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Test your basic knowledge |
White Collar Crime
Start Test
Study First
Subjects
:
law
,
business-skills
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Directing patients to the clinic's pharmacy to fill unneeded prescriptions
Price gouging and manipulation
Steering
Financial Crime
How Corporate violence differs from conventional interpersonal violence
2. The corporate empires of the robber barons (for example: Rockefeller - Carnegie - Vanderbilt - Gould - and Frick) of the second half of the 19th century were involved in every manner of bribery - fraud - stock manipulation - predation against competi
Kevin Mitnick
The Dalkon Shield
Robber barons
Company Property
3. Internal computer crimes (sabotaging programs) - Telecommunications crimes (hacking) - Computer manipulation crimes (embezzlements and fraud) - Computers in support of criminal enterprises - Hardware / software thefts (corporate level mainly)
Ponzi scheme largest in history to date
Medical Crime
Technocrime Five types
Family ganging
4. Refers mainly to basic - bulky components and tools
Company Property
Transnational corporations
Hacking
Caveat Emptor
5. Karl Marx recognized dark side to most corporations. Marx regarded corporations as a capitalist system that exploits and dehumanizes workers and deprives them of a fair return on their labor. The pursuit of profit is the principle rational for the co
Chiseling
Role of the corporation in modern society
Pyramid Schemes
Inventory Shrinkage
6. Let the buyer beware - has traditionally regulated the relationship between buyers and sellers
Manville case
Corporate crime
Finance crime
Caveat Emptor
7. 1/3 of the us adult population has been victimized by some form of consumer fraud - Estimated costs over $100 billion annually - Major causes of this large degree of victimization - Advances in technology (faceless perceptions and victims) - Globaliz
Property of uncertain ownership
Manville case
Raj Rajaratnam
Holtfreter - Van Slyke and Blomberg - 2006
8. A Corporation that ruthlessly undercut virtually all competitors in order to obtain control 95% of the market.
Monopoly
Company Property
Financial Crime
Difference between a Ponzi Schemes and a Pyramid Scheme
9. Price gouging or systematic overcharging - have also been directed at various industries and corporations when they take advantage of especially vulnerable classes of consumers or circumstances such as shortages. Many states prohibit price gouging by
Price gouging and manipulation
Corporate transgressions
Predatory pricing
Parallel pricing
10. Your whole family should come in for something that's not that serious]
Different types of hackers
Academic Crime
Strategic bankruptcy
Family ganging
11. The Hooker Chemical Corporation bought the canal; drained it - and began dumping metal drums filled with highly toxic chemical wastes. Eventually the property was acquired by a local school board - and both a school and residential neighborhood were
Love Canal
Ponzi scheme largest in history to date
Different types of hackers
Corporate transgressions
12. Major corporations cost US taxpayers huge amounts by evading their fair share of the tax burden
Social Engineering
Monopoly
Different types of hackers
Corporate Tax Evasion
13. White hats are good. Black hats are bad
Role of the corporation in modern society
Different types of hackers
Embezzlement
Ponzi scheme largest in history to date
14. 'offenses committed by either corporate officials or the corporation itself - which benefit their corporation'
Fraud
Caveat Emptor
Transnational corporations
Corporate crime
15. 1. It is indirect in the sense that victims are not assaulted by another person 2. The effects of corporate violence are removed in time from the action that caused the harm 3. Involves a large number of individuals acting collectively - which causes
Robber barons
Strategic bankruptcy
Finance crime
How Corporate violence differs from conventional interpersonal violence
16. A type of Employee Crime: the destruction or fraudulent appropriation of another's money which has been entrusted to one's care
Predatory pricing
Social Engineering
Embezzlement
Fraud
17. A situation in which the interests of a person whom serves in their professional role conflict with that person's own private interests as an individual
Academic Crime
Ping-ponging
Conflict of Interest
Chiseling
18. Corporations with contracts to provide goods and services to the government. [Halliburton no-bid contracts]
Transnational corporations
Defense Contract Fraud
Social Engineering
Corporate fraud
19. The Madoff ponzi scheme was surely the largest in history to date [Started in the 1990s and defrauded thousands of investors of recorded $65 Billion]
Ponzi scheme largest in history to date
How Corporate violence differs from conventional interpersonal violence
Love Canal
Types of Employee Crime
20. High returns are promised - Some early investors may receive payoffs - but most of the invested money is spent by the perpetrators
S&L Crisis
Ponzi Schemes (no product
Why commit Sabotage
Robber barons
21. Refers to monogrammed clothing - wallets - jewelry - personally modified tools
Conflict of Interest
Power elite ...
Personal Property
S&L Crisis
22. 1980s dubbed as the 'biggest bank robbery' ever - S&Ls offered unrealistically high interest rates to attract large sums of money - money invested was then lent to developers engaged in highly speculative (risky) projects; which bound to go broke unl
Love Canal
Different types of hackers
The Dalkon Shield
S&L Crisis
23. Refers to plagiarism - embezzlement of university discretionary funds - forgery - claims about credentials
Ping-ponging
Embezzlement
Academic Crime
Pyramid Schemes
24. Refers to buying or selling a security - in breach of a fiduciary duty or other relationships of trust and confidence - while in possession of nonpublic information about the security
What Martha Stewart was jailed for
Insider trading
Love Canal
Who commits insider trading
25. A producer of asbestos products which was later found linked to an ultimately fatal lung disease resulting from exposure to asbestos. Manville had internal medical reports of asbestosis among its workers; however - based on cost-benefit analysis - it
Manville case
Company Property
Parallel pricing
The Dalkon Shield
26. Refers mainly to small - inexpensive - and expendable components and tools such as nails - bolts - scrap metals - pliers - and drill bits.
