International Business Study Set 5
Quiz 2: National Differences in Political Economy,and Legal Systems
The Foreign Corrupt Practices Act Does Not Allow for Grease
The Foreign Corrupt Practices Act does not allow for grease payments.
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In the 1970s,the United States passed the Foreign Corrupt Practices Act which requires all publicly traded companies,whether or not they are involved in international trade,to keep detailed records that would reveal whether a violation of the act has occurred.
Patents,copyrights,and trademarks establish ownership rights over intellectual property.
Patents discourage companies from committing themselves to extensive basic research.
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