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






2. 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






3. 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)






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






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






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






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






8. 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






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. 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






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

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






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






15. 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.






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






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






18. 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






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






20. Food - transport - medical






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






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






23. Pilfering - Chiseling - Fraud - Embezzlement






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






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. 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






27. 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






28. 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






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






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






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






32. White hats are good. Black hats are bad






33. 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






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






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






36. 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






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






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






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






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






41. 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






42. 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






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






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






45. 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






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






47. 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.]






48. 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






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]