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:
a. no reasonable person could have inferred that the actions undertaken by King would result in the paying of a bribe, so he was not guilty of violating the FCPA
b. the recordings showed that King did not knowingly participate in offering bribes, so he could not be convicted under the FCPA
c. there was not sufficient evidence that King knowingly participated in and approved of offering a bribe so he could not be convicted under the FCPA
d. there was sufficient evidence that King knowingly participated in and approved of offering a bribe so he could be convicted under the FCPA
e. the case was unclear and should be reevaluated by the World Trade Organization
d
You might also like to view...
A direct tax levied on earnings is _______ tax.
Fill in the blank(s) with the appropriate word(s).
Danielle is creating an advertising message designed to appeal to consumers' fears of having their home broken into. Danielle's message will focus on a(n) ________ appeal.
A. reminder B. niche marketing C. informational D. institutional E. emotional
Longwood, Inc. manufactures various lines of computer equipment and is planning to introduce a new line of laptops. Current plans call for the production and sale of 1,000 units, with estimated costs as follows: Variable costs: Manufacturing$450,000 Selling and Administrative 100,000 Total variable costs $550,000 Fixed costs: Manufacturing$300,000 Selling and Administrative 180,000 Total fixed costs 480,000 Total costs $1,030,000 The average amount of capital invested in the laptop product line is $900,000 and Longwood's target return on investment is 18%. What price must Longwood charge if the company uses cost-plus pricing based on total variable cost?
A. $712. B. $900. C. $1,192. D. $1,030. E. None of the answers is correct.
Ewing's of Dallas placed a $10,000 order for dresses, F.O.B. Dallas from Marvelous Manufacturing Co in New York, for their October 1 Fall Showing. The dresses were to be shipped at a cost of $300 to the seller. In New York, Marvelous dresses were the
rage, but the boom had not yet reached Dallas. By September 15, Ewing's realized that the shop could not afford all of these dresses and called Marvelous to cancel the contract. On September 15, the market price for the dresses in New York was $9,000 and in Dallas, $5,000. On October 1, the market price had risen to $9,500 in New York and to $7,000 in Dallas. What may Marvelous do? What are the alternatives for damages from Ewing's?