The USCongress Has Identified ______ as "An Illegal Act or Series

question 53

Multiple Choice

The U.S.Congress has identified ______ as "an illegal act or series of illegal acts committed by non-physical means and by concealment or guile, to obtain money or property, or to obtain business or personal advantage."

• A)corporate crime
• B)occupational crime
• C)organized crime
• D)white-collar crime

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Definitions:

Board of Directors

A group of individuals elected to represent shareholders and make major decisions concerning the company's operations, finance, and policies.

Personal Capacity

Refers to the ability of an individual to make legal agreements or perform an act on their own behalf.

Convertible Bond

A type of bond that can be converted into a predetermined number of shares of the issuing company's stock at certain times during its life, usually at the discretion of the bondholder.

Unsecured Bond

A type of bond that is not backed by collateral, relying solely on the issuer's creditworthiness.