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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. 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






2. 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






3. Food - transport - medical






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






5. 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






6. 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






7. 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.]






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






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






11. 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






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

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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. 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 - [






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






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






17. 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






18. Refers mainly to basic - bulky components and tools






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






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






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






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






24. White hats are good. Black hats are bad






25. 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]






26. 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






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






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






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






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






31. 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






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






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






34. 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






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






36. 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)






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






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






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






40. Pilfering - Chiseling - Fraud - Embezzlement






41. 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






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






43. 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.






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






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






47. 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






48. 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






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






50. 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