Assignment task: A newly established U.S-based firm trying to secure business in a foreign country bribes a foreign government official in order to obtain business over which that foreign official has authority. Which statement regarding the Foreign Corrupt Practices Act (FCPA) applies to this scenario?
1. This practice is allowed by the FCPA because the bribe was to a government official rather than a business owner or representative.
2. This would be an illegal practice in all respects according to the FCPA.
3. Because this is a U.S.-based business operating overseas, this practice is acceptable to the FCPA.
4. The FCPA will overlook this practice for now; once the U.S. company has an established business overseas, any subsequent bribes will be illegal.