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






2. Pilfering - Chiseling - Fraud - Embezzlement






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






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






5. 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






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






7. 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






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

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9. 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






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






11. 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






12. 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






13. 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 - [






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






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






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






17. 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






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






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






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






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






22. Food - transport - medical






23. 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]






24. 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.]






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






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






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






28. Refers mainly to basic - bulky components and tools






29. 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






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






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






33. 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






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






35. 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.






36. 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






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






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






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






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






42. 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






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






44. 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






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






46. 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






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






48. 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






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 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