Describe the Racketeer Influenced and Corrupt Organizations Act (RICO).
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 the RICO statute has been used against non-organized crime defendants as well. 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. In addition, RICO provides for the forfeiture of any property or business interests that were gained because of RICO 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 for injury to business or property.
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Delegations of criminal rulemaking to private agencies are generally found to be
unconstitutional. a. True b. False
The advantages of trademark registration include all EXCEPT:
a. potential damages are higher. b. after five years the mark becomes almost impossible to challenge. c. it allows the trademark owner to use the TM symbol to put others on notice of the protection. d. the mark is valid nationally.
A legally astute manager would wait as long as possible to consult legal counsel once a problem arises in order to keep legal fees to a minimum
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true about outside advertising agencies?
A. Typically, external ad agencies do not use media analysts and researchers. B. External agencies are often preferred for their greater skill and expertise levels. C. Unlike in-house agencies, outside agencies can be used to portray a singular global image. D. External ad agencies are generally cheaper than in-house agencies. E. Generally, most external ad agencies do not offer creative services.