Which of the following statements about bribery is most accurate?
A)Bribes,kickbacks,and payoffs offered to entice someone to commit an illegal or improper act are deemed corrupt in some cultures but not in others.
B)The world's major exporting nations have agreed to treat bribery of foreign government officials as a violation of trade agreements.
C)Bribes paid to foreign companies is in some cases a tax-deductible expense in the U.S.
D)It is a crime for U.S.corporations to bribe an official of a foreign government or political party unless pre-approved by the Federal Trade Commission.
E)It is illegal for a U.S.corporation to bribe an official of a foreign government or political party to obtain or retain business in a foreign country.

Question

Quizplus · Accepted Answer

The most accurate statement about bribery is that it is illegal for a U.S. corporation to bribe an official of a foreign government or political party to obtain or retain business in a foreign country. This is known as the Foreign Corrupt Practices Act (FCPA) and was established to prevent U.S. companies from engaging in corrupt practices while conducting business abroad. The FCPA applies to both individuals and companies and violations can result in hefty fines and even imprisonment.

Which of the Following Statements About Bribery Is Most Accurate