Give an account of the Racketeer Influenced and Corrupt Organizations Act (RICO) in business law
What will be an ideal response?
Organized crime has a pervasive influence on many parts of the U.S. economy. To combat this activity, Congress enacted the Organized Crime Control Act. The Racketeer Influenced and Corrupt Organizations Act (RICO) is part of this act. Originally, RICO was intended to apply only to organized crime. However, the broad language of its statute has been used against non-organized crime defendants as well. RICO, which provides for both criminal and civil penalties, is one of the most important laws affecting business today. RICO makes it a federal crime to acquire or maintain an interest in, use income from, or conduct or participate in the affairs of an enterprise through a pattern of racketeering activity. Business-related crimes, such as bribery, embezzlement, mail fraud, and wire fraud, are also considered racketeering. RICO provides for the forfeiture of any property or business interests that were gained because of its violations. This provision allows the government to recover investments made with monies derived from racketeering activities. Persons injured by a RICO violation can bring a private civil RICO action against the violator to recover damages for injury to business or property.
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When a company introduces a new product under a strongly established brand name, the length of time to reach the threshold point where advertising is effective is normally shorter
Indicate whether the statement is true or false
Which type of listening distraction is often the most difficult to troubleshoot?
a. source b. situational c. bias d. medium
During which stage of the service innovation and development process does a service firm produce a description of the service that represents its specific characteristics and features?
A. Service development and evaluation B. Service concept development and evaluation C. Idea generation D. Market testing E. New services strategy development
SCENARIO BASED QUESTIONS Headings as Signposts ? Headings are signposts that inform readers about what text is ahead. Talking heads that are parallel in structure can be used in a basic outline to communicate the content of the section and even give a
conclusion about the section. The following headings for two reports are not parallel and will not be effective points in a basic outline. ? Report 1: Organize Your Finances; Budget; Insurance is Important; You Need a Will; Emergency Savings is Necessary Report 2: Healthy Food is Good for You; Get Regular Exercise; Stress Reduction ? Required: ? Rewrite the headings to make them parallel talking heads. Then, develop a basic outline with a heading for each factor based on the revised talking heads.