Which of the following statements about bribery is most accurate?

A. 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.
B. 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.
C. The world's major exporting nations have agreed to treat bribery of foreign government officials as a violation of trade agreements.
D. 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.
E. Bribes paid to foreign companies is in some cases a tax-deductible expense in the U.S.


Answer: B

Business

You might also like to view...

For a company like Pepsi, brand dilution occurs when it sells more product than the competition.

Answer the following statement true (T) or false (F)

Business

Which of the following represents a way of coping with uncertainty in a cash budget?

A) careful estimation of cash budgets outputs B) developing a pro forma income statement to forecast sales and then express the various income statement items as percentage of projected sales C) always using the prior year's data for estimates of the future D) using scenario analysis, or "what if" approach, to analyze cash flows under a variety of circumstances

Business

The sales and market orientations differ on all of the following characteristics EXCEPT:

A. those to whom the product is directed B. firm's performance C. firm's business D. firm's primary goal E. tools to achieve goals

Business

________ is when people belong to the same organization, tending to share certain beliefs and values that lead them to act in similar ways.

A. Emotional intelligence B. Organizational socialization C. Organizational culture D. Emotional integration E. Conscientiousness

Business