Question 1

[Camping profits] Eva is the vice president at Big Chain Camping Goods Store. She learns that the company is soon going to purchase a smaller chain of stores. It is expected that stock in Big Chain Camping Goods will rise dramatically at that point. Eva immediately buys a number of shares of her company's stock. She also tells her friend Claire about the expected purchase of stores. Claire wants to purchase stock in the company but lacks the funds with which to do so. Although she did not have the funds in Bank A, Claire decides to draw a check on Bank A and deposit the check in Bank B and then proceeds to write a check on Bank B to cover the purchase of the stock. Claire hopes that she would have sufficient funds to deposit before the check is presented for payment.
-By buying stock, Claire is guilty of which offense, if any?

Accepted Answer

A)   She is guilty of insider trading because she tipped information.
B)   She is guilty of an insider-trading violation because she traded on tipped information.
C)   She is guilty of extortion.
D)   She is guilty of larceny.
E)   She is not guilty of any offense.F) A) and B)
G) B) and C)

Question 2

Which of the following allows a defendant to be found not guilty by reason of insanity if he or she did not understand the nature of the act?

Accepted Answer

A)   The irresistible impulse act.
B)   The involuntary act.
C)   The substantial capacity test.
D)   The M'Naghten test.
E)   The necessity defense.F) B) and E)
G) A) and E)

Question 3

[Party Business, Inc.] Lila, who is the president of Party Business, Inc., tells Isaiah that buying stock in Party Business, Inc. right now is a good idea. Isaiah is only casually acquainted with Lila and does not know that she is an officer of the corporation. He, however, acting on her information which he believes to be public knowledge, investigates the company somewhat and proceeds to buy some stock. Both Lila and Isaiah are charged with insider trading.
-A crime can be a felony, misdemeanor, or petty offense. How is this determination usually made?

Accepted Answer

A)   The judge decides.
B)   The jury decides.
C)   The statute defining the crime usually establishes whether the crime is a felony, misdemeanor, or petty offense.
D)   The prosecutor decides how the charges will read.
E)   The statute defining the crime usually establishes whether the judge or jury decides if the crime is a felony, misdemeanor, or petty offense.F) B) and E)
G) B) and D)

Question 4

A person unlawfully enters a building with the intent to commit a felony, this would be considered a(n)  ________.

Accepted Answer

A)   robbery
B)   burglary
C)   larceny
D)   arson
E)   intentional crimeF) A) and E)
G) A) and D)

Question 5

White-collar crime is defined as a variety of nonviolent illegal acts against society that most often occur in the business context.

Accepted Answer

A) True 
 B)False

Question 6

[Party Business, Inc.] Lila, who is the president of Party Business, Inc., tells Isaiah that buying stock in Party Business, Inc. right now is a good idea. Isaiah is only casually acquainted with Lila and does not know that she is an officer of the corporation. He, however, acting on her information which he believes to be public knowledge, investigates the company somewhat and proceeds to buy some stock. Both Lila and Isaiah are charged with insider trading.
-Which of the following are typically classified white-collar crime?

Accepted Answer

A)   Mail fraud, bribery, embezzlement, and computer crimes.
B)   Mail fraud, larceny, burglary, robbery, and arson.
C)   Mail fraud, bribery, larceny, embezzlement, and computer crimes.
D)   Bribery, embezzlement, larceny, and computer crimes.
E)   Bribery, embezzlement, burglary, and computer crimes.F) None of the above
G) A) and D)

Question 7

The forceful and unlawful taking of personal property is which of the following?

Accepted Answer

A)   Robbery
B)   Burglary
C)   Larceny
D)   Arson
E)   Criminal fraudF) All of the above
G) A) and D)

Question 8

If a person uses an explosive device in order to destroy a competitor's building, this is known as ________.

Accepted Answer

A)   a white-collar crime
B)   arson
C)   larceny
D)   burglary
E)   intentional destructionF) A) and B)
G) A) and D)

Question 9

List and discuss the four activities referenced in the text that may constitute a violation of the Racketeer Influenced and Corrupt Organizations Act (RICO).

Accepted Answer

The statute makes it a federal crime to ...

Question 10

According to the case United States v. Park, corporate executives cannot be held accountable for crimes due to their failure to act.

Accepted Answer

A) True 
 B)False

Exam 7: Crime and the Business Community

Correct Answer
verified

The forceful and unlawful taking of personal property is which of the following?

Correct Answer
verified

A person unlawfully enters a building with the intent to commit a felony, this would be considered a(n) ________.

Correct Answer
verified

If a person uses an explosive device in order to destroy a competitor's building, this is known as ________.

Correct Answer
verified

According to the case United States v. Park, corporate executives cannot be held accountable for crimes due to their failure to act.

Correct Answer
verified

White-collar crime is defined as a variety of nonviolent illegal acts against society that most often occur in the business context.

Correct Answer
verified

List and discuss the four activities referenced in the text that may constitute a violation of the Racketeer Influenced and Corrupt Organizations Act (RICO).

Correct Answer
verified
The statute makes it a federal crime to ...
View Answer

Correct Answer
verified

Which of the following allows a defendant to be found not guilty by reason of insanity if he or she did not understand the nature of the act?

Correct Answer
verified

Correct Answer
verified

Exam 7: Crime and the Business Community

Correct AnswerverifiedShow Answer

The forceful and unlawful taking of personal property is which of the following?

Correct AnswerverifiedShow Answer

A person unlawfully enters a building with the intent to commit a felony, this would be considered a(n) ________.

Correct AnswerverifiedShow Answer

If a person uses an explosive device in order to destroy a competitor's building, this is known as ________.

Correct AnswerverifiedShow Answer

According to the case United States v. Park, corporate executives cannot be held accountable for crimes due to their failure to act.

Correct AnswerverifiedShow Answer

White-collar crime is defined as a variety of nonviolent illegal acts against society that most often occur in the business context.

Correct AnswerverifiedShow Answer

List and discuss the four activities referenced in the text that may constitute a violation of the Racketeer Influenced and Corrupt Organizations Act (RICO).

Correct AnswerverifiedThe statute makes it a federal crime to ...View AnswerShow Answer

Correct AnswerverifiedShow Answer

Which of the following allows a defendant to be found not guilty by reason of insanity if he or she did not understand the nature of the act?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The statute makes it a federal crime to ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified