Foreign Corrupt Practices Act
A) has different levels of punishment based upon the wealth of the host nation.
B) regulates only the behavior of U.S. businesses conducting business within the United States.
C) makes the theft of trade secrets by foreign entities a federal crime in the United States.
D) is a unilateral agreement the United States made with several developing nations.
E) makes it a crime for U.S. corporations to bribe an official of a foreign government or political party to obtain or retain business in a foreign country.

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act (FCPA) is a U.S. law that makes it a crime for U.S. corporations to bribe an official of a foreign government or political party to obtain or retain business in a foreign country. The level of punishment is not based on the wealth of the host nation, and the FCPA applies to U.S. businesses conducting business both within and outside of the United States. While the theft of trade secrets by foreign entities is a federal crime in the United States, it is not regulated by the FCPA. The FCPA is also not a unilateral agreement between the United States and developing nations.