Test your basic knowledge |

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. 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






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






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


4. White hats are good. Black hats are bad






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






6. 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






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






8. 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






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






10. 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






11. 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






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






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






14. 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






15. 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






16. 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






17. 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






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






19. Pilfering - Chiseling - Fraud - Embezzlement






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






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






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






23. 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






24. Food - transport - medical






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






26. 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






27. Refers mainly to basic - bulky components and tools






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






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






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






31. 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






32. 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






33. 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)






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






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






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






37. 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






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






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






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






41. 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.






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






43. 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 - [






44. 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






45. 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






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






47. 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.]






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






49. 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






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