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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. 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






2. 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






3. 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






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






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






6. 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






7. 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]






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






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






10. Food - transport - medical






11. 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






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






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






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






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






16. 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 - [






17. 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






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






19. Pilfering - Chiseling - Fraud - Embezzlement






20. 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






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






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






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






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






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






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. 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






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






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






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

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






32. 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






33. 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.






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






35. White hats are good. Black hats are bad






36. 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






37. 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.]






38. 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






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






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






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






42. 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






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






44. Refers mainly to basic - bulky components and tools






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






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






47. 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






48. 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






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






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






Can you answer 50 questions in 15 minutes?



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