Which of the following allows for financial sanctions against businesses or business officials who engage in bribery?
A) Sarbanes-Oxley Act
B) SEC Act
C) U.S. Foreign Corrupt Practices Act
D) NRA
E) Political Action Committees
Answer: C
Explanation: C) Another approach that governments can use to regulate business practices is through legislation. For instance, the U.S. Foreign Corrupt Practices Act provides for financial sanctions against businesses or business officials who engage in bribery.
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Elisandra works in her company's finance department and is preparing a statement that details all of the company's revenues and expenses from various departments and product lines. Elisandra is preparing a cash-flow statement
Indicate whether the statement is true or false
Assume division 1 of the XYZ Company had the following results last year (in thousands)
Management's required rate of return is 8% and the weighted average cost of capital is 6%. Its effective tax rate is 30%. Sales $5,000,000 Operating income $1,000,000 Total assets $10,000,000 Current liabilities $500,000 What is the division's capital turnover? A) 5% B) 20% C) 10% D) 50%