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






2. Refers to a type of Employee Crime: known as theft through misrepresentation






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






4. 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






5. Crime that is defined as illegal or harmful conduct committed specifically in the context of their religious entity such as a religious leader may generate a bottomless donation basket for gullible believers to offer money which is used for corrupt p






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






7. Corporations with contracts to provide goods and services to the government. [Halliburton no-bid contracts]






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






9. 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






10. 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]






11. Its when a corporation commits criminal offences that are non-violence but have vast political and economic consequences. Sutherland






12. 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 - [






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






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






15. Goods and supplies that are delivered and paid for but cannot be accounted for by sales or stockroom surveys [because the items disappeared]






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






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






18. An intrauterine birth control device in the 1960's in which it was discovered that bacteria was traveling up the wick of the device into the womb.






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






20. Pilfering - Chiseling - Fraud - Embezzlement






21. 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






22. 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






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






24. 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






25. Refers mainly to small - inexpensive - and expendable components and tools such as nails - bolts - scrap metals - pliers - and drill bits.






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






27. 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






28. 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






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






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






31. White hats are good. Black hats are bad






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






33. 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






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






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






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






37. Send you to a different place when they could have diagnosed it themselves






38. 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






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






40. 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






41. Refers to monogrammed clothing - wallets - jewelry - personally modified tools






42. Corporations operating in third-world countries include highly hazardous and dangerous working conditions at industrial facilities; exportation of unsafe products






43. 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






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






45. Refers mainly to basic - bulky components and tools






46. 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






47. 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






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






49. 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.]






50. 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