FCPA. Option E is incorrect, as the FCPA is still in effect.