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What is Corruption: Anti-Corruption and Compliance Quiz Answers
All Week What is Corruption: Anti-Corruption and Compliance Quiz Answers
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What is Corruption: Anti-Corruption and Compliance Week 1 Quiz Answers
Quiz 1: Module 1 Quiz
Q1. True or False: Corruption is defined as systematic illegal activity in a community, country, or region.
- True
- False
Q2. A quid-pro-quo where goods or services are exchanged for some sort of political support is called:
- Nepotism
- Cronyism
- Clientelism
- Corruption
Q3. Which of the following does not constitute corruption? (Hint: There are 2 correct answers.)
- A government official accepts a golf membership from a company in exchange for special regulatory treatment.
- A lawyer accepts expensive concert tickets from a company as a thank you for helping it win a recent lawsuit.
- A politician hires a close friend as chief advisor even though the friend has no relevant education or experience.
- A government’s customs bureau charges all companies a flat fee in exchange for expediting the shipping of goods.
Q4. True or False: Though corruption is not uncommon in China, the government officials appointed to investigate it have proven to be effective.
- True
- False
Q5. Which of the following is not a downside of corruption?
- Loss of investments that would have created revenue for the country
- Loss of employment opportunities for citizens
- Loss of tax revenue
- Loss of administrative positions
What is Corruption: Anti-Corruption and Compliance Week 2 Quiz Answers
Quiz 1: The FCPA
Q1. True or False: The FCPA applies to parties beyond those living in the United States.
- True
- False
Q2. True or False: Under the FCPA, a company’s failure to implement an effective anti-corruption compliance program is a crime.
- True
- False
Q3. True or False: Facilitation payments are an affirmative defense to the FCPA.
- True
- False
Q1. Which of the following is true about corruption in the United States?
- Individuals who engage in corruption are unlikely to be prosecuted.
- Individuals who engage in corruption are likely to be prosecuted.
- Though the U.S. government used to focus on prosecuting individuals for engaging in corruption, they now focus on fining the overall corporation instead.
- Answer Choices 1 and 3
Q2. True or False: Before the FCPA was enacted, most countries dealt with corruption internally.
- True
- False
Q3. Which type of liability is not carried by the FCPA?
- Civil charges for failing to maintain a full set of accurate books and records and have internal accounting controls.
- Criminal liability for knowingly falsifying a company’s financial books and records
- Liability for commercial bribery
- Criminal liability for bribing a U.S. government official
Q4. Which of the following parties is generally not subject to liability under the FCPA? (Hint: There are 2 answers.)
- A foreign affiliate of a U.S. company
- A company that has securities registered in the U.S.
- An American businessman who purchased concert tickets for a Chinese government official in the hopes of currying favor
- An individual without any nexus to the U.S.
Q5. Which of the following might an executive or company face after it is found to have engaged in corruption? (Hint: There are 3 correct answers).
- Financial difficulties
- Civil penalties
- Arbitration of disputes
- Criminal penalties
What is Corruption: Anti-Corruption and Compliance Week 3 Quiz Answers
Quiz 1: Potential Warning Signs
Q1. True or False: To comply with anti-corruption laws, a company’s gift and entertainment policy should ban all entertainment of government officials.
- True
- False
Q2. Which of the following is not one of the primary s companies must ask themselves when conducting a risk assessment?
- Are you using third parties?
- Where are you conducting business?
- Who is associated with the business or investment you are, or will be involved with?
- What is the cost of the due diligence required to conduct the risk assessment?
Q3. True or False: A company interviews a third party vendor that requests payment in an amount substantially higher than the market rate for comparable services. Because this constitutes a warning sign for corruption, the company should not work with the vendor under any circumstances.
- True
- False
Q1. True or False: Generally, it is not a good idea to train all employees on a company’s anti-corruption policies and procedures.
- True
- False
Q2. True or False: Different departments within a company will require different types of anti-corruption training.
- True
- False
Q3. Which of the following is true about the delivery of an anti-compliance training program?
- Training should be conducted by an external lawyer or expert in the field.
- The exclusive use of web-based training sessions is common and advisable.
- Employees should be trained more than once.
- Training sessions should be sufficiently lengthy so that employees understand the gravity of the information conveyed.
What is Corruption: Anti-Corruption and Compliance Week 4 Quiz Answers
Quiz 1: Other U.S. Anti-Corruption Laws
Q1. True or False: The federal bribery statute makes it a crime for a corporate official to receive or accept anything of value in exchange for being influenced in the performance of any official act.
- True
- False
Q2. In McDonnell v. United States, the Supreme Court held that an “official act” does not include setting up a meeting, talking to another official, or organizing an event.
- True
- False
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What is Corruption: Anti-Corruption and Compliance Quiz Answers
