Many White-Collar Crimes Go Unpunished Because

question 82

Multiple Choice

Many white-collar crimes go unpunished because

• A)the 2002 Sabanes-Oxley Act decreased penalties for white collar offenders.
• B)less than 10% of the U.S. population are victimized by white-collar crime.
• C)government priorities and resources have shifted to homeland security.
• D)white-collar crime results in a much smaller cost to society than street crime.

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Definitions:

Work in Process

Inventory that includes goods partially completed but not yet ready for sale, representing the costs of raw materials, labor, and overhead incurred up to that point.

Job-Order Costing

An accounting method used to track the expenses of producing a specific job, helping in setting prices and identifying profitability.

Cost of Goods Sold

The specific costs incurred in creating products that are sold by a business.

Manufacturing Overhead

All manufacturing costs other than direct materials and direct labor, including expenses like rent, utilities, and equipment depreciation.