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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. A type of Employee Crime: the destruction or fraudulent appropriation of another's money which has been entrusted to one's care
Types of Employee Crime
Love Canal
The Dalkon Shield
Embezzlement
2. 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
Robber barons
Holtfreter - Van Slyke and Blomberg - 2006
Strategic bankruptcy
Corporate crime
3. 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
Company Property
Role of the corporation in modern society
Parallel pricing
Power elite ...
4. 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
Parallel pricing
Paper entrepreneurs
Historical development of the corporation and corporate crime
Ford Pinto
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
Conflict of Interest
Financial Crime
Pilfering
Historical development of the corporation and corporate crime
6. Refers to a type of Employee Crime: known as petty theft
Strategic bankruptcy
Fraud
Pilfering
Corporate fraud
7. Refers to illegal activity that occurs in the world of finance and financial institutions
Defense Contract Fraud
Financial Crime
Family ganging
Corporate transgressions
8. 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
Corporate transgressions
Personal Property
Medical Crime
Who commits insider trading
9. 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
Embezzlement
Predatory pricing
Social Engineering
Steering
10. 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
Caveat Emptor
Ford Pinto
Robber barons
Health Care Fraud
11. Is the act of manipulating people into performing actions or divulging confidential information - rather than by breaking in or using technical cracking techniques
Ponzi scheme largest in history to date
Social Engineering
Company Property
Pyramid Schemes
12. Hospitals have defraud the government of billions of dollars annually through Medicaid and Medicare. [upcoding - service never performed - kickbacks - and self-referrals]
Occupational Deviance
Corporate fraud
Health Care Fraud
Why commit Sabotage
13. For lying about a stock sale conspiracy - and obstruction of justice.
Corporate crime
Company Property
Embezzlement
What Martha Stewart was jailed for
14. Its when a corporation commits criminal offences that are non-violence but have vast political and economic consequences. Sutherland
Finance crime
Corporate fraud
Embezzlement
Why commit Sabotage
15. 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
Various forms of corporate violence that are directed at the public
Overutilization
Fraud
Conflict of Interest
16. Refers to monogrammed clothing - wallets - jewelry - personally modified tools
The Dalkon Shield
Personal Property
Paper entrepreneurs
Insider trading
17. Gaining unauthorized access to computer system - file or network by using their specialized knowledge of computers
Corporate stealing from employees
Hacking
Personal Property
Parallel pricing
18. 'offenses committed by either corporate officials or the corporation itself - which benefit their corporation'
Occupational Deviance
Corporate crime
Finance crime
Manville case
19. Stock price dropped dramatically after drug was not approved by the FDA.
Financial Crime
Ford Pinto
Corporate crime
ImClone Case? Individual involved?
20. Kenneth Lay - Jeffery Skilling - Andy Fastile - Luis Barget
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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
Hacking
S&L Crisis
Types of Employee Crime
Ping-ponging
22. 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
Pyramid Schemes
Legal Crime
Ping-ponging
Corporate stealing from employees
23. 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.]
Company Property
Monopoly
Finance crime
Predatory pricing
24. Bankruptcy method used to avoid meeting certain burdensome finical obligations - including obligations to creditors
Strategic bankruptcy
Academic Crime
What Martha Stewart was jailed for
Insider trading
25. High returns are promised - Some early investors may receive payoffs - but most of the invested money is spent by the perpetrators
Price gouging and manipulation
Ping-ponging
Ponzi Schemes (no product
Social Engineering
26. Corporations with contracts to provide goods and services to the government. [Halliburton no-bid contracts]
Manville case
Kevin Mitnick
Defense Contract Fraud
Corporate fraud
27. 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.
Predatory pricing
S&L Crisis
Robber barons
The Dalkon Shield
28. 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
How Corporate violence differs from conventional interpersonal violence
Economic exploitation of employees
Inventory Shrinkage
Love Canal
29. 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
Power elite ...
Hacking
Why commit Sabotage
Insider trading
30. 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
Kevin Mitnick
Paper entrepreneurs
Raj Rajaratnam
Steering
31. Activities deviating from norms of employers - professional associations - or coworkers within an occupational setting - such as malingering or sexual harassment
Corporate crime
Enron's Main People
Occupational Deviance
Various forms of corporate violence that are directed at the public
32. Refers mainly to small - inexpensive - and expendable components and tools such as nails - bolts - scrap metals - pliers - and drill bits.
Finance crime
Company Property
Transnational corporations
Property of uncertain ownership
33. 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
Manville case
Legal Crime
Difference between a Ponzi Schemes and a Pyramid Scheme
Medical Crime
34. Directing patients to the clinic's pharmacy to fill unneeded prescriptions
The Dalkon Shield
Steering
Why commit Sabotage
Power elite ...
35. Pilfering - Chiseling - Fraud - Embezzlement
Types of Employee Crime
Paper entrepreneurs
Transnational corporations
Corporate Tax Evasion
36. Goods and supplies that are delivered and paid for but cannot be accounted for by sales or stockroom surveys [because the items disappeared]
Insider trading
Hacking
Inventory Shrinkage
Defense Contract Fraud
37. 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
Social Engineering
Insider trading
Predatory pricing
Monopoly
38. Was perhaps the single most famous example of a corporation that ruthlessly undercut virtually all competitors]
Enron's Main People
Ponzi Schemes (no product
Standard Oil Corporation - presided over by John D. Rockefeller
Embezzlement
39. 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]
Social Engineering
Ponzi scheme largest in history to date
Inventory Shrinkage
Corporate crime
40. Refers to plagiarism - embezzlement of university discretionary funds - forgery - claims about credentials
Technocrime Five types
Ford Pinto
Academic Crime
Health Care Fraud
41. A Corporation that ruthlessly undercut virtually all competitors in order to obtain control 95% of the market.
Monopoly
Parallel pricing
Hacking
Types of Retail Crime
42. 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
Steering
Power elite ...
Property of uncertain ownership
Holtfreter - Van Slyke and Blomberg - 2006
43. 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
Kevin Mitnick
Love Canal
Hacking
Chiseling
44. Major corporations cost US taxpayers huge amounts by evading their fair share of the tax burden
Corporate Tax Evasion
Ponzi Schemes (no product
Fraud
Insider trading
45. Refers to a type of Employee Crime: known as theft through misrepresentation
Caveat Emptor
Standard Oil Corporation - presided over by John D. Rockefeller
Fraud
Corporate Tax Evasion
46. 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
Predatory pricing
Economic exploitation of employees
Hacking
Monopoly
47. Billing for unnecessary tests and services - is the most common form of medical fraud and it is extremely difficult to prove and prosecute
Economic exploitation of employees
Raj Rajaratnam
Overutilization
Social Engineering
48. Manipulation of products - Short weighing - Bait-and-switch - Collection of taxes on nontaxable items [auto shop labor] - Wage theft
Holtfreter - Van Slyke and Blomberg - 2006
Types of Retail Crime
Who commits insider trading
Conflict of Interest
49. 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
Personal Property
Holtfreter - Van Slyke and Blomberg - 2006
Price gouging and manipulation
Kevin Mitnick
50. 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
Price gouging and manipulation
Overutilization
Medical Crime
ImClone Case? Individual involved?