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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. 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






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






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






4. 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.






5. Refers mainly to basic - bulky components and tools






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






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






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






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






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






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


12. 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






13. 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






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






15. 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






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






17. 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)






18. 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






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






20. 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






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






22. Food - transport - medical






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






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






25. Pilfering - Chiseling - Fraud - Embezzlement






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






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






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






29. 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






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






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






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






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






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






35. 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






36. 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






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






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. 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






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






41. 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






42. 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]






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






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






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






46. 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 - [






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






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






49. 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






50. 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