Jerome Kerviel, Joseph Jett, and Nick Leeson Had What in Common

question 55

Multiple Choice

Jerome Kerviel, Joseph Jett, and Nick Leeson had what in common?

• A) They all went to jail
• B) They all bankrupted or nearly bankrupted their companies
• C) They all embezzled from their companies
• D) None of the above

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Definitions:

Economic Competition

The rivalry among companies in the marketplace for the consumer's preference in order to maximize sales, profits, and market share.

Vested Interests

Parties with a strong existing interest in maintaining or influencing a particular condition or set of policies for personal or economic gain.

Patriarchy

In this system, males are the primary holders of power, leading in government, moral leadership, enjoying societal benefits, and owning property.

Bureaucratic Organization

A form of organization structured hierarchically, governed by formal rules and regulations, and characterized by specialized roles and impartiality of its members.