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






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






3. 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






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






5. White hats are good. Black hats are bad






6. Refers mainly to basic - bulky components and tools






7. 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






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






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






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






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






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






13. 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






14. 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






15. 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






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






17. 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.






18. 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






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






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






21. 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






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






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






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






25. 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






26. 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






27. 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)






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






29. 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






30. 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






31. 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 - [






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






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






35. 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






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






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






38. Pilfering - Chiseling - Fraud - Embezzlement






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






40. Food - transport - medical






41. 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






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






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






44. 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






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






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






47. 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






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






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






50. 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.]







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