Author Question: What types of payments are legal and illegal under the Foreign Corrupt Practices Act (FCPA) of the ... (Read 136 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
What types of payments are legal and illegal under the Foreign Corrupt Practices Act (FCPA) of the United States? Provide an example.
 
  What will be an ideal response?

Question 2

Historically, companies searching their ranks for potential expatriates looked first for individuals with the necessary language proficiency and then evaluated their technical competence.
 
  Indicate whether the statement is true or false


tandmlomax84

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

Payments to officials to expedite otherwise legitimate transactions (officially called facilitation payments but sometimes referred to as speed money or grease money) are legal, but payments to other officials who are not directly responsible for carrying out the transaction are not. Facilitation payments take many forms. For example, payment to a customs official to clear legitimate merchandise is legal, whereas a payment to a government minister to influence the customs official is illegal. The FCPA allows the former payment because governmental officials in many countries delay compliance of laws indefinitely until they do receive payments, even though such payments may be illegal in those countries.

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

For a complete list of videos, visit our video library