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






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






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






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






5. 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.






6. 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.]






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






8. 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






9. 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 - [






10. 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]






11. 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






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






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






14. Pilfering - Chiseling - Fraud - Embezzlement






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






17. 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






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






19. 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






20. 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






21. 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






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






23. White hats are good. Black hats are bad






24. 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)






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






26. 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






27. 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






28. 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






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






30. 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






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






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






33. 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






34. 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






35. Refers mainly to basic - bulky components and tools






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






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






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






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






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






41. 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






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






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






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

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






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






47. 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






48. 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






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






50. Food - transport - medical