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






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






4. 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






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






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






7. 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






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






9. Food - transport - medical






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






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






12. 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






13. White hats are good. Black hats are bad






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






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






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






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






19. 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






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






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






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

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






24. 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






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






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






27. 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.]






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






29. Pilfering - Chiseling - Fraud - Embezzlement






30. 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






31. 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






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






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






34. 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






35. 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






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






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






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






39. 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






40. 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






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






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






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






44. 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






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






46. 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






47. Refers mainly to basic - bulky components and tools






48. 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.






49. 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






50. 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