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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. White hats are good. Black hats are bad






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






3. 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.






4. Gaining unauthorized access to computer system - file or network by using their specialized knowledge of computers






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






6. Food - transport - medical






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






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. Refers mainly to basic - bulky components and tools






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






11. 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






12. 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 - [






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






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






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


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






17. 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






18. 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]






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






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






21. 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






22. 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






23. 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






24. 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.]






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






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






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






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






29. 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






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






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. 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






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






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. 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






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






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






38. 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






39. 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






40. 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






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






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






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






44. 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






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






46. 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






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






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






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






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