Bernie Madoff, Recently Sentenced to 150 Years in Prison for Creating

question 15

Multiple Choice

Bernie Madoff, recently sentenced to 150 years in prison for creating a Ponzi scheme which caused clients to lose millions of dollars, engaged in which form of crime?

• A)Street crime
• B)Corporate crime
• C)Violent crime
• D)Institutional crime

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Definitions:

Resource Input Stakeholders

Individuals or groups who provide essential resources or inputs needed for a project, business, or any initiative to succeed.

Product Output Stakeholders

Individuals or groups who are directly affected by the production and outcome of a product, including consumers, employees, investors, and suppliers.

Value Creation

What occurs when the result of a work task or activity makes a product or service worth more in terms of potential customer appeal than at the start.

Sustainable Business

A business approach that focuses on meeting the needs of the present without compromising the ability of future generations to meet their own needs.