Question : 51.The _____ outlawed the paying of bribes to foreign government : 1299267

51.The _____ outlawed the paying of bribes to foreign government officials to gain business.  

A. Monopoly trade practices Act

B. Foreign Corrupt Practices Act

C. Sullivan principles

D. Smith-Connally Act

E. Taft-Hartley Act

52._____ are the payments that are made to expedite routine government actions, and hence are also known as speed money or grease payments.  

A. Amortized payments

B. Subvention payments

C. Facilitating payments

D. Deferred payments

E. Custom payments

53.The Foreign Corrupt Practices Act was subsequently amended to allow for speed money or grease payments, which are payments made to:  

A. secure contracts that would not otherwise be secured.

B. obtain exclusive preferential treatment in a foreign market.

C. influence foreign bureaucrats in the company’s favor.

D. ensure receiving the standard treatment that a business ought to receive.

E. secure monopoly rights in less developed countries.

54.In order to build large production units and expedite certain routine government actions related to this, Scorpius Inc. made legal payments to the government officials of a host nation. Such payments are typically referred to as:  

A. bribes.

B. speed money.

C. customs duties.

D. excise taxes.

E. preferred dividends.

55.The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions:  

A. makes it mandatory for the companies to adhere to the pollution control standards of their home country in all the nations in which they do business.

B. does not consider facilitating payments a criminal offense.

C. makes grease payments mandatory in order to obtain exclusive preferential treatment in a host nation.

D. considers payment of speed money to be moral, but illegal.

E. makes it obligatory for companies to adopt a zero-tolerance approach toward grease payments.

56.Brain Wing Inc. has won the bid to build airplanes for one of its host countries government. However, the execution of the contract has been delayed due to certain unproductive, bureaucratic procedures in the less developed nation. In order to legally overcome this problem, Brain Wing Inc. should resort to the payment of:  

A. customs duties.

B. excise taxes.

C. expatriation taxes.

D. speed money.

E. repatriation fee.

57.Which of the following statements is true of facilitating payments?  

A. According to the Foreign Corrupt Practices Act “facilitating payments” are as illegal as bribes.

B. Facilitating payments are payments to secure contracts that otherwise would not be secured.

C. Having a zero-tolerance approach toward facilitating payments is ethical.

D. Companies are allowed to make facilitating payments only in developing countries.

E. The concept of facilitating payments was introduced by the UN to put U.S. firms at a competitive disadvantage.

58.The concept of _____ refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions, and that there should be a presumption in favor of decisions that have both good economic and social consequences.  

A. corporate dissonance

B. class consciousness

C. corporate dynamism

D. social responsibility

E. economies of scale

59.In a business setting, the term “noblesse oblige” refers to:  

A. a benevolent behavior that is considered the responsibility of successful enterprises.

B. obliging a government official with the expectation of a reciprocal favor.

C. rich corporations abusing their power for private gain.

D. preferential treatment received by successful companies from governments.

E. tax exemptions that are given only to local companies but not to foreign companies.

60.Which of the following best exemplifies noblesse oblige?  

A. Multinational corporations gaining monopoly rights in developing countries in order to weaken the local competition

B. Multinational corporations funding schools, universities, and hospitals in under developed countries

C. Multinational corporations altering the laws of a host country to suit their businesses

D. Multinational corporations bribing the poorly paid government officials in a foreign market

E. Multinational corporations moving production to developing countries to exploit their lower employment standards