Question

1.

Which of the following are primary sources of American laws governing businesses?

Group of answer choices

statutory laws

regulations created by state and federal administrative agencies

case law and common law doctrines

all of these

2.

The Foreign Corrupt Practices Act (FCPA) is a U.S. anti-bribery law that generally prevents bribery of foreign government officials by U.S. business and their employees, directors, owners, and agents.

Group of answer choices

True

False

3.

One of the ways that the federal Sarbanes–Oxley Act helps reduce business fraud and unethical management decisions is by requiring companies to set up confidential systems for employees to report suspected unethical accounting practices.

Group of answer choices

True

False

Answer 1

1> all of these

The corporate laws are affected by state and central regulations, statutory laws and case laws. Thus, all the options are correct.

2> True

FCPA prevents US citizens and business to bribe foreign government officials for the business interest of that firm.

3> True

SOX acts were introduced so that the investors gain confidence and a confidential system to report unethical practice in a company will definitely help prevent the damage and dispersion of the true event.