Test your basic knowledge |

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






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






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






4. 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






5. 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






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






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






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






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






10. 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






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






12. Refers mainly to basic - bulky components and tools






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






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






15. 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






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






17. 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






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






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






20. 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






21. 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






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






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






24. White hats are good. Black hats are bad






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






26. 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






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






28. 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






29. 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






30. 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






31. 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)






32. 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.]






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






34. 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






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






36. 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.






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






38. 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






39. Pilfering - Chiseling - Fraud - Embezzlement






40. 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]






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






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






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






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






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






46. 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






47. 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 - [






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






49. 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






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