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






2. Pilfering - Chiseling - Fraud - Embezzlement






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






4. Food - transport - medical






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






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






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






8. White hats are good. Black hats are bad






9. 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.






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






11. 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






12. 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






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






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






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






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






17. 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






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. 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






20. 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






21. 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






22. 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






23. 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






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






25. Refers mainly to basic - bulky components and tools






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






27. 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 - [






28. 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






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






30. 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






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






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






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






34. 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






35. 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






36. 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.]






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






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






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






40. 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






41. 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






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






43. 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






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






45. Manipulation of products - Short weighing - Bait-and-switch - Collection of taxes on nontaxable items [auto shop labor] - Wage theft






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






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






48. 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






49. 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






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