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






2. 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






3. 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






4. 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






5. 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






6. 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






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






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






9. 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.






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






11. 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






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






13. 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)






14. 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






15. 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






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






17. 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






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






20. 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






21. 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






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






23. 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






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






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






26. 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






27. 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 - [






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






29. 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






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






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






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






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






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






35. 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






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






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






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






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






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






41. Refers mainly to basic - bulky components and tools






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






43. 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






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






45. 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]






46. White hats are good. Black hats are bad






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






48. Food - transport - medical






49. 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






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