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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. 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






2. 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






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






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






5. 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






6. 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






7. Food - transport - medical






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






10. 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






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






12. 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






13. Pilfering - Chiseling - Fraud - Embezzlement






14. 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






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






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






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






18. 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






19. 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






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






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






22. 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






23. 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






24. 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






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






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






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






28. 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






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






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






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

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






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






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






35. 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






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






37. 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






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






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






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






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 monogrammed clothing - wallets - jewelry - personally modified tools






44. 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






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






46. White hats are good. Black hats are bad






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. 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)






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






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






Can you answer 50 questions in 15 minutes?



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