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1977 Congress passed the Foreign Corrupt Practices Act (FCPA), which prohibits U.S. businesspersons from bribing foreign officials to secure advantageous contracts. Which approach to business ethics claims that the social responsibility of business is to increase profits so long as the company stays within the rules of law?Milton Friedmans basic position is that the only social responsibility of business is to increase profits, so long as the company stays within the rules of law. Which of the following in a business setting is taken to mean benevolent behavior that is the responsibility of successful enterprise?In a business setting, noblesse oblige is taken to mean benevolent behavior that is the responsibility of successful enterprises. Social responsibility refers to the idea that businesspeople should favor decisions that have both good economic and social consequences. What is considered normal business practice in one country may be considered unethical in other countries True or false?What is considered normal business practice in one country may be considered unethical in other countries. In an international business setting, the most common ethical issues involve employment practices, human rights, environmental regulations, corruption, and the moral obligation of multinational companies. Which act outlaws the payment of bribes to foreign government officials to gain businesses?NicknamesForeign Corrupt Practices Act of 1977Enacted bythe 95th United States CongressEffectiveDecember 19, 1977CitationsPublic law95-21310 more rows What does the Foreign Corrupt Practices Act prohibit quizlet?The Foreign Corrupt Practices Act (FCPA) is a United States law passed in 1977 that prohibits U.S. firms and individuals from paying bribes to foreign officials in furtherance of a business deal. The FCPA places no minimum amount for a punishment of a bribery payment. You just studied 9 terms! 1/9. What is the purpose of the Foreign Corrupt Practices Act?Under the Foreign Corrupt Practices Act (FCPA), it is unlawful for a U.S. person or company to offer, pay, or promise to pay money or anything of value to any foreign official for the purpose of obtaining or retaining business Which congressional act outlaws the payment of bribes to foreign government officials to gain businesses quizlet?The Foreign Corrupt Practices Act (FCPA, the Act) is a United States law that prohibits U.S. firms and individuals from paying bribes to foreign officials to further business deals. The FCPA contains two main articles: The anti-bribery provisions. Which philosophical approach claims that a multinationals home country standards of ethics are the ones employees should follow even when working in foreign countries?The righteous moralist suggests that: a multinationals home-country standards of ethics are the appropriate ones for companies to follow in foreign countries. Which of the following statements is true of the utilitarian approach to business ethics?Which of the following statements is true of the utilitarian approach to business ethics? It recognizes that a business should pursue only those actions where the social benefits outweigh the costs. Which of the following refers to the idea that businesspeople should consider the social consequences of economic actions?The concept of corporate social responsibility (CSR) refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences. What is the term for a company’s formal statement of the ethical priorities?What is a companys formal statement of ethical priorities called? Code of ethics. Which of the following refers to the values and norms that the employees of an organization share quizlet?A firms organizational culture refers to the values and norms that are shared among employees of an organization. What is considered normal business practice in one country may be considered unethical in others?The concept of corporate social responsibility (CSR) refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences. What is the term for a company’s formal statement of the ethical?What is considered normal business practice in one country may be considered unethical in other countries. In an international business setting, the most common ethical issues involve employment practices, human rights, environmental regulations, corruption, and the moral obligation of multinational companies Are business ethics different from one country to another?Business ethics can differ in other countries and even between industries. Business practices that would be illegal, or at least frowned upon, at home are often allowed or at least tolerated elsewhere. What are the ethical issues in global business?Some of the most common ethical issues in international business include outsourcing, working standards and conditions, workplace diversity and equal opportunity, child labor, trust and integrity, supervisory oversight, human rights, religion, the political arena, the environment, bribery and corruption. Which of the following observations about the Foreign Corrupt Practices Act is true?Which of the following observations about the Foreign Corrupt Practices Act is true? The act outlawed the paying of bribes to foreign government officials to gain business. Which government is responsible for the Foreign Corrupt Practices Act?The SEC and the Department of Justice are jointly responsible for enforcing the FCPA. The SECs Enforcement Division has created a specialized unit to further enhance its enforcement of the FCPA. What does the Foreign Corrupt Practices Act have to do with accounting?1977 Congress passed the Foreign Corrupt Practices Act (FCPA), which prohibits U.S. businesspersons from bribing foreign officials to secure advantageous contracts. What does FCPA stand for?The FCPA has two primary provisions: (1) an anti-bribery provision which makes it unlawful for a U.S. company or citizen, and certain foreign issuers of securities, to make a corrupt payment to a foreign official for the purpose of obtaining or retaining business and (2) an accounting provision which requires companies What does the Foreign Corrupt Practices Act prohibit?Under the Foreign Corrupt Practices Act (FCPA), it is unlawful for a U.S. person or company to offer, pay, or promise to pay money or anything of value to any foreign official for the purpose of obtaining or retaining business Who does the FCPA prohibit?foreign officials What is the purpose of foreign corrupt practices?The Foreign Corrupt Practices Act of 1977, as amended, 15 U.S.C. xa7xa7 78dd-1, et seq. (FCPA), was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business What are the two main components of the Foreign Corrupt Practices Act?FCPA has two components, anti-bribery provisions and maintaining accurate books, records, and internal controls so bribes cannot be hidden. Which congressional act outlaws the payment of bribes to foreign government officials to gain businesses?The Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. § 78dd-1, et seq.) is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests.
Which act outlaws the payment of bribes to foreign government officials to gain businesses quizlet?The Foreign Corrupt Practices Act outlawed the paying of bribes to foreign government officials to gain business.
Which law prohibits bribes of foreign government officials or business executives quizlet?1977 Congress passed the Foreign Corrupt Practices Act (FCPA), which prohibits U.S. businesspersons from bribing foreign officials to secure advantageous contracts.
Which of the following are payments to ensure receiving the standard treatment that a business?Noblesse oblige refers to payments that ensure receiving the standard treatment that a business ought to receive from a foreign government.
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Which congressional act outlaws the payment of bribes to foreign government officials to gain businesses quizlet?
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