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Criminal Justice and Corporate Crime

Description: This quiz will test your knowledge of Criminal Justice and Corporate Crime.
Number of Questions: 15
Created by:
Tags: criminal justice corporate crime
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What is the primary goal of criminal justice in relation to corporate crime?

  1. To punish corporations for their illegal activities

  2. To deter corporations from engaging in illegal activities

  3. To compensate victims of corporate crime

  4. To rehabilitate corporations that have engaged in illegal activities


Correct Option: B
Explanation:

The primary goal of criminal justice in relation to corporate crime is to deter corporations from engaging in illegal activities. This is done by imposing sanctions on corporations that are found guilty of criminal offenses, such as fines, imprisonment of corporate officers, and restitution to victims.

Which of the following is NOT a common type of corporate crime?

  1. Fraud

  2. Environmental crimes

  3. Insider trading

  4. Shoplifting


Correct Option: D
Explanation:

Shoplifting is not a common type of corporate crime. Corporate crimes are typically committed by corporations or their employees in the course of business, while shoplifting is a crime committed by individuals.

What is the principle of corporate criminal liability?

  1. Corporations can only be held liable for crimes committed by their employees

  2. Corporations can only be held liable for crimes committed by their shareholders

  3. Corporations can only be held liable for crimes committed by their officers

  4. Corporations can be held liable for crimes committed by their employees, shareholders, or officers


Correct Option: D
Explanation:

The principle of corporate criminal liability is that corporations can be held liable for crimes committed by their employees, shareholders, or officers. This is because corporations are legal entities that can act independently of their individual members.

What is the Foreign Corrupt Practices Act (FCPA)?

  1. A law that prohibits U.S. companies from bribing foreign officials

  2. A law that prohibits foreign companies from bribing U.S. officials

  3. A law that prohibits both U.S. and foreign companies from bribing foreign officials

  4. A law that prohibits both U.S. and foreign companies from bribing U.S. officials


Correct Option: A
Explanation:

The Foreign Corrupt Practices Act (FCPA) is a law that prohibits U.S. companies from bribing foreign officials. The FCPA was enacted in 1977 in response to a series of scandals involving U.S. companies bribing foreign officials to win business.

What is the Sarbanes-Oxley Act (SOX)?

  1. A law that reformed corporate governance in the United States

  2. A law that reformed corporate accounting practices in the United States

  3. A law that reformed both corporate governance and accounting practices in the United States

  4. A law that reformed corporate governance and accounting practices in the United Kingdom


Correct Option:
Explanation:

The Sarbanes-Oxley Act (SOX) is a law that reformed corporate governance and accounting practices in the United States. SOX was enacted in 2002 in response to a series of corporate scandals, including the Enron and WorldCom scandals.

What is the role of the Securities and Exchange Commission (SEC) in regulating corporate crime?

  1. To investigate and prosecute corporate crime

  2. To regulate the securities industry

  3. To protect investors

  4. All of the above


Correct Option: D
Explanation:

The Securities and Exchange Commission (SEC) has a broad mandate to regulate the securities industry, protect investors, and investigate and prosecute corporate crime. The SEC has the authority to investigate and prosecute corporate crime, including securities fraud, insider trading, and accounting fraud.

What is the role of the Department of Justice (DOJ) in regulating corporate crime?

  1. To investigate and prosecute corporate crime

  2. To regulate the securities industry

  3. To protect investors

  4. All of the above


Correct Option: A
Explanation:

The Department of Justice (DOJ) has the authority to investigate and prosecute corporate crime. The DOJ has a broad mandate to enforce federal criminal laws, including laws that prohibit corporate crime.

What is the role of the Environmental Protection Agency (EPA) in regulating corporate crime?

  1. To investigate and prosecute corporate crime

  2. To regulate the environment

  3. To protect human health

  4. All of the above


Correct Option: D
Explanation:

The Environmental Protection Agency (EPA) has a broad mandate to regulate the environment, protect human health, and investigate and prosecute corporate crime. The EPA has the authority to investigate and prosecute corporate crime, including environmental crimes.

What is the role of the Federal Trade Commission (FTC) in regulating corporate crime?

  1. To investigate and prosecute corporate crime

  2. To regulate competition

  3. To protect consumers

  4. All of the above


Correct Option: D
Explanation:

The Federal Trade Commission (FTC) has a broad mandate to regulate competition, protect consumers, and investigate and prosecute corporate crime. The FTC has the authority to investigate and prosecute corporate crime, including antitrust violations, deceptive advertising, and unfair trade practices.

What is the role of the Consumer Financial Protection Bureau (CFPB) in regulating corporate crime?

  1. To investigate and prosecute corporate crime

  2. To regulate the consumer financial industry

  3. To protect consumers

  4. All of the above


Correct Option: D
Explanation:

The Consumer Financial Protection Bureau (CFPB) has a broad mandate to regulate the consumer financial industry, protect consumers, and investigate and prosecute corporate crime. The CFPB has the authority to investigate and prosecute corporate crime, including consumer fraud, unfair lending practices, and predatory lending.

What is the role of the Financial Industry Regulatory Authority (FINRA) in regulating corporate crime?

  1. To investigate and prosecute corporate crime

  2. To regulate the securities industry

  3. To protect investors

  4. All of the above


Correct Option: B
Explanation:

The Financial Industry Regulatory Authority (FINRA) is a self-regulatory organization that regulates the securities industry. FINRA has the authority to investigate and prosecute corporate crime, including securities fraud, insider trading, and accounting fraud.

What is the role of the National Association of Insurance Commissioners (NAIC) in regulating corporate crime?

  1. To investigate and prosecute corporate crime

  2. To regulate the insurance industry

  3. To protect consumers

  4. All of the above


Correct Option: B
Explanation:

The National Association of Insurance Commissioners (NAIC) is a self-regulatory organization that regulates the insurance industry. The NAIC has the authority to investigate and prosecute corporate crime, including insurance fraud and unfair trade practices.

What is the role of the North American Securities Administrators Association (NASAA) in regulating corporate crime?

  1. To investigate and prosecute corporate crime

  2. To regulate the securities industry

  3. To protect investors

  4. All of the above


Correct Option: B
Explanation:

The North American Securities Administrators Association (NASAA) is a self-regulatory organization that regulates the securities industry. NASAA has the authority to investigate and prosecute corporate crime, including securities fraud, insider trading, and accounting fraud.

What is the role of the International Organization of Securities Commissions (IOSCO) in regulating corporate crime?

  1. To investigate and prosecute corporate crime

  2. To regulate the securities industry

  3. To protect investors

  4. All of the above


Correct Option: B
Explanation:

The International Organization of Securities Commissions (IOSCO) is a self-regulatory organization that regulates the securities industry. IOSCO has the authority to investigate and prosecute corporate crime, including securities fraud, insider trading, and accounting fraud.

What is the role of the World Bank in regulating corporate crime?

  1. To investigate and prosecute corporate crime

  2. To regulate the global economy

  3. To promote economic development

  4. All of the above


Correct Option: C
Explanation:

The World Bank is an international financial institution that promotes economic development. The World Bank has the authority to investigate and prosecute corporate crime, including corruption and money laundering.

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