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






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






3. 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






4. Food - transport - medical






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






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






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






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






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






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






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






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






13. 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






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






15. 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






16. 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






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






18. 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






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






20. 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






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






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

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23. 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






24. 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)






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






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






27. 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






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






29. 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






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






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






32. 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






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






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






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. Pilfering - Chiseling - Fraud - Embezzlement






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






38. 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






39. 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






40. 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






41. 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






42. 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 - [






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






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






45. 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






46. 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






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






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






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






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







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