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White Collar Crime

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. 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)






2. Decreasing the number of high-wage union jobs - reducing wages of US workers - hiring illegal immigrants and the use of offshore plants for cheap workers






3. Refers to plagiarism - embezzlement of university discretionary funds - forgery - claims about credentials






4. Fixed prices or parallel pricing is when the leaders in the industry set inflated prices and supposed competitors adjust their own prices accordingly. Explicit price fixing was prohibited by the Sherman Antitrust Act of 1890 as a form of 'restraint t






5. 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






6. Pilfering - Chiseling - Fraud - Embezzlement






7. 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






8. 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






9. Was perhaps the single most famous example of a corporation that ruthlessly undercut virtually all competitors]






10. 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






11. Refers to a type of Employee Crime: known as petty theft






12. Refers to lawyers engaging in criminal conduct in the course of discharging their professional duties






13. 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






14. Directing patients to the clinic's pharmacy to fill unneeded prescriptions






15. At one point the most-wanted computer criminal in the U.S. and was convicted of various computer and communications related crimes






16. Your whole family should come in for something that's not that serious]






17. 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






18. A type of Employee Crime: the destruction or fraudulent appropriation of another's money which has been entrusted to one's care






19. Refers mainly to basic - bulky components and tools






20. Is the act of manipulating people into performing actions or divulging confidential information - rather than by breaking in or using technical cracking techniques






21. 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






22. Stock price dropped dramatically after drug was not approved by the FDA.






23. Bankruptcy method used to avoid meeting certain burdensome finical obligations - including obligations to creditors






24. Corporate Officials - Directors and Mangers - Outsiders who are 'tipped' [CEO tips family members - 'it going to be a bad month'] - Bankers - accountants and lawyers who provide services with confidential information about securities being traded - [






25. 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






26. White hats are good. Black hats are bad






27. Let the buyer beware - has traditionally regulated the relationship between buyers and sellers






28. 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






29. Billing for unnecessary tests and services - is the most common form of medical fraud and it is extremely difficult to prove and prosecute






30. Ponzi Schemes has (no a product) - While a Pyramid Scheme (has a product






31. 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






32. 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






33. 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






34. A case in which the Ford company placed the gas tank in the rear of the car to save money on engineering costs. When the car was involved in rear-end collisions the gas tank exploded - burning some people to death






35. Refers to a type of Employee Crime: known as cheating or swindling






36. A Corporation that ruthlessly undercut virtually all competitors in order to obtain control 95% of the market.






37. Major corporations cost US taxpayers huge amounts by evading their fair share of the tax burden






38. Manipulation of products - Short weighing - Bait-and-switch - Collection of taxes on nontaxable items [auto shop labor] - Wage theft






39. 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






40. Hospitals have defraud the government of billions of dollars annually through Medicaid and Medicare. [upcoding - service never performed - kickbacks - and self-referrals]






41. 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]






42. 'offenses committed by either corporate officials or the corporation itself - which benefit their corporation'






43. Activities deviating from norms of employers - professional associations - or coworkers within an occupational setting - such as malingering or sexual harassment






44. 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






45. 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.]






46. Gaining unauthorized access to computer system - file or network by using their specialized knowledge of computers






47. High returns are promised - Some early investors may receive payoffs - but most of the invested money is spent by the perpetrators






48. 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






49. 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






50. For lying about a stock sale conspiracy - and obstruction of justice.






Can you answer 50 questions in 15 minutes?



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