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






2. Food - transport - medical






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

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






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






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






8. 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






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






10. 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






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






12. 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






13. 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






14. White hats are good. Black hats are bad






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






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






17. 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






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






19. 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






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






21. 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






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. Pilfering - Chiseling - Fraud - Embezzlement






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






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






27. 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






28. Refers mainly to basic - bulky components and tools






29. 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]






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






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






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






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






34. 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)






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






36. 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






37. 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






38. 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






39. 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






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






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






42. 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






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






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






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






46. 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






47. 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






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






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






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