Test your basic knowledge |

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. 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






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






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






4. 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






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

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






7. Food - transport - medical






8. 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






9. 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






10. 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 - [






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






12. White hats are good. Black hats are bad






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






14. 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.]






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






16. 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






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






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






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






20. 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






21. 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.






22. 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






23. 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






24. 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






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






26. Refers mainly to basic - bulky components and tools






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






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






29. Pilfering - Chiseling - Fraud - Embezzlement






30. 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






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






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






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






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






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






36. 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






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






38. 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






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






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






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






42. 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






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






44. 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






45. 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






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






47. 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






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. 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






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