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White Collar Crime

Subjects : law, business-skills
Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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. 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






2. 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






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






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






5. 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






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






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






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






9. 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






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






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






12. 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.






13. 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






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






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






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






17. 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






18. 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






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






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






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






22. Refers mainly to basic - bulky components and tools






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






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






26. 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)






27. 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






28. Food - transport - medical






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






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

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






32. 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






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






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






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






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






37. 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






38. 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






39. 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.]






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






41. 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






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






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






44. 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






45. 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






46. 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






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






48. 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






49. Pilfering - Chiseling - Fraud - Embezzlement






50. 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







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