The ______ bars U.S.-based or U.S.-listed companies from bribing foreign officials in exchange for business.
A) Import/Export Act
B) Foreign Corrupt Practices Act
C) Equal Employment Opportunity
D) Fair Credit Act

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act (FCPA) is a law that prohibits U.S.-based or U.S.-listed companies from bribing foreign officials in exchange for business. The FCPA applies to all U.S. individuals and companies, as well as certain foreign corporations and entities listed on U.S. stock exchanges. The FCPA was enacted in 1977 to address the problem of bribery and corruption in international business transactions.

The ______ Bars U