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






2. 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 - [






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


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






5. Food - transport - medical






6. 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]






7. Pilfering - Chiseling - Fraud - Embezzlement






8. 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






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






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






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






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






13. 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






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






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






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






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






18. 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






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






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






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






22. 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






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






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






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






26. 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






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






28. 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






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






30. 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






31. 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






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






33. 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.]






34. 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






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






36. White hats are good. Black hats are bad






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






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






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






40. 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






41. 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)






42. 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






43. 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






44. 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






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






46. Refers mainly to basic - bulky components and tools






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. 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






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






50. 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