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






2. 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.






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






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






5. 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






6. 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)






7. Refers mainly to basic - bulky components and tools






8. 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






9. 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






10. 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






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






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






13. 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






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






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






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






17. 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






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






19. 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






20. 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






21. 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






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






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. 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






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






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






28. 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 - [






29. 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






30. 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






31. White hats are good. Black hats are bad






32. 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






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






34. 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






35. 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






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






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






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






39. 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






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






41. 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






42. 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]






43. 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






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






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






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






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






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

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






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