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Test your basic knowledge |
White Collar Crime
Start Test
Study First
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. 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
Types of Employee Crime
Paper entrepreneurs
Love Canal
Technocrime Five types
2. A Corporation that ruthlessly undercut virtually all competitors in order to obtain control 95% of the market.
Role of the corporation in modern society
Types of Retail Crime
Caveat Emptor
Monopoly
3. 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
Embezzlement
Enron's Main People
How Corporate violence differs from conventional interpersonal violence
Chiseling
4. 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
Social Engineering
Predatory pricing
Raj Rajaratnam
Finance crime
5. 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
Inventory Shrinkage
Occupational Deviance
Economic exploitation of employees
Manville case
6. White hats are good. Black hats are bad
Transnational corporations
Different types of hackers
Company Property
Manville case
7. At one point the most-wanted computer criminal in the U.S. and was convicted of various computer and communications related crimes
Kevin Mitnick
Robber barons
Defense Contract Fraud
Social Engineering
8. 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
Who commits insider trading
Historical development of the corporation and corporate crime
Finance crime
Manville case
9. Refers to a type of Employee Crime: known as petty theft
Corporate Tax Evasion
Steering
Medical Crime
Pilfering
10. Refers mainly to basic - bulky components and tools
Company Property
Overutilization
How Corporate violence differs from conventional interpersonal violence
Economic exploitation of employees
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
Ford Pinto
Defense Contract Fraud
Types of Retail Crime
Robber barons
12. 'offenses committed by either corporate officials or the corporation itself - which benefit their corporation'
Corporate crime
Insider trading
Enron's Main People
Religious Crime
13. Stock price dropped dramatically after drug was not approved by the FDA.
Robber barons
ImClone Case? Individual involved?
Enron's Main People
Defense Contract Fraud
14. High returns are promised - Some early investors may receive payoffs - but most of the invested money is spent by the perpetrators
Financial Crime
Corporate stealing from employees
Embezzlement
Ponzi Schemes (no product
15. Was perhaps the single most famous example of a corporation that ruthlessly undercut virtually all competitors]
Ping-ponging
Standard Oil Corporation - presided over by John D. Rockefeller
Personal Property
How Corporate violence differs from conventional interpersonal violence
16. Is the act of manipulating people into performing actions or divulging confidential information - rather than by breaking in or using technical cracking techniques
Price gouging and manipulation
ImClone Case? Individual involved?
Social Engineering
Corporate fraud
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
Personal Property
Overutilization
Pyramid Schemes
Religious Crime
18. 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
Chiseling
Holtfreter - Van Slyke and Blomberg - 2006
Financial Crime
Corporate fraud
19. For lying about a stock sale conspiracy - and obstruction of justice.
Steering
Financial Crime
Embezzlement
What Martha Stewart was jailed for
20. 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
Corporate transgressions
Medical Crime
Predatory pricing
Holtfreter - Van Slyke and Blomberg - 2006
21. 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
Types of Employee Crime
Pyramid Schemes
Financial Crime
Ping-ponging
22. 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
Parallel pricing
Occupational Deviance
Conflict of Interest
Raj Rajaratnam
23. Corporations operating in third-world countries include highly hazardous and dangerous working conditions at industrial facilities; exportation of unsafe products
Why commit Sabotage
Monopoly
Transnational corporations
Legal Crime
24. Let the buyer beware - has traditionally regulated the relationship between buyers and sellers
Corporate Tax Evasion
Property of uncertain ownership
Corporate fraud
Caveat Emptor
25. 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
Raj Rajaratnam
Monopoly
Chiseling
Caveat Emptor
26. Refers to illegal activity that occurs in the world of finance and financial institutions
Overutilization
Role of the corporation in modern society
Financial Crime
Corporate stealing from employees
27. Your whole family should come in for something that's not that serious]
Occupational Deviance
Paper entrepreneurs
Family ganging
Inventory Shrinkage
28. 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.]
