Jason has to make a deal with a Chinese company.When he is in China,he learns that it is customary to spend money getting to know the other businessmen and building trust.If he participates in this custom,which of the following is he violating?
A)The General Agreement on Tariffs and Trade (GATT)
B)The Foreign Corrupt Practices Act
C)The North American Free Trade Agreement (NAFTA)
D)The Foreign Licensing Agreement

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act prohibits U.S. companies and their employees from bribing foreign officials in order to obtain or retain business. Spending money to build trust could be seen as a bribe and therefore a violation of this act. The other options listed are not relevant to this situation.

Jason Has to Make a Deal with a Chinese Company