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






2. 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






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






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






5. 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






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






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






8. 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






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






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






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






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






13. White hats are good. Black hats are bad






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






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






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






17. 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






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






19. 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






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






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






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






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






24. 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






25. 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






26. 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 - [






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






28. Refers mainly to basic - bulky components and tools






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

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






31. 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






32. 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






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






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. 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






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






37. 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






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






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






40. 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






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






42. Pilfering - Chiseling - Fraud - Embezzlement






43. 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






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






45. Food - transport - medical






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






47. 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






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






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






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