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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. Billing for unnecessary tests and services - is the most common form of medical fraud and it is extremely difficult to prove and prosecute
Various forms of corporate violence that are directed at the public
Overutilization
Occupational Deviance
Difference between a Ponzi Schemes and a Pyramid Scheme
2. 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
Legal Crime
Company Property
Economic exploitation of employees
Ford Pinto
3. For lying about a stock sale conspiracy - and obstruction of justice.
Different types of hackers
Medical Crime
Overutilization
What Martha Stewart was jailed for
4. Bankruptcy method used to avoid meeting certain burdensome finical obligations - including obligations to creditors
Legal Crime
Why commit Sabotage
Strategic bankruptcy
Ponzi Schemes (no product
5. 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
Different types of hackers
Ponzi Schemes (no product
Historical development of the corporation and corporate crime
Predatory pricing
6. Corporations operating in third-world countries include highly hazardous and dangerous working conditions at industrial facilities; exportation of unsafe products
Transnational corporations
Standard Oil Corporation - presided over by John D. Rockefeller
Types of Retail Crime
Religious Crime
7. White hats are good. Black hats are bad
Ping-ponging
Raj Rajaratnam
Corporate transgressions
Different types of hackers
8. 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
Insider trading
Finance crime
Paper entrepreneurs
Pilfering
9. Refers mainly to basic - bulky components and tools
Company Property
Manville case
Ponzi scheme largest in history to date
Predatory pricing
10. Food - transport - medical
Strategic bankruptcy
Who commits insider trading
S&L Crisis
Various forms of corporate violence that are directed at the public
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
Medical Crime
Role of the corporation in modern society
Robber barons
Defense Contract Fraud
12. A Corporation that ruthlessly undercut virtually all competitors in order to obtain control 95% of the market.
Monopoly
Corporate stealing from employees
Ping-ponging
Pilfering
13. High returns are promised - Some early investors may receive payoffs - but most of the invested money is spent by the perpetrators
Various forms of corporate violence that are directed at the public
Financial Crime
Ponzi Schemes (no product
Technocrime Five types
14. Refers to illegal activity that occurs in the world of finance and financial institutions
Love Canal
Financial Crime
Who commits insider trading
Parallel pricing
15. 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
Pyramid Schemes
Paper entrepreneurs
What Martha Stewart was jailed for
Price gouging and manipulation
16. 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 - [
Strategic bankruptcy
Property of uncertain ownership
Enron's Main People
Who commits insider trading
17. 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
Power elite ...
Religious Crime
Chiseling
Corporate crime
18. Corporations with contracts to provide goods and services to the government. [Halliburton no-bid contracts]
Occupational Deviance
Love Canal
Defense Contract Fraud
Economic exploitation of employees
19. Directing patients to the clinic's pharmacy to fill unneeded prescriptions
Corporate Tax Evasion
Steering
Ping-ponging
Family ganging
20. 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
Defense Contract Fraud
Academic Crime
Various forms of corporate violence that are directed at the public
Robber barons
21. At one point the most-wanted computer criminal in the U.S. and was convicted of various computer and communications related crimes
How Corporate violence differs from conventional interpersonal violence
Family ganging
Finance crime
Kevin Mitnick
22. 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
Embezzlement
Conflict of Interest
Medical Crime
Predatory pricing
23. A type of Employee Crime: the destruction or fraudulent appropriation of another's money which has been entrusted to one's care
ImClone Case? Individual involved?
Embezzlement
Ponzi Schemes (no product
Parallel pricing
24. Your whole family should come in for something that's not that serious]
Corporate stealing from employees
Ping-ponging
Family ganging
Historical development of the corporation and corporate crime
25. 'offenses committed by either corporate officials or the corporation itself - which benefit their corporation'
Predatory pricing
How Corporate violence differs from conventional interpersonal violence
Corporate crime
ImClone Case? Individual involved?
26. 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
Price gouging and manipulation
S&L Crisis
Pyramid Schemes
Religious Crime
27. 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.]
Corporate crime
Financial Crime
Chiseling
Finance crime
28. Manipulation of products - Short weighing - Bait-and-switch - Collection of taxes on nontaxable items [auto shop labor] - Wage theft
Types of Retail Crime
Embezzlement
Family ganging
Pyramid Schemes
29. Goods and supplies that are delivered and paid for but cannot be accounted for by sales or stockroom surveys [because the items disappeared]
Property of uncertain ownership
Inventory Shrinkage
Family ganging
How Corporate violence differs from conventional interpersonal violence
30. 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
Role of the corporation in modern society
Standard Oil Corporation - presided over by John D. Rockefeller
Holtfreter - Van Slyke and Blomberg - 2006
Company Property
31. 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
Personal Property
S&L Crisis
Social Engineering
Ponzi Schemes (no product
32. 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
Role of the corporation in modern society
Predatory pricing
Kevin Mitnick
Robber barons
33. 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
Manville case
Economic exploitation of employees
Medical Crime
Types of Retail Crime
34. Refers mainly to small - inexpensive - and expendable components and tools such as nails - bolts - scrap metals - pliers - and drill bits.
Property of uncertain ownership
Steering
Corporate transgressions
Transnational corporations
35. Refers to monogrammed clothing - wallets - jewelry - personally modified tools
S&L Crisis
Personal Property
Predatory pricing
Pilfering
36. Refers to a type of Employee Crime: known as cheating or swindling
Chiseling
Property of uncertain ownership
Ponzi scheme largest in history to date
Standard Oil Corporation - presided over by John D. Rockefeller
37. 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
Company Property
Conflict of Interest
Finance crime
38. Was perhaps the single most famous example of a corporation that ruthlessly undercut virtually all competitors]
Embezzlement
Property of uncertain ownership
Standard Oil Corporation - presided over by John D. Rockefeller
Personal Property
39. 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
Finance crime
What Martha Stewart was jailed for
Family ganging
Love Canal
40. 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
Various forms of corporate violence that are directed at the public
Historical development of the corporation and corporate crime
Why commit Sabotage
Love Canal
41. Kenneth Lay - Jeffery Skilling - Andy Fastile - Luis Barget
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42. They are the top people in the corporate world - government - and military whom have 'interlocks' - or a complex network of ties - that enable them to advance their interrelated interests and move quite easily between high-level private- and public-s
Family ganging
Economic exploitation of employees
Embezzlement
Power elite ...
43. 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
Power elite ...
Monopoly
Manville case
Ponzi Schemes (no product
44. Refers to a type of Employee Crime: known as petty theft
Economic exploitation of employees
Kevin Mitnick
Strategic bankruptcy
Pilfering
45. 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
Fraud
Different types of hackers
Corporate stealing from employees
Standard Oil Corporation - presided over by John D. Rockefeller
46. 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)
Technocrime Five types
Raj Rajaratnam
Types of Retail Crime
Corporate fraud
47. Stock price dropped dramatically after drug was not approved by the FDA.
Transnational corporations
Corporate stealing from employees
ImClone Case? Individual involved?
Legal Crime
48. 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
Economic exploitation of employees
Raj Rajaratnam
What Martha Stewart was jailed for
Manville case
49. Let the buyer beware - has traditionally regulated the relationship between buyers and sellers
Caveat Emptor
Steering
Pilfering
Personal Property
50. Refers to a type of Employee Crime: known as theft through misrepresentation
Fraud
Social Engineering
Why commit Sabotage
Monopoly