Final answer:
b) False. despite varying cultural and legal norms in other countries that might allow for bribery, U.S. firms and their employees are not permitted to engage in such practices under the Foreign Corrupt Practices Act. Compliance with the FCPA is crucial for U.S.
Explanation:
In the United States, the Foreign Corrupt Practices Act (FCPA) strictly prohibits U.S. firms and their employees from paying bribes, regardless of whether such practices are condoned or customary in other countries. The FCPA mandates that U.S. companies adhere to strict ethical standards when conducting business abroad. Even if bribery is considered acceptable in certain cultural or legal contexts elsewhere, U.S. firms must comply with U.S. law, and engaging in bribery can result in severe legal consequences, including hefty fines and imprisonment for individuals involved.
Furthermore, the FCPA aims to level the playing field by promoting fair and ethical business practices globally. While some countries may have different cultural norms regarding bribery, U.S. companies must adhere to higher ethical standards set forth by their home country's laws. Consequently, these firms are not permitted to pay bribes, as doing so would violate U.S. law and ethical business principles.
To summarize, despite varying cultural and legal norms in other countries that might allow for bribery, U.S. firms and their employees are not permitted to engage in such practices under the Foreign Corrupt Practices Act. Compliance with the FCPA is crucial for U.S. companies to maintain integrity, uphold ethical standards, and avoid legal repercussions when conducting business internationally.