White-collar Crime and Corporate Misconduct Quiz

White-collar crime involves non-violent, financially motivated offenses typically committed by individuals, such as embezzlement.

White-collar crime is characterized by financial motivation rather than physical violence.

Burglary is a form of street crime and is not considered a white-collar crime.

Corporate misconduct includes unethical actions within a corporation, such as bribery and corruption.

The fraud triangle is a model explaining the three elements – motive, opportunity, and rationalization – necessary for fraud to occur.

Insider trading involves trading securities based on material, non-public information.

The Sarbanes-Oxley Act is legislation designed to improve financial reporting and corporate governance.

The primary difference lies in the socioeconomic status of offenders, with white-collar crime typically associated with individuals of higher social and economic status.

The FBI is the primary federal agency responsible for investigating white-collar crime in the United States.

Whistleblowers play a crucial role in exposing corporate misconduct by reporting unethical behavior.

'Pump and dump' is a securities fraud scheme involving artificially inflating stock prices before selling off shares.

Forensic accountants play a role in investigating white-collar crime by analyzing financial data for evidence of fraud.

'Shell companies' are front companies used for various illicit activities in the context of white-collar crime.