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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. 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






2. 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.






3. 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






4. 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






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






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






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






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






9. 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






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






11. 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






12. 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






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






15. Pilfering - Chiseling - Fraud - Embezzlement






16. 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






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






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






19. 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






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






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






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. 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






24. 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






25. 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.]






26. 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)






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

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28. 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






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






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






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






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






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






34. 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






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






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






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






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






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. Refers mainly to basic - bulky components and tools






42. 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]






43. Food - transport - medical






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






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






46. 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






47. 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 - [






48. 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






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






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