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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 a type of Employee Crime: known as petty theft






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






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






4. 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






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






6. 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






7. 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.






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






10. Food - transport - medical






11. 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)






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






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

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14. 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






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






16. 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 - [






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






18. 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






19. 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






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






21. 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






22. 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






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






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






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






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






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






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






30. White hats are good. Black hats are bad






31. 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]






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






33. 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






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. Pilfering - Chiseling - Fraud - Embezzlement






36. 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






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






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






39. Refers mainly to basic - bulky components and tools






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






41. 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.]






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






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






44. 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






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






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






47. 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






48. 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






49. 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






50. 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