In U.S. v. King, King was a major investor in OSI, which was working on a land project in Costa Rica. He was accused by the U.S. government of violating the Foreign Corrupt Practices Act (FCPA) by bribing government officials in Costa Rica, in an effort to make the land deal work. The U.S. courts held that King:
a. as an investor in OSI could not be prosecuted, but the company itself could be
b. did bribe the officials, but that since that is how government licenses are regularly obtained in that country, it did not violate the FCPA
c. could not be prosecuted in the U.S. for an act that may have occurred in another nation; it would be up to the government of Costa Rica to prosecute King
d. could be fined up to $100,000 for violating the FCPA but could not be imprisoned e. none of the other choices
e
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Answer the following statements true (T) or false (F)
1. The transfer price should be an amount between the market price and the variable cost. 2. When operating at capacity, a market-based transfer price should be used. 3. If a company allows division managers to negotiate a cost-based transfer price, it is better to use actual costs rather than standard costs. Otherwise, the selling division has no motivation to control costs.
Researchers have found that performance-based contracts have increased the power of nonprofit ______.
A. clients B. volunteers C. boards of directors D. chief executive officers
Under the ________, a successful party may receive 25 percent of the amount recovered if the government chooses to intervene in the action, or 30 percent if the government does not participate in the suit
A) False Claims Act B) Sarbanes-Oxley Act C) Whistleblower Protection Act D) Homeland Security Act
Max is married to Nina. Max executes a will, leaving certain property to Nina and other property to Opal, who is unrelated to Max and Nina. On Max's death
A. neither Nina nor Opal can renounce their shares. B. Nina and Opal can both renounce their shares. C. Nina can take only what the will provides but Opal can renounce her share. D. Opal can take only what the will provides but Nina can renounce her share.