The Foreign Corrupt Practices Act of 1977 was primarily established to ________.
A) help U.S. managers distinguish between harmless customs and actual bribery
B) combat corruption initiated by U.S. electronics firms and their subsidiaries
C) provide U.S. managers with anonymous methods for reporting bribery
D) prosecute international extortionists under the U.S. legal system

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act of 1977 was primarily established to help U.S. managers distinguish between harmless customs and actual bribery. The act was introduced to prohibit businesses, individuals, and U.S. companies from paying bribes or offering anything of value to foreign officials in exchange for business advantages. It also required U.S. companies to implement up-to-date record-keeping requirements that ensured accurate reporting of business transactions.

The Foreign Corrupt Practices Act of 1977 Was Primarily Established