The Anti-Kickback Act of 1986 intends to prevent: A. bribery, by punishing perpetrators with up to 15 years in prison. B. any scheme to defraud federally insured financial institutions. C. the giving or receiving of any thing of value by a subcontractor to a prime contractor. D. individuals from using insider information to purchase or sell a company's securities.

Question

Phoenix Kim

Business

12 September, 15:11

The Anti-Kickback Act of 1986 intends to prevent: A. bribery, by punishing perpetrators with up to 15 years in prison. B. any scheme to defraud federally insured financial institutions. C. the giving or receiving of any thing of value by a subcontractor to a prime contractor. D. individuals from using insider information to purchase or sell a company's securities.

+5

Answers (1)

Know the Answer?

Noel Bright · Answer 1

C. the giving or receiving of any thing of value by a subcontractor to a prime contractor.

Explanation:

Kickbacks are gifts or financial favours that bare given in order to gain something in return. It is usually given to someone in decision making position.

The Anti-Kickback Act of 1986 applies to government contractors, and aims to eliminate the practice where subcontractors give kick back to employees of a cost-plus-a-fixed fee or cost reimbursible prime contractors for the purpose of securing contract awards.