SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. 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
Insider trading
Corporate Tax Evasion
Pilfering
Legal Crime
2. 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
Raj Rajaratnam
Corporate fraud
Defense Contract Fraud
Role of the corporation in modern society
3. Pilfering - Chiseling - Fraud - Embezzlement
Religious Crime
Types of Employee Crime
Conflict of Interest
Types of Retail Crime
4. Refers to a type of Employee Crime: known as theft through misrepresentation
Corporate transgressions
Ford Pinto
Fraud
Strategic bankruptcy
5. 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
Embezzlement
Why commit Sabotage
Conflict of Interest
Inventory Shrinkage
6. Refers to a type of Employee Crime: known as cheating or swindling
Inventory Shrinkage
Ping-ponging
ImClone Case? Individual involved?
Chiseling
7. At one point the most-wanted computer criminal in the U.S. and was convicted of various computer and communications related crimes
Kevin Mitnick
Academic Crime
Monopoly
Health Care Fraud
8. Directing patients to the clinic's pharmacy to fill unneeded prescriptions
Predatory pricing
ImClone Case? Individual involved?
Steering
Corporate transgressions
9. Billing for unnecessary tests and services - is the most common form of medical fraud and it is extremely difficult to prove and prosecute
Robber barons
Price gouging and manipulation
Love Canal
Overutilization
10. Send you to a different place when they could have diagnosed it themselves
Academic Crime
Ping-ponging
Health Care Fraud
Legal Crime
11. 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
Parallel pricing
Company Property
Corporate transgressions
S&L Crisis
12. 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
Defense Contract Fraud
Property of uncertain ownership
Predatory pricing
Family ganging
13. Refers to a type of Employee Crime: known as petty theft
S&L Crisis
Pilfering
Difference between a Ponzi Schemes and a Pyramid Scheme
Role of the corporation in modern society
14. 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]
Parallel pricing
Property of uncertain ownership
Paper entrepreneurs
Ponzi scheme largest in history to date
15. Stock price dropped dramatically after drug was not approved by the FDA.
Love Canal
ImClone Case? Individual involved?
Hacking
Defense Contract Fraud
16. Refers to illegal activity that occurs in the world of finance and financial institutions
Strategic bankruptcy
Insider trading
Various forms of corporate violence that are directed at the public
Financial Crime
17. 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
Role of the corporation in modern society
Technocrime Five types
Strategic bankruptcy
Economic exploitation of employees
18. Is the act of manipulating people into performing actions or divulging confidential information - rather than by breaking in or using technical cracking techniques
Social Engineering
Ping-ponging
Steering
What Martha Stewart was jailed for
19. 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.]
Holtfreter - Van Slyke and Blomberg - 2006
Robber barons
Finance crime
Pyramid Schemes
20. 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
Corporate stealing from employees
Who commits insider trading
Pilfering
Ponzi Schemes (no product
21. Corporations operating in third-world countries include highly hazardous and dangerous working conditions at industrial facilities; exportation of unsafe products
The Dalkon Shield
Conflict of Interest
Corporate crime
Transnational corporations
22. Food - transport - medical
Robber barons
Who commits insider trading
ImClone Case? Individual involved?
Various forms of corporate violence that are directed at the public
23. Kenneth Lay - Jeffery Skilling - Andy Fastile - Luis Barget
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
24. Major corporations cost US taxpayers huge amounts by evading their fair share of the tax burden
Historical development of the corporation and corporate crime
Legal Crime
Embezzlement
Corporate Tax Evasion
25. Bankruptcy method used to avoid meeting certain burdensome finical obligations - including obligations to creditors
Ponzi scheme largest in history to date
Types of Retail Crime
Strategic bankruptcy
Power elite ...
26. 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 ...
Conflict of Interest
Ford Pinto
Robber barons
27. Manipulation of products - Short weighing - Bait-and-switch - Collection of taxes on nontaxable items [auto shop labor] - Wage theft
Corporate crime
Types of Retail Crime
The Dalkon Shield
Ponzi Schemes (no product
28. 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
Predatory pricing
Historical development of the corporation and corporate crime
Hacking
Corporate Tax Evasion
29. 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
Manville case
Technocrime Five types
Pilfering
Holtfreter - Van Slyke and Blomberg - 2006
30. For lying about a stock sale conspiracy - and obstruction of justice.
Predatory pricing
What Martha Stewart was jailed for
Power elite ...
S&L Crisis
31. 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
Paper entrepreneurs
Personal Property
Corporate stealing from employees
Chiseling
32. 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
ImClone Case? Individual involved?
Love Canal
Defense Contract Fraud
Economic exploitation of employees
33. Ponzi Schemes has (no a product) - While a Pyramid Scheme (has a product
Medical Crime
Personal Property
Difference between a Ponzi Schemes and a Pyramid Scheme
Insider trading
34. 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 - [
Inventory Shrinkage
Religious Crime
Technocrime Five types
Who commits insider trading
35. Refers to lawyers engaging in criminal conduct in the course of discharging their professional duties
Types of Retail Crime
Legal Crime
Chiseling
Inventory Shrinkage
36. Refers mainly to basic - bulky components and tools
Hacking
Enron's Main People
Company Property
Raj Rajaratnam
37. 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
Social Engineering
Historical development of the corporation and corporate crime
ImClone Case? Individual involved?
Ford Pinto
38. 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
Ponzi scheme largest in history to date
Kevin Mitnick
Insider trading
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
Conflict of Interest
Corporate fraud
Manville case
Hacking
40. Your whole family should come in for something that's not that serious]
Embezzlement
Kevin Mitnick
Pilfering
Family ganging
41. 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
Robber barons
Company Property
Pyramid Schemes
Types of Retail Crime
42. 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
Insider trading
Paper entrepreneurs
Medical Crime
Inventory Shrinkage
43. 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)
Technocrime Five types
Strategic bankruptcy
Ford Pinto
Inventory Shrinkage
44. 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
Types of Retail Crime
Monopoly
Legal Crime
Religious Crime
45. White hats are good. Black hats are bad
Steering
Ford Pinto
What Martha Stewart was jailed for
Different types of hackers
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
ImClone Case? Individual involved?
Price gouging and manipulation
Chiseling
Property of uncertain ownership
47. Gaining unauthorized access to computer system - file or network by using their specialized knowledge of computers
Robber barons
Ponzi scheme largest in history to date
Hacking
Chiseling
48. 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
Personal Property
Pilfering
Conflict of Interest
Monopoly
49. High returns are promised - Some early investors may receive payoffs - but most of the invested money is spent by the perpetrators
Predatory pricing
Price gouging and manipulation
Ponzi Schemes (no product
Robber barons
50. Its when a corporation commits criminal offences that are non-violence but have vast political and economic consequences. Sutherland
Corporate fraud
Financial Crime
Who commits insider trading
Occupational Deviance