Explain how business owners can benefit from having a thorough understanding of the criminal acts you described, as well as any negative impacts that could ensue from a lack of understanding (or refusal to follow the law).

Description
Define each criminal act, including whether it is a felony or misdemeanor, and the actions involved in
committing the act.
Provide at least one specific example of each type of criminal act.
Describe the possible consequences for the commission of each crime.
Explain how business owners can benefit from having a thorough understanding of the criminal acts you
described, as well as any negative impacts that could ensue from a lack of understanding (or refusal to follow the
law).
Include references to a minimum of two scholarly sources to support your response.
When they are young, most people begin to learn the very basics of right and wrong, and that understanding
eventually progresses into knowledge of acts that are legal and illegal. Many people, however, may be unaware
that there are many laws governing organizations and how they are able to conduct business. Just as an
individual can be prosecuted for illegal acts such as theft or fraud, so can companies. If you were to start your
own company, would your current understanding of legal and illegal business practices sufficiently help your
organization avoid risk? How important do you think it would be to bring in a legal advisor to ensure that you
were following all local, state, and federal regulations (if applicable) for your business? What are the advantages
of knowing the law as a business owner?
In this Discussion, you will identify two business-related crimes—a felony and a misdemeanor. You will provide
examples and describe consequences of each. Additionally, you will consider how an understanding of criminal
law can be an asset for business owners.