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What are the main features of the 1977 Foreign Corrupt Practices Act (FCPA)?

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The Foreign Corrupt Practices Act (FCPA)...

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The Foreign Corrupt Practices Act (FCPA)


A) doesn't apply to countries where bribery is common.
B) makes no distinction between bribery and extortion.
C) provides stiff fines but not prison sentences for corporate officials engaging in bribery overseas.
D) outlaws "grease payments".

E) A) and C)
F) B) and D)

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The SEC's insider-trading rule reduces equality of opportunity in the marketplace.

A) True
B) False

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Insider trading is the buying or selling of stocks by business "insiders" on the basis of information that has not yet been made public and is likely to affect the price of the stock.

A) True
B) False

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