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Test your basic knowledge |
White Collar Crime
Start Test
Study First
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. 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)
Corporate stealing from employees
Technocrime Five types
Types of Retail Crime
Property of uncertain ownership
2. Bankruptcy method used to avoid meeting certain burdensome finical obligations - including obligations to creditors
Corporate crime
Fraud
Price gouging and manipulation
Strategic bankruptcy
3. 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 - [
Financial Crime
Chiseling
Corporate fraud
Who commits insider trading
4. 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
Parallel pricing
Inventory Shrinkage
S&L Crisis
Manville case
5. Send you to a different place when they could have diagnosed it themselves
Corporate transgressions
Inventory Shrinkage
Raj Rajaratnam
Ping-ponging
6. Refers mainly to small - inexpensive - and expendable components and tools such as nails - bolts - scrap metals - pliers - and drill bits.
Property of uncertain ownership
Paper entrepreneurs
Religious Crime
Overutilization
7. 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
Strategic bankruptcy
Who commits insider trading
Price gouging and manipulation
Personal Property
8. Its when a corporation commits criminal offences that are non-violence but have vast political and economic consequences. Sutherland
Corporate crime
Corporate fraud
ImClone Case? Individual involved?
Occupational Deviance
9. Hospitals have defraud the government of billions of dollars annually through Medicaid and Medicare. [upcoding - service never performed - kickbacks - and self-referrals]
Corporate stealing from employees
Robber barons
Ponzi Schemes (no product
Health Care Fraud
10. Your whole family should come in for something that's not that serious]
Family ganging
Embezzlement
Conflict of Interest
Robber barons
11. Refers to illegal activity that occurs in the world of finance and financial institutions
Ponzi Schemes (no product
Financial Crime
Insider trading
Price gouging and manipulation
12. For lying about a stock sale conspiracy - and obstruction of justice.
Corporate fraud
What Martha Stewart was jailed for
The Dalkon Shield
Kevin Mitnick
13. Ponzi Schemes has (no a product) - While a Pyramid Scheme (has a product
Hacking
Finance crime
Holtfreter - Van Slyke and Blomberg - 2006
Difference between a Ponzi Schemes and a Pyramid Scheme
14. Let the buyer beware - has traditionally regulated the relationship between buyers and sellers
Caveat Emptor
ImClone Case? Individual involved?
Love Canal
Social Engineering
15. 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]
Defense Contract Fraud
The Dalkon Shield
Paper entrepreneurs
Ponzi scheme largest in history to date
16. 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
Overutilization
Historical development of the corporation and corporate crime
Robber barons
Conflict of Interest
17. 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
Enron's Main People
Caveat Emptor
Pyramid Schemes
Medical Crime
18. 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
Ponzi scheme largest in history to date
Types of Employee Crime
Occupational Deviance
Corporate transgressions
19. 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
Technocrime Five types
Why commit Sabotage
Enron's Main People
Manville case
20. Directing patients to the clinic's pharmacy to fill unneeded prescriptions
Holtfreter - Van Slyke and Blomberg - 2006
Company Property
Enron's Main People
Steering
21. 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
Various forms of corporate violence that are directed at the public
S&L Crisis
Family ganging
Technocrime Five types
22. Stock price dropped dramatically after drug was not approved by the FDA.
ImClone Case? Individual involved?
Ponzi Schemes (no product
Social Engineering
Power elite ...
23. Corporations with contracts to provide goods and services to the government. [Halliburton no-bid contracts]
Defense Contract Fraud
Parallel pricing
Finance crime
Chiseling
24. 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
Enron's Main People
Holtfreter - Van Slyke and Blomberg - 2006
Fraud
Paper entrepreneurs
25. 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
Legal Crime
Standard Oil Corporation - presided over by John D. Rockefeller
Raj Rajaratnam
Personal Property
26. Corporations operating in third-world countries include highly hazardous and dangerous working conditions at industrial facilities; exportation of unsafe products
Types of Retail Crime
Family ganging
Transnational corporations
ImClone Case? Individual involved?
27. Refers to a type of Employee Crime: known as theft through misrepresentation
Fraud
Ponzi Schemes (no product
Kevin Mitnick
Robber barons
28. 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
Love Canal
Chiseling
Company Property
Robber barons
29. Major corporations cost US taxpayers huge amounts by evading their fair share of the tax burden
Overutilization
Corporate Tax Evasion
Legal Crime
Types of Employee Crime
30. 'offenses committed by either corporate officials or the corporation itself - which benefit their corporation'
Health Care Fraud
Economic exploitation of employees
Corporate crime
Standard Oil Corporation - presided over by John D. Rockefeller
31. Refers to lawyers engaging in criminal conduct in the course of discharging their professional duties
Legal Crime
Inventory Shrinkage
Health Care Fraud
Who commits insider trading
32. 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.]
Defense Contract Fraud
Occupational Deviance
Finance crime
Pyramid Schemes
33. Activities deviating from norms of employers - professional associations - or coworkers within an occupational setting - such as malingering or sexual harassment
Conflict of Interest
Pilfering
Love Canal
Occupational Deviance
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
Corporate stealing from employees
Embezzlement
Ford Pinto
Raj Rajaratnam
35. Kenneth Lay - Jeffery Skilling - Andy Fastile - Luis Barget
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36. A type of Employee Crime: the destruction or fraudulent appropriation of another's money which has been entrusted to one's care
Health Care Fraud
Kevin Mitnick
Embezzlement
Corporate transgressions
37. 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
Transnational corporations
How Corporate violence differs from conventional interpersonal violence
Property of uncertain ownership
Different types of hackers
38. 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
Who commits insider trading
Monopoly
Kevin Mitnick
Role of the corporation in modern society
39. Refers to monogrammed clothing - wallets - jewelry - personally modified tools
Property of uncertain ownership
Monopoly
What Martha Stewart was jailed for
Personal Property
40. 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
Conflict of Interest
Pilfering
Academic Crime
Corporate transgressions
41. 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
Property of uncertain ownership
Ping-ponging
Strategic bankruptcy
Power elite ...
42. Refers to a type of Employee Crime: known as cheating or swindling
Chiseling
Hacking
Why commit Sabotage
Love Canal
43. 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
Religious Crime
Financial Crime
Power elite ...
Hacking
44. A Corporation that ruthlessly undercut virtually all competitors in order to obtain control 95% of the market.
Corporate fraud
Monopoly
Why commit Sabotage
Strategic bankruptcy
45. 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
Corporate fraud
Financial Crime
Pyramid Schemes
Inventory Shrinkage
46. 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
Legal Crime
Corporate transgressions
Predatory pricing
Corporate crime
47. 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.
Hacking
Embezzlement
Different types of hackers
The Dalkon Shield
48. 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
Historical development of the corporation and corporate crime
Medical Crime
Why commit Sabotage
Kevin Mitnick
49. Refers to plagiarism - embezzlement of university discretionary funds - forgery - claims about credentials
Overutilization
Corporate fraud
Academic Crime
Why commit Sabotage
50. 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
Overutilization
Power elite ...
Robber barons
Holtfreter - Van Slyke and Blomberg - 2006