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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 operating in third-world countries include highly hazardous and dangerous working conditions at industrial facilities; exportation of unsafe products
Predatory pricing
Corporate stealing from employees
Social Engineering
Transnational corporations
2. 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
Why commit Sabotage
Hacking
How Corporate violence differs from conventional interpersonal violence
Inventory Shrinkage
3. 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
Corporate stealing from employees
Holtfreter - Van Slyke and Blomberg - 2006
Defense Contract Fraud
Hacking
4. A Corporation that ruthlessly undercut virtually all competitors in order to obtain control 95% of the market.
Manville case
Technocrime Five types
What Martha Stewart was jailed for
Monopoly
5. 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
Enron's Main People
Corporate transgressions
Raj Rajaratnam
Family ganging
6. 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
Transnational corporations
Manville case
Enron's Main People
Ford Pinto
7. Was perhaps the single most famous example of a corporation that ruthlessly undercut virtually all competitors]
Pilfering
Raj Rajaratnam
Standard Oil Corporation - presided over by John D. Rockefeller
Legal Crime
8. Your whole family should come in for something that's not that serious]
Academic Crime
Family ganging
Power elite ...
Pyramid Schemes
9. At one point the most-wanted computer criminal in the U.S. and was convicted of various computer and communications related crimes
Difference between a Ponzi Schemes and a Pyramid Scheme
Caveat Emptor
Chiseling
Kevin Mitnick
10. 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.]
ImClone Case? Individual involved?
Love Canal
Family ganging
Finance crime
11. 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
Inventory Shrinkage
Power elite ...
Academic Crime
Manville case
12. 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
S&L Crisis
Corporate Tax Evasion
How Corporate violence differs from conventional interpersonal violence
Occupational Deviance
13. 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
ImClone Case? Individual involved?
Fraud
Role of the corporation in modern society
14. Kenneth Lay - Jeffery Skilling - Andy Fastile - Luis Barget
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15. For lying about a stock sale conspiracy - and obstruction of justice.
Standard Oil Corporation - presided over by John D. Rockefeller
What Martha Stewart was jailed for
Finance crime
Embezzlement
16. Corporations with contracts to provide goods and services to the government. [Halliburton no-bid contracts]
Company Property
Economic exploitation of employees
Defense Contract Fraud
Corporate fraud
17. 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 - [
Parallel pricing
Who commits insider trading
Defense Contract Fraud
Transnational corporations
18. Goods and supplies that are delivered and paid for but cannot be accounted for by sales or stockroom surveys [because the items disappeared]
Corporate stealing from employees
Standard Oil Corporation - presided over by John D. Rockefeller
Inventory Shrinkage
Ponzi scheme largest in history to date
19. Its when a corporation commits criminal offences that are non-violence but have vast political and economic consequences. Sutherland
Chiseling
Overutilization
Occupational Deviance
Corporate fraud
20. Refers to plagiarism - embezzlement of university discretionary funds - forgery - claims about credentials
Power elite ...
Paper entrepreneurs
Holtfreter - Van Slyke and Blomberg - 2006
Academic Crime
21. Send you to a different place when they could have diagnosed it themselves
Price gouging and manipulation
Ping-ponging
Transnational corporations
Social Engineering
22. A type of Employee Crime: the destruction or fraudulent appropriation of another's money which has been entrusted to one's care
What Martha Stewart was jailed for
Ford Pinto
Strategic bankruptcy
Embezzlement
23. 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
Standard Oil Corporation - presided over by John D. Rockefeller
Religious Crime
Robber barons
Historical development of the corporation and corporate crime
24. High returns are promised - Some early investors may receive payoffs - but most of the invested money is spent by the perpetrators
Embezzlement
Economic exploitation of employees
Paper entrepreneurs
Ponzi Schemes (no product
25. 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
Corporate crime
Price gouging and manipulation
Different types of hackers
Monopoly
26. Is the act of manipulating people into performing actions or divulging confidential information - rather than by breaking in or using technical cracking techniques
Social Engineering
Manville case
Legal Crime
Types of Retail Crime
27. 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.
The Dalkon Shield
Love Canal
Types of Retail Crime
Conflict of Interest
28. Refers to a type of Employee Crime: known as petty theft
The Dalkon Shield
Pilfering
ImClone Case? Individual involved?
Steering
29. Refers to a type of Employee Crime: known as cheating or swindling
Health Care Fraud
Chiseling
Corporate crime
Who commits insider trading
30. Ponzi Schemes has (no a product) - While a Pyramid Scheme (has a product
Fraud
Ford Pinto
Love Canal
Difference between a Ponzi Schemes and a Pyramid Scheme
31. Directing patients to the clinic's pharmacy to fill unneeded prescriptions
Monopoly
Religious Crime
Steering
Power elite ...
32. Manipulation of products - Short weighing - Bait-and-switch - Collection of taxes on nontaxable items [auto shop labor] - Wage theft
Corporate fraud
Types of Retail Crime
Pyramid Schemes
Health Care Fraud
33. Hospitals have defraud the government of billions of dollars annually through Medicaid and Medicare. [upcoding - service never performed - kickbacks - and self-referrals]
What Martha Stewart was jailed for
Hacking
Health Care Fraud
S&L Crisis
34. 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
Family ganging
Health Care Fraud
Why commit Sabotage
Types of Retail Crime
35. 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
Different types of hackers
Raj Rajaratnam
Types of Retail Crime
Medical Crime
36. Food - transport - medical
Difference between a Ponzi Schemes and a Pyramid Scheme
Personal Property
Various forms of corporate violence that are directed at the public
Defense Contract Fraud
37. 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
Types of Employee Crime
Insider trading
Paper entrepreneurs
Transnational corporations
38. 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
Chiseling
Pyramid Schemes
Caveat Emptor
Overutilization
39. Gaining unauthorized access to computer system - file or network by using their specialized knowledge of computers
Enron's Main People
Ping-ponging
Types of Retail Crime
Hacking
40. 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]
Ponzi scheme largest in history to date
Health Care Fraud
Paper entrepreneurs
Monopoly
41. Stock price dropped dramatically after drug was not approved by the FDA.
Family ganging
Enron's Main People
Hacking
ImClone Case? Individual involved?
42. 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
Inventory Shrinkage
Predatory pricing
Corporate stealing from employees
Corporate crime
43. Bankruptcy method used to avoid meeting certain burdensome finical obligations - including obligations to creditors
Fraud
Strategic bankruptcy
Ford Pinto
Parallel pricing
44. Refers mainly to basic - bulky components and tools
Holtfreter - Van Slyke and Blomberg - 2006
The Dalkon Shield
Insider trading
Company Property
45. 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
Role of the corporation in modern society
Parallel pricing
Personal Property
Academic Crime
46. 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
Chiseling
Overutilization
Legal Crime
Love Canal
47. 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
Economic exploitation of employees
Paper entrepreneurs
Different types of hackers
Transnational corporations
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
Conflict of Interest
Ping-ponging
Steering
Paper entrepreneurs
49. Refers to illegal activity that occurs in the world of finance and financial institutions
Predatory pricing
Religious Crime
Legal Crime
Financial Crime
50. Let the buyer beware - has traditionally regulated the relationship between buyers and sellers
Historical development of the corporation and corporate crime
Property of uncertain ownership
Enron's Main People
Caveat Emptor