Why Has There Been Little Understanding of the Nature of White-Collar

question 41

Multiple Choice

Why has there been little understanding of the nature of white-collar crime?

• A) The number of victims affected has made collecting evidence of white-collar offending difficult.
• B) There has not been enough research on white-collar offending.
• C) Few white-collar crimes are discovered.
• D) White-collar crime is treated in the same manner as traditional crime.

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Definitions:

Account Balance

The sum of money available in a financial account at a specific moment.

Trial Balance

A trial balance is a bookkeeping worksheet wherein the balances of all ledgers are compiled into debit and credit account columns to ensure total debits equal total credits.

Debits

Debits are accounting entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts.

Credits

Entries in accounting that increase liabilities or equity accounts, or that decrease asset or expense accounts, reflecting the sources of funds.