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AP LAWCET Business Crime — practice questions

Explore 30 free Business Crime questions in AP LAWCET Legal Studies. Open each question or exercise to read its content, reference answers and available explanation.

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Business Crime questions and exercises with answers

Showing questions 1–30 of 30.

Crimes marked by deceit, concealment or a violation of trust are called:Read the answer and worked solution →Intentional misrepresentation of material facts for monetary gain is:Read the answer and worked solution →White collar crime does not depend on violence or:Read the answer and worked solution →A business crime involving the postal system or interstate commerce violates:Read the answer and worked solution →An investment scam promising low risk and high returns is a:Read the answer and worked solution →In such a scheme, the high returns paid to old investors come from:Read the answer and worked solution →In a Ponzi scheme, the investors' rate of return does not depend on the:Read the answer and worked solution →The best known modern Ponzi scheme, run for 20 years, was operated by:Read the answer and worked solution →The Madoff scheme collapsed in which year, when investors tried to withdraw funds?Read the answer and worked solution →Two forms of theft that occur inside a business are embezzlement and:Read the answer and worked solution →Taking a colleague's laptop intending to keep it is an example of:Read the answer and worked solution →An officer entrusted with petty cash who takes some for himself commits:Read the answer and worked solution →At Koss Corporation, the finance officer was convicted of embezzling:Read the answer and worked solution →Environmental statutes commonly carry penalties that are criminal and:Read the answer and worked solution →Laws that forbid restraining trade or dominating a market are:Read the answer and worked solution →The control of one organisation over an entire market is called a:Read the answer and worked solution →Monopolies reduce competition and can harm which of the following?Read the answer and worked solution →Loan sharking, blackmailing and money laundering are activities grouped as:Read the answer and worked solution →The federal law aimed at prosecuting racketeering is known by the acronym:Read the answer and worked solution →Exchanging money or anything of value for a favourable action is:Read the answer and worked solution →Passing criminally obtained money through legitimate businesses is called money:Read the answer and worked solution →White collar crime is generally motivated by the desire to gain or keep:Read the answer and worked solution →Catch the business crimesRead the answer and worked solution →Pop the racketeering actsRead the answer and worked solution →Run the crime gatesRead the answer and worked solution →Slice the legal termsRead the answer and worked solution →Entrusted or takenRead the answer and worked solution →Sort the crime ideasRead the answer and worked solution →Type the numberRead the answer and worked solution →Business crime bingoRead the answer and worked solution →

Worked practice questions

Crimes marked by deceit, concealment or a violation of trust are called:

  1. White collar
  2. White cotton
  3. White crystal
  4. White carbon
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Correct answer: A. White collar

1. No violence is involved. 2. The offender works inside a business. 3. Those are white collar crimes. _Source: OpenStax Business Law I Essentials 2e, Chapter 5, Criminal Liability._

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Intentional misrepresentation of material facts for monetary gain is:

  1. Frigate
  2. Fraud
  3. Fright
  4. Freight
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Correct answer: B. Fraud

1. Facts are twisted on purpose. 2. The aim is financial gain. 3. That offence is fraud. _Source: OpenStax Business Law I Essentials 2e, Chapter 5, Criminal Liability._

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White collar crime does not depend on violence or:

  1. Threats
  2. Tickets
  3. Treaties
  4. Trenches
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Correct answer: A. Threats

1. Force is not part of the method. 2. Deceit does the work instead. 3. So neither violence nor threats. _Source: OpenStax Business Law I Essentials 2e, Chapter 5, Criminal Liability._

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