Which of the following statements is correct?
A) Street crime (muggings, homicide, etc. ) results in a greater monetary loss to society than white-collar crime.
B) White-collar crime results in a greater monetary loss to society than street crime.
C) Studies are not able to calculate the estimated value of white-collar crime since most is never publicly disclosed.
D) Studies are not able to accurately calculate the estimated value of either street crime or white-collar crime.

Question

Quizplus · Accepted Answer

Numerous studies have revealed that white-collar crime (such as embezzlement, fraud, and corporate malfeasance) causes more financial damage to society than street crime. While street crime might create fear and be more visible, the impact of white-collar crime is often less evident but can be more significant. As such, white-collar crime might be more challenging to detect and quantify since it can often go unreported or unnoticed.

Which of the Following Statements Is Correct