Corporate Crime Practice Exam
Course Introduction
Corporate Crime examines the illegal actions committed by corporations, their employees, or agents on behalf of the company, and the broader implications these actions have on society, the economy, and the legal system. This course explores the various types of corporate crimes, including fraud, embezzlement, environmental violations, insider trading, and breaches of regulatory compliance. Students will analyze the motivations behind corporate misconduct, legal frameworks for addressing corporate crime, and the challenges involved in investigating and prosecuting such cases. Through case studies and discussion, the course also covers the impact of corporate crime on victims, corporate governance, and the role of ethical leadership in prevention.
Recommended Textbook
Profit Without Honor White Collar Crime and the Looting of America 6th Edition by
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13 Chapters
813 Verified Questions
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Page 2
Stephen M. Rosoff
Chapter 1: Introduction
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Sample Questions
Q1) Evaluate Ponzi schemes.What is a Ponzi scheme? Discuss examples from the text that resulted in substantial losses.How do people become victims of Ponzi schemes?
Answer: A Ponzi scheme attempts to cheat people by paying original investors with money from new investors. Answers may vary.
Q2) Personal frauds cost American tax payers an estimated $40 billion annually. A)True
B)False Answer: True
Q3) Edwin ________________ defined white-collar crime as crimes committed by a person of respectability and high social status in the course of his or her occupation. Answer: Sutherland
Q4) The government pays so little attention to white-collar crime because members of the ________________ do not express outrage over it as they do over street crime. Answer: public
Q5) White-collar crime appeared to be on the upswing in the ________________. Answer: 1990s
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3
Chapter 2: Crimes Against Consumers
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Sample Questions
Q1) Crimes against consumers do not carry a heavy social cost.
A)True
B)False
Answer: False
Q2) Transamerica Financial Services and Mellon Bank and also Resources Financial and Fleet Financial bank worked together to offer home loans to low-income people because:
A)there were not enough lenders in predominantly minority areas.
B)the finance companies wanted to assist first-time home buyers.
C)it enabled both to offer lower interest rates.
D)the banks wanted to conceal involvement in this lending practice.
Answer: D
Q3) Consumer ________________ is a category of crimes against consumers. Answer: fraud
Q4) The classic telephone swindle consists of three calls known as the front, the drive, and the ________________.
Answer: close
Q5) About ________________ % of American households make at least one 900 call each year.
Answer: 17
4
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Chapter 3: Unsafe Products
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Sample Questions
Q1) Discuss the dangers of the drug Halcion.Provide specific examples.
Answer: Halcion reportedly led to people suffering from amnesia, anxiety, bizarre delusions, hostile paranoia, and delirious behavior. In 1992, President George Bush vomited and fainted at a state dinner in Japan after taking Halcion.
Q2) Tobacco companies have used specific marketing campaigns with flavored cigarettes to target women.
A)True
B)False
Answer: False
Q3) Ford did not recall the Pinto because they decided that the average lawsuit settlements for serious burn injury and burn deaths would be cheaper.
A)True
B)False
Answer: True
Q4) For decades, ________________ has been recognized as the primary preventable cause of death in the United States.
Answer: smoking
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Page 5
Chapter 4: Environmental Crime
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Sample Questions
Q1) The infamous case at Love Canal has become the symbol of environmental crime.
A)True
B)False
Q2) More than three-quarters of all human disease is waterborne.
A)True
B)False
Q3) In the deregulation era, which of the following entities took the lead in pursuing workplace violators?
A)Occupational Safety and Health Administration
B)Department of Labor
C)Federal Trade Commission
D)Individual states
Q4) British Petroleum will ultimately end up having to pay ____________for legal settlements in the Deepwater Horizon drilling rig disaster.
A)$30 billion
B)$50 million
C)$100 billion
D)$250 million
Q5) Within one week in 1976, ________________ miners were killed at the Scotia Mine.
Q6) Exposure to________________ dust causes brown lung.
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Chapter 5: Institutional Corruption: Mass Media and Religion
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Sample Questions
Q1) Faith healer Peter Popoff was exposed when a skeptic got Popoff's wife on tape and he tried to cure a man of:
A)heart disease.
B)uterine cancer.
C)AIDS.
D)breast cancer.
Q2) Who in the 1930s argued that money was the yardstick used to measure achievement?
A)Merton
B)Durkheim
C)Sutherland
D)Hirschi
Q3) Evaluate and discuss why the government is so reluctant to become involved in the enforcement of religious fraud. Do you think there are reasons the government has become even more reluctant?
Q4) The Quiz Show Scandal involved:
A)contestants who were not randomly selected but paid to appear.
B)contestants in a conspiracy with other contestants.
C)contestants given answers to questions.
D)contestants provided with fake identities.
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Chapter 6: Securities Fraud
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Sample Questions
Q1) Paul Thayer used his position on corporate boards to get insider ________________.
Q2) Insider traders are stockholders, directors, officers, or any recipients of information not publicly available who take advantage of such limited disclosure for their own benefit.
A)True
B)False
Q3) Levying fines against wrongdoers is an example of what theory of punishment? This theory does not appear to be working.
