Question

According to the FCPA, U.S. managers are criminally liable Question 5 options: a) Only for bribes paid in the U.S. and not in other countries where it is common practice in business dealings. b) For bribes paid by foreign agents, if managers know about them. c) For all bribes by employees or agents of the U.S. company even if the U.S. managers do not know about them. d) Only for bribes that they pay directly to a foreign official.

Answer 1

Answer:

c) For all bribes by employees or agents of the U.S. company even if the U.S. managers do not know about them.

Explanation:

The Foreign Corrupt Practices Act (FCPA) is a federal law of the United States of America that explicitly prohibits its citizens and business firms from engaging in bribery of foreign of foreign government officials in order to gain favors or profit their business. This Act was enacted by the 95th US Congress and signed into law by President Jimmy Carter on the 19th of December, 1977.

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information.

According to the Foreign Corrupt Practices Act (FCPA), managers in the United States of America are criminally liable for all bribes by employees or agents of the U.S. company even if the U.S. managers do not know about them. Thus, ignorance by a manager in the United States of America about a bribe given by one of their employees wouldn't make him or her innocent of the crime committed by the employee.