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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. 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






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






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






4. 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






5. 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






6. 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






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






8. 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






9. 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






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






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






12. 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






13. White hats are good. Black hats are bad






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






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






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






17. Food - transport - medical






18. 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






19. 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






20. 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






21. 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






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






23. 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






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






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






26. 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






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






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






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






30. 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 - [






31. 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)






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






33. Refers mainly to basic - bulky components and tools






34. 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






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






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






37. Pilfering - Chiseling - Fraud - Embezzlement






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






39. 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






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






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






42. 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






43. 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






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






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






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






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


48. 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






49. 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]






50. 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.