Chapter 14 Powerpoint pt. 2

Question 1

In 1970, Congress responded to the increasingly high number of job-related deaths and injuries by passing the ___________ _______ ____ ______ ____ (_____).

Answer 1

Occupational Safety and Health Act (OSHA)

Question 2

In _____, Congress responded to the increasingly high number of job-related deaths and injuries by passing the Occupational Safety and Health Act (OSHA).

Answer 2

1970

Question 3

OSHA primarily relies on the ______ _______ and ________ ________ to ensure compliance.

Answer 3

civil process

financial penalties

Question 4

OSHA covers _________, ________, or _______ intents

Answer 4

intentional
knowing
reckless

Question 5

Securities Frauds are also known as _____ and _________ fraud.

Answer 5

stock

investment

Question 6

Security Fraud emerged as a subject of intense public interest when it was announced, in June 2002, when ______ ________ was the subject of a criminal investigation for lying about the sale of stock.

Answer 6

Martha Stewart

Question 7

_______ _____ emerged as a subject of intense public interest when it was announced, in June 2002, when Martha Stewart was the subject of a criminal investigation for lying about the sale of stock.

Answer 7

Security Fraud

Question 8

Martha Stewart was sentenced to __ months in prison and __ months of home detention as a result of her conviction for lying to investigators.

Answer 8

5 months

5 months

Question 9

______ _______- Investing in stocks a potentially profitable practice

Answer 9

Insider Trading

Question 10

_________ __________ – a high duty of care by corporate executives and corporate boards of directors to safeguard and protect the investment of stockholders

Answer 10

Fiduciary relationship

Question 11

_________ ____ _______ ________ (____)– federal agency that ensures that corporate officials comply with the requirements of the Securities Exchange Act of 1934 in the offering and selling of stocks.

Answer 11

Securities and Exchange Commission (SEC)

Question 12

________-______ Act – fraud statute that requires heads of corporations to certify that their firms’ financial reports are accurate

Answer 12

Sarbanes-Oxley

Question 13

What are the liabilities to insider trading?

Answer 13

(1) Tippers (individuals who transmit information)

2) Tippees (individuals who receive the information

Question 14

True or False: Disclose or abstain doctrine states that corporate officials do not have to publicly reveal information to the public relating to the economic condition of a corporation before they buy or sell the company’s stock.

Answer 14

False; Disclose or abstain doctrine states that corporate officials must publicly reveal information to the public relating to the economic condition of a corporation before they buy or sell the company’s stock

Question 15

Misappropriation doctrine criminally punishes all individuals who take and use inside corporate _________ that is in the possession of their employer.

Answer 15

information

Question 16

_____________ _______ criminally punishes all individuals who take and use inside corporate information that is in the possession of their employer.

Answer 16

Misappropriation doctrine

Question 17

The requirements of mail and _____ _____ are similar with the exception that the wire communication must cross interstate or foreign boundaries.

Answer 17

wire fraud

Question 18

The requirements of mail and wire fraud are similar with the exception that the _____ ___________ must cross _______ or ______ boundaries.

Answer 18

wire communication
interstate
foreign

Question 19

What are the elements of mail fraud?

Answer 19

(1) Scheme
(2) Falsehood
(3) Money or Property
(4) Reliance
(5) Mail

Question 20

The _____ Act was intended to assist state and local governments to combat organized crime.

Answer 20

Travel

Question 21

The Travel Act was intended to assist state and local governments to combat _________ _____.

Answer 21

organized crime

Question 22

The _____ ____ authorizes the federal government to prosecute what are ordinarily considered the state criminal offenses of gambling, the illegal shipment and sale of alcohol and controlled substances, extortion, bribery, arson, prostitution, and money laundering

Answer 22

Travel Act

Question 23

The Travel Act authorizes the federal government to prosecute what are ordinarily considered the state criminal offenses of ________, the illegal shipment and sale of alcohol and controlled substances, ________, bribery, ______, prostitution, and money laundering

Answer 23

gambling
extortion
arson

Question 24

The Travel Act authorizes the federal government to prosecute what are ordinarily considered the state criminal offenses of gambling, the illegal shipment and sale of _______ and ________ _________, extortion, bribery, arson, prostitution, and money laundering

Answer 24

alcohol

controlled substances

Question 25

The Travel Act authorizes the federal government to prosecute what are ordinarily considered the state criminal offenses of gambling, the illegal shipment and sale of alcohol and controlled substances, extortion, _______, arson, __________, and ______ _________.

Answer 25

bribery
prostitution
money laundering

Question 26

What are the elements of the travel act?

Answer 26

(1) Travel or the use of the mails or some other facility
(2) Intent to commit a criminal offense listed in the Travel Act or crime of violence or to distribute the proceeds of an illegal activity
(3) Commission of a crime or attempt to commit a crime