1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natasha_Volkova [10]
3 years ago
13

Elevators, Inc. does considerable business overseas for high-rise luxury hotels. To speed up the building permit process, it aut

horized a project manager to pay a government official a "fee" in the amount of $500. It is common practice in the foreign country for government officials to accept a "fee" to expedite processes. In doing so, has Elevators, Inc. broken United States law? Select one
Business
1 answer:
AleksAgata [21]3 years ago
3 0

Answer:

No, Elevators, Inc. has not broken the law because payment was made in United States currency.

Explanation:

It operates a substantial business abroad for high-end luxury hotels. It authorized a project manager to "charge" a government official a charge of 500 for speeding up the building permit process. so

  • Under the law, it is illegal to bribe foreign officials to get business. But there is an exception to "facilitation payments", also known as grease payments made to speed up general government functions.
  • Flexible payments can be used to persuade government officials to perform work that is already being done. Although many have argued that such payments are important for their operations in some areas, such as Asia and Africa, the difference between facility payment and bribery remains unclear.

You might be interested in
This morning your manager asked you to complete a special task by this afternoon. While you are working on it, a customer asks y
dem82 [27]
Ill ask for help from another coworker- if there was no one else available to help them I would help the customer if I am in that field


i needed points
8 0
2 years ago
EA8.
docker41 [41]

Answer:

Bribery in the world of business typically happens when an organization or representative of an organization gives financial benefits to an official to gain favor or manipulate a business decision - True.

Bribery is the giving or offering of items of value (especially money) to a government official in exchange for favorable treatment. Bribing is unethical and illegal, but it is common practice in many countries, so common that it is expected.

The Foreign Corrupt Practices Act was implemented in the aftermath of disclosures that businesses were violating the IMA Code of Ethics - True.

In the seventies, U.S. Government investigations found that hundreds of U.S. companies operating abroad had turned to bribery in order to gain the favor of foreing officials. This conduct is related to the statement explained above: bribery is pervasive in many countries around the world.

Managers are required to follow specific rules issued by the IMA for internal financial reporting. - False.

The IMA Code of Ethics does not provide specific rules for financial reporting (these specific rules are found instead either in the Generally Accepted Accounting Principles (GAAP) or in the or in the International Financial Reporting Standards (IFRS)).

The IMA Code of Ethics instead provides principles, or ethical guidelines, to be followed by participants in the management accounting profession.

Ethics is more than obeying laws - True.

Ethics goes beyond what is legally right, and is more related to what is morally right. An ethical person should do the right thing even if there is no legal code explicitely telling him to do so.

The Sarbanes-Oxley Act addressed public company accounting reform. - True

This act added requirements for public accounting firms, and included legal penalties including possible jail time for certain types of misconduct. The Act was enacted following major accounting scandals such as Enron.

5 0
3 years ago
The term for a rise in prices of general consumer goods is
skad [1K]
C. Inflation

If you require clarification on why, feel free to comment! 

3 0
3 years ago
Betty Brown is currently developing a mission statement for her boutique. In what stage of growth is Betty's business?
soldi70 [24.7K]
I believe the answer is either C or d
7 0
3 years ago
Read 2 more answers
Martha loves to eat chili, especially an award-winning chili recipe that calls for using 2 tablespoons of chili powder for every
svetoff [14.1K]

Answer:

Correct Option is (A) U=min{2B,P}

Explanation:

The solution and complete explanation for the above question and mentioned conditions is given below in the attached document.i hope my explanation will help you in understanding this particular question.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Dr. wahls explains at great length the importance of diet to mitochondrial function, but if you had to simplify her message to f
    9·1 answer
  • What is the maximum IRA contribution that Mr. Janson can make under each of the following assumptions? He is age 20 and single.
    13·2 answers
  • I would say, "This situation is a problem for someone with Sharon’s leadership style. Sharon’s team has been on the job for a wh
    12·1 answer
  • Assume there are two industries in our​ economy: the production of pizza and the production of calzones. Each of these products
    12·1 answer
  • Stock A has a beta of .5, and investors expect it to return 5%.
    8·1 answer
  • Assume bonds payable are amortized using the straight-line amortization method unless stated otherwise.
    6·1 answer
  • 2.June Cunningham deposited $54,200 in the bank on January 1, 2006. On January 2, 2016, this deposit has accumulated to $106,611
    11·1 answer
  • Which of the following statements about employment-at- will is true? ​
    8·1 answer
  • At the end of the closing process, Income Summary will hold a balance.
    14·1 answer
  • When it comes to executing plans, what is the role of a manager?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!