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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. 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






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






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






4. Kenneth Lay - Jeffery Skilling - Andy Fastile - Luis Barget


5. 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






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






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






8. Refers mainly to basic - bulky components and tools






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






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






11. White hats are good. Black hats are bad






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. 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






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






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






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






17. Refers to illegal activity that occurs in the world of finance and financial institutions






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






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






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






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






22. 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






23. 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






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






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






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






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






28. 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






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






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






31. 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






32. 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






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






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






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






36. 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






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






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






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






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






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






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






43. 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






44. 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.]






45. 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






46. 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






47. 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






48. 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






49. 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






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