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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. 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






2. 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






3. 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.






4. Refers mainly to basic - bulky components and tools






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






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






7. 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






8. Pilfering - Chiseling - Fraud - Embezzlement






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






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






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






12. 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.]






13. 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






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






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






16. 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






17. 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






18. 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






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






20. Food - transport - medical






21. 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






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






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






24. 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






25. 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






26. 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






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






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






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






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






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






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






33. 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 - [






34. 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






35. 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)






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






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






38. 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






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






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






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






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






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






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


45. 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






46. 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






47. 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






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






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






50. 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]