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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. 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






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






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






4. 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]






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






6. 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






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






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






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






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






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






12. 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)






13. 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






14. 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.






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






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






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






18. 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






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






20. 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






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






22. 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






23. 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 - [






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






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






26. 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






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

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28. 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






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






30. 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






31. 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






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






33. 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






34. Refers mainly to basic - bulky components and tools






35. Food - transport - medical






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






37. 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






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






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






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






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






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






43. 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






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






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






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






47. 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






48. 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






49. White hats are good. Black hats are bad






50. 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