Question

In: Operations Management

Succinctly outline at least two ways in which a crime committed by a business entity is...

Succinctly outline at least two ways in which a crime committed by a business entity is different from a crime committed by a natural person. (For instance, can a business entity be effectively punished? Can a business be deterred from law-breaking? Can a business entity have "intent"? Etc.)

Solutions

Expert Solution

Crime committed by a business entity is different from the crime committed by the individuals, as in former, the illegal activities performed by the employees of the corporation make the company liable, not the employees as individuals ( if they are working on company's instructions leading to violation of law) because it is the company which is benefited in some way or other through illegal activity. In later, the crime is committed by an individual for personal gains and benefits, which is not the case in former.

Other difference is the way the liability is fixed. As an individual, the person is responsible for his criminal actions whereas the company is liable if it fails to detect, monitor and prevent the wrong actions of its employees who might violate the law for personal gains ( sometimes also benefiting the company).

The company can not be subjected to imprisonment or death penalty for its crimes, as in case of an individual, but can only be punished with fines, penalties, imposing of restrictions etc. There are times when corporations also have malicious intent to commit crimes with a short term approach of becoming rich. The instances can be minimized by effective regulations, monitoring and preventive actions by law enforcement agencies.


Related Solutions

(Legal reasoning): Suppose a crime has been committed. Blood is found at the scene for which...
(Legal reasoning): Suppose a crime has been committed. Blood is found at the scene for which there is no innocent explanation. It is of a type which is present in 1% of the population. a. The prosecutor claims: “There is a 1% chance that the defendant would have the crime blood type if he were innocent. Thus there is a 99% chance that he is guilty”. This is known as the prosecutor’s fallacy. What is wrong with this argument? b....
In light of corporate crime, what position in a business entity would give you the best...
In light of corporate crime, what position in a business entity would give you the best chance to deter corporate crime and why do you feel this way?
1- Name at least two ways in which an organization could avoid being assessed with the...
1- Name at least two ways in which an organization could avoid being assessed with the accumulated earnings tax? (PHC)? 2- Phillip Morris, Inc. recently announced plans to buy the stock of Nabisco for $11 billion in cash and other assets. What type of reorganization, if any, will the transaction be?
Question 1 Differentiate between Data and Information. Identify and explain at least two ways in which...
Question 1 Differentiate between Data and Information. Identify and explain at least two ways in which Information Technology enhances: Financial analysis Management decision making, and (iii) Development of careers in Finance    State and briefly explain five (5) limitations of using Information Technology in Finance? Giving examples, briefly explain two of the following management reports: Analyses Prediction Forecast Optimization report. Exceptional report.
Describe at least two ways in which you think history is repeating itself in today's health...
Describe at least two ways in which you think history is repeating itself in today's health care delivery system. At least 350 - 500 words in length
Outline the ways in which FED easing affects the yield curve. Is it possible for an...
Outline the ways in which FED easing affects the yield curve. Is it possible for an increase in the real money supply (FED easing) to actually have exactly the opposite effect? Explain the basis of why this is or isn’t possible.
Outline the ways in which FED easing affects the yield curve. Is it possible for an...
Outline the ways in which FED easing affects the yield curve. Is it possible for an increase in the real money supply (FED easing) to actually have exactly the opposite effect? Explain the basis of why this is or isn’t possible. The term yield curve refers to the relationship between the short- and long-term interest rates of fixed-income securities issued by the U.S. Treasury.
Outline the ways in which FED easing affects the yield curve. Is it possible for an...
Outline the ways in which FED easing affects the yield curve. Is it possible for an increase in the real money supply (FED easing) to actually have exactly the opposite effect? Explain the basis of why this is or isn’t possible. The term yield curve refers to the relationship between the short- and long-term interest rates of fixed-income securities issued by the U.S. Treasury.
Which of the following statements is false? a. The accounting period of a business entity is...
Which of the following statements is false? a. The accounting period of a business entity is usually one year. b. Expenses must be recorded as soon as they are realized or incurred.
Both neurons and cardiac muscle cells have action potentials. Discuss at least two ways in which...
Both neurons and cardiac muscle cells have action potentials. Discuss at least two ways in which neural and cardiac action potentials, and the way they spread between cells, are different.Both neurons and cardiac muscle cells have action potentials. Discuss at least two ways in which neural and cardiac action potentials, and the way they spread between cells, are different.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT