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






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


3. 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 - [






4. 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






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






6. 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






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 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






9. 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






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






11. 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]






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






13. 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






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






15. 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






16. 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






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






18. 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






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






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






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






22. 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






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






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






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






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






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






28. 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






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






30. 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






31. 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






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






33. 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






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






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






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






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






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






40. 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






41. 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)






42. 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






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






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






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. Food - transport - medical






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






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






49. 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






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