Question

After US companies objected that the Foreign Corrupt Practices Act would put them at a competitive disadvantage, the FCPA was eventually amended to allow for Blank______.Multiple choice question.grease paymentsimport tariffscommission paymentsexport tariffs

Answer 1

After US companies objected that the Foreign Corrupt Practices Act would put them at a competitive disadvantage, the FCPA was eventually amended to allow for grease payments.

Grease payments are what?

While a grease payment is made to hasten a trade or transaction, the former. The purpose of a grease payment is to expedite the process rather than to actually complete a transaction. Grease payments are not allowed under the FCPA as a way to influence the decision-making process of foreign officials.

In the event that they did, the money would be seen as a bribe and would be prohibited. It all comes down to the purpose of the money, and there is a very thin line between a greasing payment and a foreign bribe.

Learn more about grease payments with the help of the given link:

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Correct question:

After US companies objected that the Foreign Corrupt Practices Act would put them at a competitive disadvantage, the FCPA was eventually amended to allow for ______.

Multiple choice question.

a) grease payments

b) import tariffs

c) commission payments

d) export tariffs