international business

Question 1

FCPA

Answer 1

Foreign Corrupt Practices Act (FCPA)

Question 2

What does the foreign corrupt practices act prohibit?

Answer 2

Prohibits all U.S. companies from bribing foreign government or political officials.

Question 3

What is the difference between a bribe and grease payment?

Answer 3

Bribe- anything of value not just money, illegal.
- Grease: payments are non discretionary facilitating payments. They are usually small
Legal to pay under foreign law

Question 4

Do american companies have to comply with american anti discrimination laws when operating overseas? When are they required to?

Answer 4

• Employers are not required to comply with employment discrimination laws if compliance would violate the law of the foreign country in which the workplace is located.

Question 5

In case of a violation who is liable

Answer 5

both the employee and the employer are liable.

Question 6

Violations can result in

Answer 6

fines of up to 2 million dollars for companies and a fine and imprisonment for individuals.

Question 7

Fines imposed upon individuals

Answer 7

may not be paid directly or indirectly by the employer.

Question 8

The Civil Rights Act bans

Answer 8

discrimination on the basis of sex.