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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 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






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






3. 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






4. 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






5. 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






6. 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






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






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






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






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






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






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






13. 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






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






15. 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.]






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






17. 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]






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






19. 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.






20. 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






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






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






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






26. 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






27. 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)






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






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






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






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






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






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






34. 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






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






36. 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






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






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






39. Food - transport - medical






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






41. 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 - [






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






43. 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






44. White hats are good. Black hats are bad






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






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






47. Pilfering - Chiseling - Fraud - Embezzlement






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






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






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