Asked by Vritra Official on Jul 08, 2024
Verified
The illegal acts conducted by companies caught up in recent corporate scandals generally contain the word(s)
A) fraud.
B) tax evasion.
C) conflict of interest.
D) money laundering.
Fraud
Wrongful or criminal deception intended to result in financial or personal gain.
Tax Evasion
The illegal practice of not paying taxes by individuals or businesses by not reporting income, reporting expenses not legally allowed, or by not paying taxes owed.
Money Laundering
The illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to be earned legally.
- Grasp the legal sequels and repercussions stemming from corporate irregularities in the realm of fraud, defiance of antitrust rules, and regulatory body's responses.
Verified Answer
LN
Leslie NievesJul 08, 2024
Final Answer :
A
Explanation :
Fraud is a common illegal act conducted by companies caught up in recent corporate scandals. Examples include accounting fraud, securities fraud, and insider trading. Tax evasion, conflict of interest, and money laundering may also be involved, but fraud tends to be the most prevalent.
Learning Objectives
- Grasp the legal sequels and repercussions stemming from corporate irregularities in the realm of fraud, defiance of antitrust rules, and regulatory body's responses.