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Bribery and Corruption in Foreign Markets MCQ

Bribery and Corruption in Foreign Markets MCQ

1. What was the outcome of Monsanto’s bribe to the Ministry of Environment?

Answer

Correct Answer: Agreed to pay a fine of $1.5 million

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2. Equatorial Guinea had been ravaged by an 11-year dictatorship by ______ as it struggled to overcome centuries of colonialism that had stripped the country of its few natural resources.

Answer

Correct Answer: President Obiang

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3. Which oil company has been criticized for helping to sustain the Obiang regime, which continues to engage in vast corruption and human rights abuses?

Answer

Correct Answer: Exxon Mobil

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4. How did Exxon Mobil defend its working with Obiang to U.S. Foreign Corrupt Practices Act?

Answer

Correct Answer: They never bribed anyone in Equatorial Guinea.

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5. Under the terms of the Exxon Mobil oil contract, the company keeps much of the oil it takes from ______ and pays the government royalties, bonuses, and taxes.

Answer

Correct Answer: Zafiro

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6. U.S. District Court for the District of Columbia charged Monsanto with failure to ______ an adequate system of internal accounting controls.

Answer

Correct Answer: Develop and modify

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7. U.S. District Court for the District of Columbia charged Monsanto with failure to ______ an adequate system of internal accounting controls.

Answer

Correct Answer: Devise and maintain

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8. What did Monsanto offer the Ministry of Environment to repeal the environmental impact study requirement?

Answer

Correct Answer: $50,000

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9. Which president was accused of countless human rights abuses, with their country sometimes described as a “human rights sinkhole?”

Answer

Correct Answer: President Suharto

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10. Monsanto was giving “gifts” and gratuities to the right people in order to help ensure approval of its ______.

Answer

Correct Answer: Genetically modified cotton crops

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11. Bribes and generous payments made to ______ have become a way of life in some countries.

Answer

Correct Answer: Public officials

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12. Underpaid hospital physicians and pharmacists were susceptible to the sort of bribes offered by Big Pharma companies like ______.

Answer

Correct Answer: GlaxoSmithKline

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13. The ______ and ______ of Chinese doctors and health care workers have led to their susceptibility to bribery.

Answer

Correct Answer: Low salaries; restrictions

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14. Despite comprehensive new ______ and stricter enforcement of old ones, bribery remains rife throughout pockets of the global economy.

Answer

Correct Answer: Laws

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15. Bribes corrupt those who give and receive these illegal payments, while also diminishing ______ and political legitimacy.

Answer

Correct Answer: Economic efficiency

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16. U.S. prosecutors pursued the Odebrecht construction company for violating the ______.

Answer

Correct Answer: Foreign Corrupt Practices Act

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17. How is the United Kingdom Parliament Bribery Act related to the Foreign Corrupt Practices Act?

Answer

Correct Answer: Both laws are fighting to stop corruption and bribery in foreign countries.

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18. Small payments made to expedite routine activities, such as clearing some goods through customs, are an example of ______.

Answer

Correct Answer: Facilitation payments

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19. What law outlaws the payment of bribes by “domestic concerns” to government officials and political parties, although the word bribe doesn’t appear in the statute?

Answer

Correct Answer: Foreign Corrupt Practices Act

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20. What does FCPA stand for?

Answer

Correct Answer: Foreign Corrupt Practices Act

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21. Bribery occurs more often in countries that pay their ______ quite poorly.

Answer

Correct Answer: Civil servants

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22. Oil, gas, mining, construction, and transportation are the most ______ bribery sectors of the global economy.

Answer

Correct Answer: Common

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23. Most economists concur that a pattern of bribery actually ______ a country’s economic growth.

Answer

Correct Answer: Hurts

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24. ______ is when someone offers or gives something of value in exchange for some service provided by another.

Answer

Correct Answer: Bribery

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25. Abuse of public office for private gain is also called ______.

Answer

Correct Answer: Corruption

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26. Bribery and ______ are a pervasive social problem with a long and sordid history.

Answer

Correct Answer: Corrupt leadership

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27. The abuse of a public office for private gain the corruption abuse of a public office for general gain.

Answer

Correct Answer: False

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28. One person’s gain of something of value in do not change for providing a service

Answer

Correct Answer: True

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