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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. 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






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






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






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






5. 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]






6. 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






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






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






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






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. Pilfering - Chiseling - Fraud - Embezzlement






12. 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






13. 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






14. 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






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






16. 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






17. Food - transport - medical






18. 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






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






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






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






23. 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.]






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






25. 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






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






27. 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






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






29. 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






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


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






32. 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.






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






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. White hats are good. Black hats are bad






36. 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






37. 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






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






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






40. 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






41. Refers mainly to basic - bulky components and tools






42. 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






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






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






45. 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)






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






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






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






49. 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






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