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






2. Refers to a type of Employee Crime: known as petty theft






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






4. 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






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






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


7. 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






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






9. 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






10. 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






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






12. 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






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






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






15. 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






16. 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






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






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






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






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






21. 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






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






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






25. 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.]






26. 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)






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






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 - [






29. 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






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






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






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






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






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






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






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






37. Food - transport - medical






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






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






40. 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






41. 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






42. 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






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






44. 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






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






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






47. 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






48. 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]






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






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