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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. 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






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






3. 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






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






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






6. 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






7. 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






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 to monogrammed clothing - wallets - jewelry - personally modified tools






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






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






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






13. 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.






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






15. Food - transport - medical






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






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






18. 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






19. 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






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






21. 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)






22. 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






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 a type of Employee Crime: known as theft through misrepresentation






25. 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






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






27. 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






28. White hats are good. Black hats are bad






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






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






31. Refers mainly to basic - bulky components and tools






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






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






34. 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






35. 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 - [






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






37. 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






38. 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






39. 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






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






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






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






43. 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






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

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45. 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.]






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






47. Pilfering - Chiseling - Fraud - Embezzlement






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






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






50. 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