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






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






3. 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






4. 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






5. 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.]






6. Refers mainly to basic - bulky components and tools






7. 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






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






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






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






12. Food - transport - medical






13. 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]






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






15. 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






16. 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






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






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






19. 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






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






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






22. 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






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






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






25. 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






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






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






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






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






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






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






32. 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 - [






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






34. 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






35. 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






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






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






38. 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






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






40. Pilfering - Chiseling - Fraud - Embezzlement






41. 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






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






44. 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






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






46. White hats are good. Black hats are bad






47. 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






48. 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






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






50. 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