Which of the Following Would Be an Indirect Victim of White

question 47

Multiple Choice

Which of the following would be an indirect victim of white collar crime?

• A) An employer whose employees have embezzled significant sums from the company
• B) The patient of a physician who performed an unnecessary operation on him
• C) A welfare client whose services are cut after the state welfare department is defrauded by a private corporation
• D) An employee who suffers serious health problems after her employer illegally fails to implement safety measures

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Definitions:

Von Neumann-Morgenstern Utility Function

A utility function that assumes individuals can rank their preferences under uncertainty, used in expected utility theory to describe choices.

Insurance

A financial product that provides protection against financial loss or harm, in exchange for the payment of a premium.

Probability

A numeric representation ranging from 0 to 1 that describes the chance of an event taking place, where 0 is an event that won't occur and 1 is an event that is guaranteed.

Utility Function

A mathematical representation in economics that captures how consumers allocate their expenditure to maximize satisfaction or utility from goods and services.