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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. 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)






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






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






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






5. 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






6. 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 - [






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






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






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






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






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






12. 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






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






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






15. 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






16. 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.]






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






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






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






20. 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






21. 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






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






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






25. 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






26. 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






27. 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






28. 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






29. 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






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






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






32. Food - transport - medical






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






34. 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]






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






36. 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






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






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






39. 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






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






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






42. Refers mainly to basic - bulky components and tools






43. Pilfering - Chiseling - Fraud - Embezzlement






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






45. White hats are good. Black hats are bad






46. 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






47. 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






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

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