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Test your basic knowledge |
White Collar Crime
Start Test
Study First
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. High returns are promised - Some early investors may receive payoffs - but most of the invested money is spent by the perpetrators
Social Engineering
Price gouging and manipulation
Ponzi Schemes (no product
Manville case
2. 'offenses committed by either corporate officials or the corporation itself - which benefit their corporation'
Role of the corporation in modern society
Corporate crime
Personal Property
How Corporate violence differs from conventional interpersonal violence
3. 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
Raj Rajaratnam
Conflict of Interest
Chiseling
Paper entrepreneurs
4. 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
Who commits insider trading
Economic exploitation of employees
Pilfering
Medical Crime
5. Was perhaps the single most famous example of a corporation that ruthlessly undercut virtually all competitors]
Ford Pinto
Standard Oil Corporation - presided over by John D. Rockefeller
Property of uncertain ownership
Social Engineering
6. Refers mainly to small - inexpensive - and expendable components and tools such as nails - bolts - scrap metals - pliers - and drill bits.
Embezzlement
Technocrime Five types
Property of uncertain ownership
Ponzi scheme largest in history to date
7. Refers to a type of Employee Crime: known as theft through misrepresentation
Corporate crime
Fraud
Defense Contract Fraud
Property of uncertain ownership
8. 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
Paper entrepreneurs
Pilfering
Medical Crime
Company Property
9. 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
Transnational corporations
How Corporate violence differs from conventional interpersonal violence
Corporate stealing from employees
Conflict of Interest
10. Manipulation of products - Short weighing - Bait-and-switch - Collection of taxes on nontaxable items [auto shop labor] - Wage theft
Economic exploitation of employees
Corporate transgressions
Types of Retail Crime
ImClone Case? Individual involved?
11. 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
ImClone Case? Individual involved?
Chiseling
Historical development of the corporation and corporate crime
Price gouging and manipulation
12. Hospitals have defraud the government of billions of dollars annually through Medicaid and Medicare. [upcoding - service never performed - kickbacks - and self-referrals]
Ping-ponging
Corporate crime
Health Care Fraud
Financial Crime
13. 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
Different types of hackers
Various forms of corporate violence that are directed at the public
Types of Retail Crime
Price gouging and manipulation
14. A type of Employee Crime: the destruction or fraudulent appropriation of another's money which has been entrusted to one's care
Embezzlement
Power elite ...
Price gouging and manipulation
Raj Rajaratnam
15. 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
Religious Crime
Hacking
Different types of hackers
Types of Employee Crime
16. Refers to monogrammed clothing - wallets - jewelry - personally modified tools
Love Canal
Personal Property
Kevin Mitnick
Property of uncertain ownership
17. 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.
Holtfreter - Van Slyke and Blomberg - 2006
The Dalkon Shield
Strategic bankruptcy
Monopoly
18. Kenneth Lay - Jeffery Skilling - Andy Fastile - Luis Barget
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19. 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
Embezzlement
Holtfreter - Van Slyke and Blomberg - 2006
Pilfering
Power elite ...
20. 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
Pilfering
Insider trading
Personal Property
How Corporate violence differs from conventional interpersonal violence
21. 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
Strategic bankruptcy
What Martha Stewart was jailed for
Robber barons
Inventory Shrinkage
22. 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
Ford Pinto
Various forms of corporate violence that are directed at the public
Occupational Deviance
Love Canal
23. Your whole family should come in for something that's not that serious]
Family ganging
Pyramid Schemes
Pilfering
The Dalkon Shield
24. White hats are good. Black hats are bad
Why commit Sabotage
Different types of hackers
Kevin Mitnick
Technocrime Five types
25. 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
Transnational corporations
Predatory pricing
Medical Crime
Kevin Mitnick
26. 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
Ford Pinto
Chiseling
Family ganging
Legal Crime
27. 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
What Martha Stewart was jailed for
S&L Crisis
Manville case
Corporate Tax Evasion
28. 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
Religious Crime
Corporate crime
Predatory pricing
Types of Retail Crime
29. At one point the most-wanted computer criminal in the U.S. and was convicted of various computer and communications related crimes
Price gouging and manipulation
Types of Retail Crime
Kevin Mitnick
Caveat Emptor
30. Corporations with contracts to provide goods and services to the government. [Halliburton no-bid contracts]
Fraud
Health Care Fraud
Parallel pricing
Defense Contract Fraud
31. 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 - [
How Corporate violence differs from conventional interpersonal violence
Corporate fraud
Family ganging
Who commits insider trading
32. Stock price dropped dramatically after drug was not approved by the FDA.
Corporate stealing from employees
ImClone Case? Individual involved?
Steering
Historical development of the corporation and corporate crime
33. Refers to illegal activity that occurs in the world of finance and financial institutions
Financial Crime
Embezzlement
Social Engineering
Economic exploitation of employees
34. Refers to plagiarism - embezzlement of university discretionary funds - forgery - claims about credentials
Caveat Emptor
Academic Crime
Who commits insider trading
Types of Retail Crime
35. 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
Types of Employee Crime
Occupational Deviance
Conflict of Interest
Pyramid Schemes
36. 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
Types of Retail Crime
Financial Crime
Corporate stealing from employees
Why commit Sabotage
37. Corporations operating in third-world countries include highly hazardous and dangerous working conditions at industrial facilities; exportation of unsafe products
Corporate crime
Transnational corporations
Medical Crime
Ford Pinto
38. 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
Robber barons
Corporate transgressions
Role of the corporation in modern society
Raj Rajaratnam
39. 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
Transnational corporations
Property of uncertain ownership
Monopoly
Insider trading
40. Activities deviating from norms of employers - professional associations - or coworkers within an occupational setting - such as malingering or sexual harassment
Role of the corporation in modern society
Parallel pricing
What Martha Stewart was jailed for
Occupational Deviance
41. Send you to a different place when they could have diagnosed it themselves
Ping-ponging
Ford Pinto
Ponzi Schemes (no product
Parallel pricing
42. 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
Corporate fraud
Ponzi Schemes (no product
Financial Crime
Parallel pricing
43. Billing for unnecessary tests and services - is the most common form of medical fraud and it is extremely difficult to prove and prosecute
Corporate stealing from employees
Corporate crime
Overutilization
Embezzlement
44. Refers to lawyers engaging in criminal conduct in the course of discharging their professional duties
Who commits insider trading
Legal Crime
Predatory pricing
Parallel pricing
45. Refers mainly to basic - bulky components and tools
Holtfreter - Van Slyke and Blomberg - 2006
Manville case
Conflict of Interest
Company Property
46. 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]
Legal Crime
How Corporate violence differs from conventional interpersonal violence
Historical development of the corporation and corporate crime
Ponzi scheme largest in history to date
47. Let the buyer beware - has traditionally regulated the relationship between buyers and sellers
What Martha Stewart was jailed for
Financial Crime
Caveat Emptor
Various forms of corporate violence that are directed at the public
48. 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
Role of the corporation in modern society
ImClone Case? Individual involved?
Different types of hackers
Insider trading
49. Ponzi Schemes has (no a product) - While a Pyramid Scheme (has a product
Ponzi Schemes (no product
Insider trading
Economic exploitation of employees
Difference between a Ponzi Schemes and a Pyramid Scheme
50. Goods and supplies that are delivered and paid for but cannot be accounted for by sales or stockroom surveys [because the items disappeared]
Inventory Shrinkage
Health Care Fraud
Defense Contract Fraud
Enron's Main People