A United States firm recently won a large contract with a company in Bangladesh by providing government officials and company officials with American cars and promises to provide monetary gifts in exchange for the business.Fortunately,U.S.Law,under the Foreign Corrupt Practices Act permits U.S.companies to operate in this manner.
The Foreign Corrupt Practices Act defines bribery or payments to foreign businesses or the management of foreign businesses in exchange for business contracts as illegal.

Question

Quizplus · Accepted Answer

The statement in the passage is incorrect. The Foreign Corrupt Practices Act prohibits U.S. companies from providing gifts or payments to foreign officials or businesses in exchange for business contracts. Therefore, the described behavior would be considered illegal under the act.

A United States Firm Recently Won a Large Contract with a Company