White Collar Crime

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Certain industries are distinguished by means and opportunities that are conducive to crime. These factors include all of the following except: large amounts of money changing hands, individual decision-making, public attention on business activities of industry absence of government regulation.

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White collar crime refers to crimes committed in the realm of finance, especially for monetary gain, either by individuals, businesses, or the government. These crimes include embezzlement, fraud, money laundering, and tax evasion, and deceit and misrepresentation stand at the heart of them. With this in mind, let's look logically...

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White collar crime refers to crimes committed in the realm of finance, especially for monetary gain, either by individuals, businesses, or the government. These crimes include embezzlement, fraud, money laundering, and tax evasion, and deceit and misrepresentation stand at the heart of them. With this in mind, let's look logically at the question and determine which factors contribute to white collar crime.

The first option is large amounts of money changing hands. This certainly does contribute to the temptation to steal funds, either drawing them out or channeling them into different accounts. Money can easily get lost in the shuffle and end up in someone's pocket if records are altered or people aren't paying close attention. So this is definitely a factor conducive to crime.

Individual decision-making can also bring temptation. If one person has too much power and too few checks, that person can easily abuse his or her authority. People need to have to accountability, to answer to other people, and to show what they are doing and why. If an individual is allowed to make decisions alone without the input of others, he or she could easily make decisions to benefit himself or herself, and this could lead to crime.

Government regulation actually provides some accountability in the realm of business. If businesses have to abide by a set of rules and regularly show that they are, in fact, doing so, then they will likely remain more honest. The absence of that government regulation, therefore, can be conducive to crime.

So this leaves us with the idea of public attention to business activities. This will actually work to prevent white collar crime. If a business's activities are under scrutiny, people will think twice about committing crime, because their misdeeds are likely to be noticed.

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