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Test your basic knowledge |
White Collar Crime
Start Test
Study First
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. 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
Parallel pricing
Types of Employee Crime
Who commits insider trading
Defense Contract Fraud
2. White hats are good. Black hats are bad
Property of uncertain ownership
Different types of hackers
Occupational Deviance
Pyramid Schemes
3. 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
Religious Crime
Enron's Main People
Standard Oil Corporation - presided over by John D. Rockefeller
Types of Employee Crime
4. 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
Personal Property
Who commits insider trading
Legal Crime
Manville case
5. 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
Power elite ...
Monopoly
Raj Rajaratnam
Price gouging and manipulation
6. 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
Different types of hackers
Pyramid Schemes
Kevin Mitnick
Strategic bankruptcy
7. Billing for unnecessary tests and services - is the most common form of medical fraud and it is extremely difficult to prove and prosecute
Family ganging
Overutilization
Parallel pricing
Types of Employee Crime
8. 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
Health Care Fraud
Corporate stealing from employees
Robber barons
Pyramid Schemes
9. 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
Embezzlement
How Corporate violence differs from conventional interpersonal violence
Finance crime
Corporate stealing from employees
10. Refers to a type of Employee Crime: known as theft through misrepresentation
What Martha Stewart was jailed for
Occupational Deviance
Fraud
Types of Retail Crime
11. Kenneth Lay - Jeffery Skilling - Andy Fastile - Luis Barget
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12. 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
ImClone Case? Individual involved?
Who commits insider trading
Role of the corporation in modern society
Finance crime
13. Send you to a different place when they could have diagnosed it themselves
Different types of hackers
Hacking
Ping-ponging
Embezzlement
14. Gaining unauthorized access to computer system - file or network by using their specialized knowledge of computers
Transnational corporations
Religious Crime
Hacking
Company Property
15. A Corporation that ruthlessly undercut virtually all competitors in order to obtain control 95% of the market.
Technocrime Five types
Corporate fraud
Love Canal
Monopoly
16. 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
Paper entrepreneurs
Why commit Sabotage
Love Canal
Company Property
17. 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
Corporate Tax Evasion
Robber barons
Steering
Ford Pinto
18. 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
Transnational corporations
Predatory pricing
Family ganging
Who commits insider trading
19. At one point the most-wanted computer criminal in the U.S. and was convicted of various computer and communications related crimes
Types of Employee Crime
Love Canal
Transnational corporations
Kevin Mitnick
20. 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
Corporate stealing from employees
Finance crime
How Corporate violence differs from conventional interpersonal violence
Medical Crime
21. A type of Employee Crime: the destruction or fraudulent appropriation of another's money which has been entrusted to one's care
Embezzlement
Financial Crime
Ford Pinto
Finance crime
22. Major corporations cost US taxpayers huge amounts by evading their fair share of the tax burden
Corporate Tax Evasion
Medical Crime
Ponzi Schemes (no product
Holtfreter - Van Slyke and Blomberg - 2006
23. Directing patients to the clinic's pharmacy to fill unneeded prescriptions
Health Care Fraud
Steering
Predatory pricing
Fraud
24. Manipulation of products - Short weighing - Bait-and-switch - Collection of taxes on nontaxable items [auto shop labor] - Wage theft
Fraud
Transnational corporations
Ford Pinto
Types of Retail Crime
25. Is the act of manipulating people into performing actions or divulging confidential information - rather than by breaking in or using technical cracking techniques
Defense Contract Fraud
Ponzi Schemes (no product
How Corporate violence differs from conventional interpersonal violence
Social Engineering
26. 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
Robber barons
Holtfreter - Van Slyke and Blomberg - 2006
Historical development of the corporation and corporate crime
Occupational Deviance
27. Ponzi Schemes has (no a product) - While a Pyramid Scheme (has a product
Difference between a Ponzi Schemes and a Pyramid Scheme
Corporate fraud
Insider trading
ImClone Case? Individual involved?
28. Refers to lawyers engaging in criminal conduct in the course of discharging their professional duties
Enron's Main People
Property of uncertain ownership
Religious Crime
Legal Crime
29. Goods and supplies that are delivered and paid for but cannot be accounted for by sales or stockroom surveys [because the items disappeared]
Types of Retail Crime
Historical development of the corporation and corporate crime
Inventory Shrinkage
Social Engineering
30. Its when a corporation commits criminal offences that are non-violence but have vast political and economic consequences. Sutherland
Who commits insider trading
Standard Oil Corporation - presided over by John D. Rockefeller
Corporate fraud
Different types of hackers
31. 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
Corporate stealing from employees
Social Engineering
Personal Property
Conflict of Interest
32. High returns are promised - Some early investors may receive payoffs - but most of the invested money is spent by the perpetrators
Monopoly
Conflict of Interest
Ponzi Schemes (no product
ImClone Case? Individual involved?
33. 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
Caveat Emptor
Who commits insider trading
Price gouging and manipulation
Paper entrepreneurs
34. 'offenses committed by either corporate officials or the corporation itself - which benefit their corporation'
Corporate crime
Financial Crime
Parallel pricing
Why commit Sabotage
35. 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]
Ponzi scheme largest in history to date
How Corporate violence differs from conventional interpersonal violence
Who commits insider trading
Steering
36. 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
Technocrime Five types
Transnational corporations
Conflict of Interest
Financial Crime
37. 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 - [
S&L Crisis
Chiseling
Ponzi scheme largest in history to date
Who commits insider trading
38. 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
Academic Crime
S&L Crisis
Types of Employee Crime
Economic exploitation of employees
39. Your whole family should come in for something that's not that serious]
Love Canal
Corporate crime
Family ganging
How Corporate violence differs from conventional interpersonal violence
40. Corporations with contracts to provide goods and services to the government. [Halliburton no-bid contracts]
Defense Contract Fraud
Ping-ponging
Ponzi Schemes (no product
Difference between a Ponzi Schemes and a Pyramid Scheme
41. Refers mainly to basic - bulky components and tools
Ponzi scheme largest in history to date
Price gouging and manipulation
Company Property
Fraud
42. Hospitals have defraud the government of billions of dollars annually through Medicaid and Medicare. [upcoding - service never performed - kickbacks - and self-referrals]
Chiseling
Paper entrepreneurs
Health Care Fraud
Occupational Deviance
43. Activities deviating from norms of employers - professional associations - or coworkers within an occupational setting - such as malingering or sexual harassment
Ponzi Schemes (no product
Monopoly
Occupational Deviance
Economic exploitation of employees
44. 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
Role of the corporation in modern society
Pyramid Schemes
Insider trading
Overutilization
45. Bankruptcy method used to avoid meeting certain burdensome finical obligations - including obligations to creditors
Company Property
Different types of hackers
Strategic bankruptcy
Why commit Sabotage
46. 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
Why commit Sabotage
Enron's Main People
Ford Pinto
ImClone Case? Individual involved?
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.]
Kevin Mitnick
Types of Retail Crime
Finance crime
Standard Oil Corporation - presided over by John D. Rockefeller
48. Refers to illegal activity that occurs in the world of finance and financial institutions
Financial Crime
Hacking
Inventory Shrinkage
How Corporate violence differs from conventional interpersonal violence
49. 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
Corporate transgressions
Standard Oil Corporation - presided over by John D. Rockefeller
Company Property
Role of the corporation in modern society
50. Refers to a type of Employee Crime: known as petty theft
Predatory pricing
Raj Rajaratnam
Different types of hackers
Pilfering