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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. 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






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






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






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






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






6. 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






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






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






9. 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






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






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






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






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






14. 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






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






16. 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.






17. 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






18. 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)






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






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. 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






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






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. 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. 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






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






27. Food - transport - medical






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






29. 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






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






31. Pilfering - Chiseling - Fraud - Embezzlement






32. White hats are good. Black hats are bad






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






34. 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






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






36. 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 - [






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






38. 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






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






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






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

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






43. 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






44. 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






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






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






47. 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






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






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






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