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






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

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






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






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






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






7. 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.






8. 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






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






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. Food - transport - medical






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






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






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






15. 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






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






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






18. 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






19. 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






20. 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






21. 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






22. 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






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






24. 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






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






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






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






28. 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)






29. 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






30. 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






31. 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






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






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






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. 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






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






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






38. 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






39. 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






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






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






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






43. 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]






44. Pilfering - Chiseling - Fraud - Embezzlement






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






46. Refers mainly to basic - bulky components and tools






47. 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






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






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






50. White hats are good. Black hats are bad