U.S. Foreign Corrupt Practices Act, business and finance homework help
This is a financial management for multinational enterprisescourse.APA format in writing, proper citations, and reference.Must have proper headings and must have 6 -8 paragraphOV score lower than 24. It must have introduction andconclusionPaper due today in 5 hours please.Assignment below:Joseph Ingle, an overseas salesmanager, has been dealing with a serious issue that is affecting Axetem’sforeign sales. Joseph has told Axetem’s CEO, Brian Tobias, that his sales teamseems to be at a distinct disadvantage in the local markets of severalcountries. This is because other local competitors are using monetaryincentives, favors, and expensive gifts to persuade the purchasing managers atmajor companies in those countries to place their orders with them as opposedto Axetem. It is also despite the fact that Axetem’s product lines are bothcompetitively priced and also of better quality.As a result, several of Joseph’ssalespeople are now putting pressure on him to arrange for gifts to thepurchasing agents of these companies because this seems to be an accepted wayof doing business in those cultures. Joseph has also told Mr. Tobias that, insome instances, there are not even specific laws addressing this issue in thesecountries.Brian Tobias has asked you tocomplete the following task for him:Compose an e-mail to Joseph explaining the U.S. ForeignCorrupt Practices Act and its control objectives related to alltransactions and accounts. Include any recent changes to the FCPA and provide examples of current cases involving the act. (3– 4 cases) Also, explain the penalties of noncompliance with thislaw.Thanks
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