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






2. 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






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






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






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






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






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

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8. 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






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






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






11. 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.]






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






13. 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






14. 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






15. 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






16. White hats are good. Black hats are bad






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






18. 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)






19. 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






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






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






22. 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






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. 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






25. 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






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






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






28. 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






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






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






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






32. 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






33. Refers mainly to basic - bulky components and tools






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






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






36. Food - transport - medical






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






38. 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






39. 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






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






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






42. 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






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






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






45. 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






46. 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






47. Pilfering - Chiseling - Fraud - Embezzlement






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






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






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







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