While bribery is strictly forbidden by the U.S. Foreign Corrupt Practices Act, __________________ (2 words), or small amounts of money that changes hands in order to get a job done faster, are not.

Question

BlackTom AI · Accepted Answer

The prompt presents a fill-in-the-blank statement about the U.S. Foreign Corrupt Practices Act and asks to complete it with a two-word phrase.
Because no multiple-choice options are provided, I will focus on explaining the key concept and why the expected two-word answer fits.
The blank should be filled with 'facilitating payments.' In FCPA terminology, facilitating payments (also called grease payments in common parlance) are small bribes or payments made to expedite or secure routine governmental actions (like processing papers, issuing licenses, or providing access) that are typically required as part of ordinary administrative processes.
These payments are distinct from broader bribery: regular bribes (which are illegal under FCPA) aim to induce the official to perform an action outside the normal scope of routine government procedures or to show favoritism for improper purposes. Facilitating payments, by contrast, are intended to speed up actions that are considered routine and are usually small in amount; however, their permissibility is a controversial area and many organizations choose to prohibit them despite the formal allowance in some interpretations of the law.
Common misconceptions to watch for include:
- Believing all payments to officials are illegal under FCPA; in fact, facilitating payments are a narrow exception and are not intended to influence outcomes beyond routine actions.
- Assuming any payment to a government employee is a violation; the critical distinction is whether the payment is to obtain a non-routine act or an action that is already expected as part of standard procedures.
- Equating facilitating payments with full bribery; the latter involves influencing decisions beyond ordinary administrative steps and is generally prohibited.
In summary, the two-word phrase that correctly completes the sentence is 'facilitating payments,' which refers to small payments aimed at expediting routine government actions and is treated differently from prohibited bribery under FCPA.

MKTG 445 (003 - 12:20pm) EXAM # 2

While bribery is strictly forbidden by the U.S. Foreign Corrupt Practices Act, __________________ (2 words), or small amounts of money that changes hands in order to get a job done faster, are not.

View Explanation

Log in for full answers

Similar Questions

A civilian can give gifts to public officers as thank you for expediting their affairs with the department. This situation is allowed to convey appreciation.

What is the difference between bribery and corruption?

What is the difference between bribery and corruption?

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

Which of the following statement regarding cost is correct:

More Practical Tools for Students Powered by AI Study Helper

Homework AI Solver

Stylized AI Paper Writer

Plagiarism Checker Assistant

Citation AI Academic Writing Tool

In-Class Translation Assistant

AI Note Generator

AI Quiz Answers

Past Exam Questions from University Test Bank

Smart Practice Assistant

Adaptive Practice

Making Your Study Simpler