Business Ethics Test 2 Review
Business Ethics Test 2 Review
The following is the minimum review of topics that will be covered by the exam.
Ch. 6
What are the most important regulations covered under the Foreign Corrupt Practices Act
-The fcpa is a legislation introduced to control bribery and other less-obvious forms of payment to foreign officials and politicians by American publicly traded companies
- Disclosure the fcpa requires corporations to fully disclose any and all transactions conducted with foreign officials and politicians
- Prohibition the fcpa incorporated the wording of the bank secrecy act and the mail fraud act to prohibit the movement of funds overseas for the express purpose of conducting a fraudulent scheme
-facilitation payments-payments that are acceptable (legal) provided they expedite or secure the performance of a routine governmental action
-routine governmental action- any regular administrative process or procedure, excluding any action taken by a foreign official in the decision to award new or continuing business
What is a routine governmental action?- see above definition but examples are: providing permits, licenses, or other official documents to qualify a person to do business in a foreign country
-processing governmental papers such as visas and work orders
-providing police protection, mail pickup and delivery, or scheduling inspections associated with contract performance or inspections related to transit of goods across a country
- Providing phone service, power, and water supply; loading and unloading cargo; or protecting perishable products or commodities from deterioration
-performing actions of a similar nature
The key distinction in identifying bribes was the exclusion of any action taken by a foreign official in the decision to award new or continuing business. Such decisions being the primary target of most questionable payments were not deemed to be routine governmental action
How many principles are in the Defense Industry
The following is the minimum review of topics that will be covered by the exam.
Ch. 6
What are the most important regulations covered under the Foreign Corrupt Practices Act
-The fcpa is a legislation introduced to control bribery and other less-obvious forms of payment to foreign officials and politicians by American publicly traded companies
- Disclosure the fcpa requires corporations to fully disclose any and all transactions conducted with foreign officials and politicians
- Prohibition the fcpa incorporated the wording of the bank secrecy act and the mail fraud act to prohibit the movement of funds overseas for the express purpose of conducting a fraudulent scheme
-facilitation payments-payments that are acceptable (legal) provided they expedite or secure the performance of a routine governmental action
-routine governmental action- any regular administrative process or procedure, excluding any action taken by a foreign official in the decision to award new or continuing business
What is a routine governmental action?- see above definition but examples are: providing permits, licenses, or other official documents to qualify a person to do business in a foreign country
-processing governmental papers such as visas and work orders
-providing police protection, mail pickup and delivery, or scheduling inspections associated with contract performance or inspections related to transit of goods across a country
- Providing phone service, power, and water supply; loading and unloading cargo; or protecting perishable products or commodities from deterioration
-performing actions of a similar nature
The key distinction in identifying bribes was the exclusion of any action taken by a foreign official in the decision to award new or continuing business. Such decisions being the primary target of most questionable payments were not deemed to be routine governmental action
How many principles are in the Defense Industry