A Major Consequence of the Corporate Scandals in 2008 Was

question 6

Multiple Choice

A major consequence of the corporate scandals in 2008 was __________.

• A) the loss of public trust
• B) the increase in security measures
• C) the permanent collapse of the stock market
• D) the elimination of the U.S. underclass

---

Definitions:

White-Collar Criminals

Individuals who commit non-violent, financially motivated crimes, typically involving fraud, embezzlement, or other forms of deceit carried out during professional employment or activities.

Punishment

A penalty imposed for wrongdoing, intended to correct, deter future offenses, and serve as retribution.

Mail Fraud

A criminal act involving the use of postal or electronic mail services to carry out a scam or fraudulent scheme.

False Pretenses

Obtaining money, property, or services from another through misrepresentation or deceit.