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






2. 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






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






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






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






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






7. 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






8. Refers mainly to basic - bulky components and tools






9. Pilfering - Chiseling - Fraud - Embezzlement






10. 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






11. 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






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






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

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






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






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






17. 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






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






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






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






21. 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 - [






22. 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






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






24. 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






25. 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






26. 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






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






28. 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






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






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






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






32. 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






33. 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






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






35. White hats are good. Black hats are bad






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






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






38. 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






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






40. 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






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






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






43. 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






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






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






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






47. 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






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






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






50. 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