What type of crimes are committed by affluent individuals or corporations during their daily business activities?

Prepare for the CLEP Sociology Exam. Access flashcards and multiple choice questions with detailed explanations and hints. Enhance your readiness for the exam day!

The correct answer is white-collar crime, which is characterized as non-violent crimes committed for financial gain through deceit and often occurs in the course of business activities. This type of crime typically involves individuals in positions of trust or authority within corporations, as they exploit their access to information and resources to engage in fraudulent practices. Common examples of white-collar crime include insider trading, embezzlement, fraud, and money laundering.

White-collar crime is significant because it can have widespread implications on the economy, undermining public trust in institutions and impacting various stakeholders, from employees to consumers. The sophistication and complexity of these crimes often make them difficult to detect, distinguishing them from other types of crime that may involve more direct physical harm or property damage.

Understanding this category of crime is crucial in recognizing how socioeconomic factors and power dynamics can influence criminal behavior in the business world.

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