Which of the following statements about bribery is most accurate?
A) Bribes, kickbacks, and payoffs offered to entice someone to commit an illegal or improper act are deemed corrupt in some cultures but not in others.
B) The world's major exporting nations have agreed to treat bribery of foreign government officials as a violation of trade agreements.
C) Bribery paid to foreign companies is in some cases a tax-deductible expense in the United States.
D) It is a crime for U.S. corporations to bribe an official of a foreign government or political party unless pre-approved by the Federal Trade Commission.
E) It is illegal for a U.S. corporation 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 most accurate statement about bribery is that it is illegal for a U.S. corporation to bribe an official of a foreign government or political party to obtain or retain business in a foreign country. This is in accordance with the Foreign Corrupt Practices Act (FCPA) and is applicable to both public and private officials. Option A is not entirely accurate because while some cultures may condone bribery, it is generally deemed corrupt and unethical worldwide. Option B is partially correct as the major exporting nations have agreed to prevent and eliminate bribery in international business transactions. Option C is incorrect as bribery paid to foreign companies is not tax-deductible in the US. Option D is also partially correct as pre-approval is not required by the Federal Trade Commission, but by the Department of Justice.

Which of the Following Statements About Bribery Is Most Accurate