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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. 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






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






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






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






5. 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.]






6. 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]






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






8. 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






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






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






11. 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






12. 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)






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






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






15. 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






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






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

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






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






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






21. 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






22. 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






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






24. 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.






25. 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






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






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






28. White hats are good. Black hats are bad






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






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






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






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






33. 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






34. 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






35. Pilfering - Chiseling - Fraud - Embezzlement






36. 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






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






38. 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






39. 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






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






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






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






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






44. 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






45. 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






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






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






48. Refers mainly to basic - bulky components and tools






49. 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






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