Difference between a Ponzi Schemes and a Pyramid Scheme
Embezzlement
Occupational Deviance
Property of uncertain ownership
27. Pyramid Scheme (has product) - A variant of a Ponzi Scheme - Involves recruiting other people into the business in other to sustain profit rather them a truly profitable enterprise [MonVie Acai Berry juice
Conflict of Interest
Caveat Emptor
Pyramid Schemes
Embezzlement
28. Hospitals have defraud the government of billions of dollars annually through Medicaid and Medicare. [upcoding - service never performed - kickbacks - and self-referrals]
Health Care Fraud
Parallel pricing
Transnational corporations
Types of Employee Crime
29. Pilfering - Chiseling - Fraud - Embezzlement
Corporate stealing from employees
Embezzlement
Social Engineering
Types of Employee Crime
30. Was perhaps the single most famous example of a corporation that ruthlessly undercut virtually all competitors]
Social Engineering
Medical Crime
Standard Oil Corporation - presided over by John D. Rockefeller
Caveat Emptor
31. Refers to illegal activity that occurs in the world of finance and financial institutions [Can be committed to benefit financial institutions - such as banks - or for the benefit of individuals - such as investment bankers.]
Finance crime
Power elite ...
Overutilization
S&L Crisis
32. Bankruptcy method used to avoid meeting certain burdensome finical obligations - including obligations to creditors
Strategic bankruptcy
Power elite ...
The Dalkon Shield
Fraud
33. Manipulation of products - Short weighing - Bait-and-switch - Collection of taxes on nontaxable items [auto shop labor] - Wage theft
Corporate fraud
Conflict of Interest
Types of Retail Crime
Technocrime Five types
34. They are the top people in the corporate world - government - and military whom have 'interlocks' - or a complex network of ties - that enable them to advance their interrelated interests and move quite easily between high-level private- and public-s
Power elite ...
Robber barons
Occupational Deviance
Monopoly
35. In the Anglo-American tradition - the earliest corporations were churches - towns - guilds and universities - 'town saloon'. Over time - these corporations were recognized as trusts with legal control over certain property. These trading corporations
Historical development of the corporation and corporate crime
Finance crime
Predatory pricing
Property of uncertain ownership
36. Corporations used to annihilate their competitors by undercutting their price and by pressuring dealers - sales agents - unions - and other parties not to work with their competitors
Kevin Mitnick
Social Engineering
Legal Crime
Predatory pricing
37. Send you to a different place when they could have diagnosed it themselves
Monopoly
Ping-ponging
Transnational corporations
Ponzi scheme largest in history to date
38. Cheating employees out of overtime pay (Wal-Mart) - Denying workers their pensions (Police Agency) - and Extortion (falsely accusing employees of theft to comp their pay
Pyramid Schemes
What Martha Stewart was jailed for
Holtfreter - Van Slyke and Blomberg - 2006
Corporate stealing from employees
39. Refers to illegal activity that occurs in the world of finance and financial institutions
Transnational corporations
Medical Crime
Company Property
Financial Crime
40. At one point the most-wanted computer criminal in the U.S. and was convicted of various computer and communications related crimes
Corporate transgressions
Kevin Mitnick
Various forms of corporate violence that are directed at the public
Company Property
41. Activities deviating from norms of employers - professional associations - or coworkers within an occupational setting - such as malingering or sexual harassment
Occupational Deviance
Who commits insider trading
Various forms of corporate violence that are directed at the public
Social Engineering
42. Refers to lawyers engaging in criminal conduct in the course of discharging their professional duties
Who commits insider trading
Price gouging and manipulation
Legal Crime
Occupational Deviance
43. To conceal their own errors [make it look like it was the manager's fault] - To gain time off - For more pay [brake a system so they can charge to fix it] - To express their contempt and anger with their work and employer
Why commit Sabotage
Manville case
Pyramid Schemes
Defense Contract Fraud
44. Its when a corporation commits criminal offences that are non-violence but have vast political and economic consequences. Sutherland
Property of uncertain ownership
Corporate crime
Social Engineering
Corporate fraud
45. Large corporations taking advantage of political corruption - the absence or paucity of regulatory controls - and the desperation for economic enterprise characteristic of many developing nations
Corporate transgressions
Legal Crime
Various forms of corporate violence that are directed at the public
Standard Oil Corporation - presided over by John D. Rockefeller
46. Food - transport - medical
Historical development of the corporation and corporate crime
Fraud
ImClone Case? Individual involved?
Various forms of corporate violence that are directed at the public
47. Galleon Hedge Fund Case was one of the largest hedge funds in the world managing over $7 Billion. - Believed to have obtained inside information from a number of companies - Advanced Micro Devices Inc. - Goldman Sachs Group - Intel Corporation - Raj
Raj Rajaratnam
Robber barons
Insider trading
Corporate fraud
48. Billing for unnecessary tests and services - is the most common form of medical fraud and it is extremely difficult to prove and prosecute
Overutilization
Corporate Tax Evasion
Chiseling
Role of the corporation in modern society
49. Corporations are increasingly controlled by paper entrepreneurs - or investors who are principally concerned with short-term profit. These investors are far less likely to be strongly committed to product development of to the local communities in wh
Who commits insider trading
Paper entrepreneurs
Academic Crime
Standard Oil Corporation - presided over by John D. Rockefeller
50. Ponzi Schemes has (no a product) - While a Pyramid Scheme (has a product
Property of uncertain ownership
Finance crime
Difference between a Ponzi Schemes and a Pyramid Scheme
Monopoly