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






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






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






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






5. 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






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






7. 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






8. 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.]






9. 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






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






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






12. Refers mainly to basic - bulky components and tools






13. 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






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






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






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






17. 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 - [






18. 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






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. 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






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






23. 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






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






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






26. 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






27. 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






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






29. Food - transport - medical






30. 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






31. 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






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






33. 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.






34. 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






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






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






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






38. 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






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






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






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






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






43. 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






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






45. 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






46. 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






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






48. 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






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

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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