Question

In some countries it is customary to pay government officials to secure necessary business contracts and permits. American businesses must follow U.S. law and cannot make these payments according to the__________

Answer 1

Answer:

Foreign Antitrust Act.

Explanation:

The Foreign Antitrust Act is an act against contracts, combinations and conspiracies, which helps to control trade and commerce within several US states. It is a section of the Sherman Act of U. S. C 1. The major reason for this law is so that there will be equal opportunities and platform for businesses within the same industry to operate without one gaining too much power over the other. The law controls dirty activities people engage to make profits.

Answer 2

Answer:

The correct answer is letter "B": Foreign Corrupt Practices Act.

Explanation:

The Foreign Corrupt Practices Act or FCPA is a U.S. law passed in 1977 that forbids all types of payments to foreign officials to expedite the processes of a business. Those payments could be done also to favor the licensing of a certain type of work, such as major constructions, or any other bribery causing corruption.

The entity in charge of enforcing the FCPA is the Securities and Exchange Commission (SEC) and the Department of Justice.