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Test your basic knowledge |
White Collar Crime
Start Test
Study First
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. Stock price dropped dramatically after drug was not approved by the FDA.
ImClone Case? Individual involved?
Hacking
Pilfering
Corporate fraud
2. 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.]
Inventory Shrinkage
Corporate fraud
Medical Crime
Finance crime
3. Refers to a type of Employee Crime: known as theft through misrepresentation
Monopoly
Ponzi scheme largest in history to date
Fraud
Technocrime Five types
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
Pilfering
Religious Crime
Power elite ...
Ford Pinto
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.
Fraud
The Dalkon Shield
Occupational Deviance
Manville case
6. A Corporation that ruthlessly undercut virtually all competitors in order to obtain control 95% of the market.
Why commit Sabotage
Pilfering
Monopoly
Corporate transgressions
7. Let the buyer beware - has traditionally regulated the relationship between buyers and sellers
Holtfreter - Van Slyke and Blomberg - 2006
Caveat Emptor
Health Care Fraud
Medical Crime
8. Fixed prices or parallel pricing is when the leaders in the industry set inflated prices and supposed competitors adjust their own prices accordingly. Explicit price fixing was prohibited by the Sherman Antitrust Act of 1890 as a form of 'restraint t
Types of Retail Crime
Standard Oil Corporation - presided over by John D. Rockefeller
Parallel pricing
Finance crime
9. 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
Who commits insider trading
Manville case
Conflict of Interest
Various forms of corporate violence that are directed at the public
10. 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
Strategic bankruptcy
Role of the corporation in modern society
Inventory Shrinkage
Monopoly
11. 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
Power elite ...
Economic exploitation of employees
Defense Contract Fraud
Predatory pricing
12. Goods and supplies that are delivered and paid for but cannot be accounted for by sales or stockroom surveys [because the items disappeared]
Corporate fraud
Raj Rajaratnam
Robber barons
Inventory Shrinkage
13. 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
Personal Property
Hacking
Robber barons
Manville case
14. Your whole family should come in for something that's not that serious]
Fraud
Economic exploitation of employees
Predatory pricing
Family ganging
15. 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
Raj Rajaratnam
Corporate crime
Paper entrepreneurs
Enron's Main People
16. 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
Company Property
Standard Oil Corporation - presided over by John D. Rockefeller
Corporate fraud
Medical Crime
17. 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
Legal Crime
Caveat Emptor
Power elite ...
The Dalkon Shield
18. Activities deviating from norms of employers - professional associations - or coworkers within an occupational setting - such as malingering or sexual harassment
Occupational Deviance
Ford Pinto
Price gouging and manipulation
Ping-ponging
19. High returns are promised - Some early investors may receive payoffs - but most of the invested money is spent by the perpetrators
Manville case
Ponzi Schemes (no product
Ponzi scheme largest in history to date
Types of Retail Crime
20. Major corporations cost US taxpayers huge amounts by evading their fair share of the tax burden
Price gouging and manipulation
Corporate Tax Evasion
Role of the corporation in modern society
Standard Oil Corporation - presided over by John D. Rockefeller
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)
Defense Contract Fraud
Types of Retail Crime
Pyramid Schemes
Technocrime Five types
22. Directing patients to the clinic's pharmacy to fill unneeded prescriptions
Steering
Legal Crime
Religious Crime
Academic Crime
23. Refers mainly to basic - bulky components and tools
Company Property
Corporate stealing from employees
Price gouging and manipulation
What Martha Stewart was jailed for
24. White hats are good. Black hats are bad
Different types of hackers
Role of the corporation in modern society
Who commits insider trading
Ponzi scheme largest in history to date
25. Gaining unauthorized access to computer system - file or network by using their specialized knowledge of computers
Why commit Sabotage
How Corporate violence differs from conventional interpersonal violence
Kevin Mitnick
Hacking
26. 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
Why commit Sabotage
Economic exploitation of employees
Raj Rajaratnam
Difference between a Ponzi Schemes and a Pyramid Scheme
27. 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
Ponzi scheme largest in history to date
Ping-ponging
Historical development of the corporation and corporate crime
Property of uncertain ownership
28. 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 - [
Overutilization
Who commits insider trading
Defense Contract Fraud
Monopoly
29. Kenneth Lay - Jeffery Skilling - Andy Fastile - Luis Barget
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30. Is the act of manipulating people into performing actions or divulging confidential information - rather than by breaking in or using technical cracking techniques
Love Canal
Social Engineering
Property of uncertain ownership
Enron's Main People
31. Its when a corporation commits criminal offences that are non-violence but have vast political and economic consequences. Sutherland
Ponzi Schemes (no product
Corporate fraud
Love Canal
Parallel pricing
32. Refers to a type of Employee Crime: known as cheating or swindling
Corporate fraud
Chiseling
Various forms of corporate violence that are directed at the public
Religious Crime
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
Strategic bankruptcy
Love Canal
The Dalkon Shield
Difference between a Ponzi Schemes and a Pyramid Scheme
34. Corporations with contracts to provide goods and services to the government. [Halliburton no-bid contracts]
Raj Rajaratnam
How Corporate violence differs from conventional interpersonal violence
Defense Contract Fraud
Paper entrepreneurs
35. Refers to monogrammed clothing - wallets - jewelry - personally modified tools
Personal Property
Legal Crime
How Corporate violence differs from conventional interpersonal violence
Kevin Mitnick
36. 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
Fraud
Price gouging and manipulation
Corporate transgressions
Defense Contract Fraud
37. Refers to illegal activity that occurs in the world of finance and financial institutions
Financial Crime
Ford Pinto
Corporate crime
How Corporate violence differs from conventional interpersonal violence
38. At one point the most-wanted computer criminal in the U.S. and was convicted of various computer and communications related crimes
Corporate transgressions
Hacking
Health Care Fraud
Kevin Mitnick
39. Refers mainly to small - inexpensive - and expendable components and tools such as nails - bolts - scrap metals - pliers - and drill bits.
Pyramid Schemes
Occupational Deviance
Religious Crime
Property of uncertain ownership
40. Pilfering - Chiseling - Fraud - Embezzlement
Raj Rajaratnam
Company Property
Occupational Deviance
Types of Employee Crime
41. 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
The Dalkon Shield
Why commit Sabotage
Strategic bankruptcy
Steering
42. 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
Defense Contract Fraud
Corporate stealing from employees
S&L Crisis
Predatory pricing
43. 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]
Corporate transgressions
Ponzi scheme largest in history to date
Price gouging and manipulation
Economic exploitation of employees
44. 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
Pyramid Schemes
Corporate crime
Types of Retail Crime
Corporate stealing from employees
45. 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
Insider trading
Inventory Shrinkage
Manville case
Pyramid Schemes
46. A type of Employee Crime: the destruction or fraudulent appropriation of another's money which has been entrusted to one's care
Embezzlement
Legal Crime
Steering
Religious Crime
47. Billing for unnecessary tests and services - is the most common form of medical fraud and it is extremely difficult to prove and prosecute
Occupational Deviance
Price gouging and manipulation
Defense Contract Fraud
Overutilization
48. Refers to a type of Employee Crime: known as petty theft
Health Care Fraud
Pilfering
Ponzi scheme largest in history to date
Predatory pricing
49. 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
Parallel pricing
Personal Property
Raj Rajaratnam
Price gouging and manipulation
50. Food - transport - medical
Various forms of corporate violence that are directed at the public
Transnational corporations
Chiseling
Enron's Main People