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






2. 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






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






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






5. 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]






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






7. 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






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






9. 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






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






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






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






13. 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






14. 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 - [






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


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






17. 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






18. 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






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






20. 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.]






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






22. 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






23. 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






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






25. 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.






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






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






29. 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






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






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






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






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






34. 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






35. Food - transport - medical






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






37. Pilfering - Chiseling - Fraud - Embezzlement






38. 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






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






40. 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






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






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






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






44. 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






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






46. 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






47. 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






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






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






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