Hacking
Corporate stealing from employees
Finance crime
Strategic bankruptcy
29. Pilfering - Chiseling - Fraud - Embezzlement
Strategic bankruptcy
The Dalkon Shield
Types of Employee Crime
Kevin Mitnick
30. 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.
Financial Crime
Standard Oil Corporation - presided over by John D. Rockefeller
Inventory Shrinkage
The Dalkon Shield
31. Ponzi Schemes has (no a product) - While a Pyramid Scheme (has a product
Difference between a Ponzi Schemes and a Pyramid Scheme
Chiseling
Kevin Mitnick
Property of uncertain ownership
32. 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
Who commits insider trading
Property of uncertain ownership
Historical development of the corporation and corporate crime
Role of the corporation in modern society
33. Kenneth Lay - Jeffery Skilling - Andy Fastile - Luis Barget
34. A type of Employee Crime: the destruction or fraudulent appropriation of another's money which has been entrusted to one's care
Role of the corporation in modern society
Embezzlement
Power elite ...
Company Property
35. 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
The Dalkon Shield
Ping-ponging
Price gouging and manipulation
Parallel pricing
36. 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
Why commit Sabotage
Love Canal
Manville case
Difference between a Ponzi Schemes and a Pyramid Scheme
37. Corporations with contracts to provide goods and services to the government. [Halliburton no-bid contracts]
How Corporate violence differs from conventional interpersonal violence
The Dalkon Shield
Defense Contract Fraud
Ponzi Schemes (no product
38. Refers to monogrammed clothing - wallets - jewelry - personally modified tools
Hacking
Personal Property
S&L Crisis
Historical development of the corporation and corporate crime
39. Its when a corporation commits criminal offences that are non-violence but have vast political and economic consequences. Sutherland
Property of uncertain ownership
Ponzi scheme largest in history to date
Overutilization
Corporate fraud
40. Bankruptcy method used to avoid meeting certain burdensome finical obligations - including obligations to creditors
Strategic bankruptcy
Overutilization
Holtfreter - Van Slyke and Blomberg - 2006
Standard Oil Corporation - presided over by John D. Rockefeller
41. Major corporations cost US taxpayers huge amounts by evading their fair share of the tax burden
Corporate Tax Evasion
Transnational corporations
Ping-ponging
Robber barons
42. 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
Standard Oil Corporation - presided over by John D. Rockefeller
S&L Crisis
Finance crime
Different types of hackers
43. 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
Types of Employee Crime
Company Property
Corporate stealing from employees
Why commit Sabotage
44. Directing patients to the clinic's pharmacy to fill unneeded prescriptions
Steering
Family ganging
Medical Crime
Corporate fraud
45. Hospitals have defraud the government of billions of dollars annually through Medicaid and Medicare. [upcoding - service never performed - kickbacks - and self-referrals]
Enron's Main People
Occupational Deviance
Health Care Fraud
Insider trading
46. Manipulation of products - Short weighing - Bait-and-switch - Collection of taxes on nontaxable items [auto shop labor] - Wage theft
Types of Retail Crime
Role of the corporation in modern society
Raj Rajaratnam
Caveat Emptor
47. Goods and supplies that are delivered and paid for but cannot be accounted for by sales or stockroom surveys [because the items disappeared]
Standard Oil Corporation - presided over by John D. Rockefeller
Occupational Deviance
Difference between a Ponzi Schemes and a Pyramid Scheme
Inventory Shrinkage
48. 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
Corporate Tax Evasion
Chiseling
ImClone Case? Individual involved?
Power elite ...
49. 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
Manville case
Economic exploitation of employees
Who commits insider trading
Conflict of Interest
50. Activities deviating from norms of employers - professional associations - or coworkers within an occupational setting - such as malingering or sexual harassment
Occupational Deviance
Robber barons
Pilfering
Corporate crime