Which term is used for illegal actions by corporations for profit?

Study for the WJEC Level 3 Applied Diploma in Criminology Test. Review concepts with flashcards and multiple-choice questions, with detailed explanations provided. Prepare today!

Multiple Choice

Which term is used for illegal actions by corporations for profit?

Explanation:
Illegal actions by corporations for the purpose of profit are described as corporate crime. This term covers wrongdoing by a company or by individuals acting on its behalf, such as fraud, false accounting, bribery, tax evasion, price-fixing, insider trading, environmental harm, and unsafe working practices—any illegal act tied to pursuing financial gain through the corporate entity. It’s different from organized crime, which refers to criminal networks as entities; moral crime, which concerns breaches of moral norms; and human rights crime, which involves violations of fundamental rights often in political or state contexts. So the label that fits illegal, profit-driven actions by corporations is corporate crime.

Illegal actions by corporations for the purpose of profit are described as corporate crime. This term covers wrongdoing by a company or by individuals acting on its behalf, such as fraud, false accounting, bribery, tax evasion, price-fixing, insider trading, environmental harm, and unsafe working practices—any illegal act tied to pursuing financial gain through the corporate entity. It’s different from organized crime, which refers to criminal networks as entities; moral crime, which concerns breaches of moral norms; and human rights crime, which involves violations of fundamental rights often in political or state contexts. So the label that fits illegal, profit-driven actions by corporations is corporate crime.

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