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kompoz [17]
3 years ago
8

Check my work (1 remaining) rupert and cordelia own an american company that does business in foreign nations. getting a license

in a new country can be challenging. as they try to enter into business in a new country, rupert fills out the license paperwork and takes it to the correct office. there he pays the front-desk person $100 to process the paperwork, as is the custom in that country. cordelia, who has connections in that country, schedules an appointment with the minister of commerce, who has the authority to determine which foreign companies get licenses, and pays him $200 to approve their license. which payment(s) likely violated the foreign corrupt practices act?
Business
1 answer:
alexandr1967 [171]3 years ago
7 0

In this case, both of the payments would be in violation of the Foreign Corrupt Practices Act. Basically this law prohibits the payment of "bribes" to any foreign official OR anyone that might have influence with a foreign official . This includes anything exchange of things of value (including services) and not limited to monetary means.

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Adjusted balance per cash book                                         <u> $ 1,580</u>

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