The American Bar Association, in Its Report on Organized Crime

question 6

Multiple Choice

The American Bar Association, in its Report on Organized Crime (1952) , concluded that "the largest single factor in the breakdown of law enforcement in dealing with organzied crime is ______.

• A) corruption of many public officials
• B) intercepting financial accounts in overseas banks
• C) investigating illegal business practices
• D) stopping the misrepresentation of business practices

Calculate the opportunity cost related to personal decisions and economic transactions.

Relate the concept of opportunity cost to production and service outsourcing decisions.

Define the scope of economics and its application to decision-making and resource allocation.

Recognize the impact of information availability on market operations and efficiency.

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Definitions:

Retains Earnings

Profits that a company chooses to re-invest in the business rather than distribute to shareholders.

Capital Intensity Ratio

The capital intensity ratio measures the amount of capital needed per dollar of revenue; a higher ratio indicates that more assets are needed to generate income.

2018 Data

Information or statistics from the year 2018, typically used for analytical or comparison purposes.