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






2. 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






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






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






5. 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






6. 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






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






8. 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






9. 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






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






11. White hats are good. Black hats are bad






12. 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






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






14. 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






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






16. 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






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






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






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






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






22. 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






23. 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 - [






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






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






26. 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






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






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






29. Food - transport - medical






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






31. 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






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






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






34. 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






35. 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






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






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






38. 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)






39. 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






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






41. 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






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






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






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

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






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






47. 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






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






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







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