Final answer:
The purpose of the Foreign Corrupt Practices Act (FCPA) is to prevent bribery and corruption in international business transactions. It promotes transparency and integrity in international business and protects the reputation of U.S. companies.
Step-by-step explanation:
The purpose of the Foreign Corrupt Practices Act (FCPA) is to prevent bribery and corruption in international business transactions. The FCPA makes it illegal for U.S. individuals and companies to pay bribes to foreign officials in order to obtain or retain business.
One of the main goals of the FCPA is to promote transparency and integrity in international business. By prohibiting bribery, the act aims to level the playing field for businesses and encourage fair competition.
For example, if a U.S. company offers a bribe to a foreign official to secure a contract, they would be violating the FCPA. This act helps maintain ethical standards in international business dealings and protect the reputation of U.S. companies operating abroad.