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






2. 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






3. 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






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






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






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






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






8. 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






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






10. 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






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






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






13. 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






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






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






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






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






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






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






21. 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






22. 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






23. 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






24. 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






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






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






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






28. Pilfering - Chiseling - Fraud - Embezzlement






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






30. 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 - [






31. 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






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






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






34. 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






35. 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






36. 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






37. 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






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






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

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






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






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






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






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






45. 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]






46. 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






47. 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.






48. 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






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






50. Refers mainly to basic - bulky components and tools