Which of the following is true about the U.K. Bribery Act?
A)It allows for small facilitation payments.
B)It only applies to companies headquartered in the United Kingdom.
C)It is not as stringent as the Foreign Corrupt Practices Act.
D)It classifies bribes among businesspeople to be illegal.
E)It mandates that companies must have explicit knowledge of the bribe to be liable.

Question

Quizplus · Accepted Answer

The U.K. Bribery Act classifies bribes among businesspeople to be illegal.

Answer: A, E
 Both choices A and E are incorrect as the U.K. Bribery Act does not allow for small facilitation payments and also does not mandate that companies must have explicit knowledge of the bribe to be liable.

Answer: B, C
 Both choices B and C are incorrect as the U.K. Bribery Act applies to any company doing business in the United Kingdom, regardless of where the company is headquartered, and is considered to be more stringent than the Foreign Corrupt Practices Act.

Which of the Following Is True About the U