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






2. 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






3. 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






4. 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






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






6. 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






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






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






9. 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






10. 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.






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






12. 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]






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






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






15. Food - transport - medical






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






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






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






19. 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






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






21. 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






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






23. 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






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






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






26. Refers mainly to basic - bulky components and tools






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






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






29. 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






30. 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






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






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






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






34. Pilfering - Chiseling - Fraud - Embezzlement






35. 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






36. 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






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






38. 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






39. 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






40. 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






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






42. White hats are good. Black hats are bad






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






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






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






46. 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)






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






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






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






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