Which of the Following Statements About the Application of Criminal

question 90

Multiple Choice

Which of the following statements about the application of criminal laws to harms committed by businesses is true?

• A) There has been a great deal of consensus that they are needed
• B) The Reagan Administration of the 1980s is closely associated with their expanded application
• C) The proper lines of demarcation between acceptable and unacceptable practices have not been self-evident to all
• D) They have proven easier to formulate and apply than formulating and applying laws to conventional crime

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Definitions:

Current prices

Prices at which goods and services are being sold in the present market, reflecting the current economic conditions.

LIFO

The "last in, first out" method of inventory valuation, where the most recently acquired items are considered sold first, used in periods of inflation to increase cost of goods sold and reduce taxes.

Periodic inventory system

An inventory accounting system where updates to inventory accounts are made periodically, typically at the end of a financial period, rather than after each transaction.

Ending inventory

The value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus cost of goods sold.