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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. 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






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






3. 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






4. 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






5. 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






6. White hats are good. Black hats are bad






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






8. 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






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






10. Refers mainly to basic - bulky components and tools






11. 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






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






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






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






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






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. 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






18. 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






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






20. 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






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. 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






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






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






25. 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






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






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






28. 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.]






29. Pilfering - Chiseling - Fraud - Embezzlement






30. 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.






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






32. 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






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


34. A type of Employee Crime: the destruction or fraudulent appropriation of another's money which has been entrusted to one's care






35. 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






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






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






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






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






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






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






42. 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






43. 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






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






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






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






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






48. 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






49. 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






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