QUESTION 1 A kickback is a payment made by a vendor to emplo

QUESTION 1

A kickback is a payment made by a vendor to employees of a purchasing company for directing business to the vendor.

True

False

QUESTION 2

A business diversion is the offering, giving, receiving, or soliciting anything of value to influence an official.

True

False

QUESTION 3

When an employee demands a payment demands a payment from a vendor in order to make a decision in that vendor’s favor, it is called an illegal gratuity.

True

False

QUESTION 4

Most of conflicts of interest occur because there is an undeclared economic interest in the transaction.

True

False

QUESTION 5

The majority of conflicts of interest frauds are involved in purchasing or sales schemes.

True

False

QUESTION 6

The Foreign Corrupt Practices Act is a state law in Massachusetts that prohibits conflicts of interest.

True

False

QUESTION 7

The Foreign Corrupt Practices Act requires publicly traded corporations to keep accurate books and records and adopt a system of internal controls.

True

False

QUESTION 8

Under the Foreign Corrupt Practices Act, the Congress can seek civil penalties of up to $5,000,000 for corporate entities and up to $1,000,000 for individuals who violate the law.

True

False

QUESTION 9

Collusion is a secret agreement between two or more people for a fraudulent, illegal, or deceitful purpose such as subverting the internal controls of their employer.

True

False

QUESTION 10

A slush fund is a noncompany account into which company money is deposited and from which bribes (illegally) may be paid.

True

False

		True
		False

Solution

1

Answer:

True

Explanation:

In the kickback generally vendors make undisclosed payments to employees of purchasing companies for enlisting corrupt employee for overbilling scheme so it can receive extra business.

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2

Answer:

False

Explanation:

It is not called as a business diversion but it is called as bribery which offering, giving, receiving, or soliciting anything of value to influence an official.

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3

Answer:

False

Explanation:

it is not called as a business diversion but it is called as Economic Extortion When an employee demands a payment demands a payment from a vendor in order to make a decision in that vendor’s favor,

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4

Answer:

True

Note:

AS this question has multiple question so as per guide line have answered first four questions

Explanation:

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