A)Incapacitation
B)Restoration
C)Retribution
D)Deterrence
Q4) A form is insider trading is ________________ running.
Q5) The term "criminogenic" means:
A)a culture conducive to crime.
B)a culture adverse to crime.
C)a culture dominated by street crime.
D)a culture of greed and egomania.
Q6) Corporate restructuring usually means ________________.
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Chapter 7: Corporate Fraud
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Sample Questions
Q1) Dennis Kozlowski was the CEO behind Adelphia at the time the company filed for bankruptcy.
A)True
B)False
Q2) Jeff Skilling was the Enron executive receiving the greatest prison sentence.
A)True
B)False
Q3) The deregulation of the energy market in the mid-1990s provided a golden opportunity for Enron.
A)True
B)False
Q4) The ________________ press, hypnotized by Enron's success, missed a critical wake-up call with the resignation of Jeff Skilling.
Q5) Lay's connections and contributions to political candidates resulted in the spouse of what elected official being named to the Enron board?
A)Kay Bailey Hutcheson
B)Phil Gramm
C)Tom DeLay
D)Barack Obama
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Chapter 8: Fiduciary Fraud
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Sample Questions
Q1) Why were criminal networks a necessary part of many of the savings and loan frauds? What activities occurred in the criminal network? What were the common methods used to cheat the public?
Q2) ______________ refers to loans conditioned on receipts of deposits. The loan then goes into default and deposits can be withdrawn.
A)Land flips
B)Reciprocal lending
C)Linked financing
D)Nominee loans
Q3) Investigate the reinsurance industry.Is it still a common practice in the United States? Have there been any recent insurance scandals that involved the practice of reinsurance?
Q4) The Multiple Employer Welfare Arrangement was created by Congress to:
A)enable small business owners to avoid the requirement to provide insurance.
B)enable employers to provide life insurance.
C)enable employers to meet welfare payments requirements for health care.
D)enable employers to provide group medical insurance.
Q5) First Pension Corporation investments turned out to be a ________________ scheme.
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Chapter 9: Crimes by the Government
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Sample Questions
Q1) In the Tuskegee Study, study subjects failed to receive treatment for:
A)AIDS.
B)heart disease.
C)cancer.
D)syphilis.
Q2) A spokesperson for the Army scientific division argued that its experiments were no more dangerous than an urban bus ride and demonstrated the Army's contempt for humanity.
A)True
B)False
Q3) Nixon and his cohorts engaged in all of the following except:
A)hiring people to disrupt the National Democratic Convention.
B)leaking false stories to the press.
C)forging letters from prominent Democrats.
D)threatening candidates' family members.
Q4) The acronym CREEP stands for:
A)Committee to RE-Elect the President
B)Corruption Reward Exploitation
C)Candidate RE-Election Project
D)Communist Rejection Executive Expulsion Project
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Chapter 10: Corruption of Public Officials
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Sample Questions
Q1) What are possible explanations for police corruption?
Q2) Which of the following is an example of public corruption?
A)Sexual relations with an intern in the Oval Office
B)Unskilled relative hired as a policy analyst
C)Use of a prostitute
D)Drug use
Q3) Federal District Judge Alcee Hastings was impeached and removed from office after:
A)he denounced a Washington lawyer for accepting a bribe.
B)he was acquitted of conspiracy to commit bribery.
C)he was convicted of conspiracy to commit bribery.
D)he was investigated for bribery but never indicted.
Q4) Graft cases have been prosecuted in ____________ major American cities.
Q5) Congressional incumbents and electoral challengers have come to rely increasingly on ____________ interests to run for office.
Q6) Operation Greylord, which targeted judicial wrongdoing, took place in ____________.
Q7) Identify the three methods used by federal legislators to cheat the public. Provide examples.
Q8) Soft money is ____________.
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Chapter 11: Medical Crime
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Sample Questions
Q1) Using animals to test harmful drugs would be an activity that could constitute research fraud.
A)True
B)False
Q2) Prominent universities and institutions have also been involved in Medicare/Medicaid fraud and abuse. Their activities include all of the following <b>except</b>:
A)$10 million in false Medicare claims.
B)unnecessary lab tests.
C)charging $18 separately for blood tests; private insurers paid 65 cents.
D)not following guidelines and underpricing services.
Q3) Explain why the incidence of home care fraud has increased. What forms does it take and why is this crime difficult to investigate?
Q4) Health Maintenance Organizations (HMOs) are the new model for providing medical care. Criticisms of HMOs include all of the following <b>except</b>:
A)big salaries for administrators.
B)overemphasis on profit instead of care.
C)multiple trips to many specialists.
D)negligent under-treatment.
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Chapter 12: Computer Crime
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Sample Questions
Q1) Only the ________________ computer criminals are caught.
Q2) Viruses:
A)infect the host computer.
B)multiply.
C)are triggered at some point in the future.
D)hide from virus protection programs.
Q3) Explain what the "dark figure" of computer crime means.
Q4) The average computer crime nets $500,000.
A)True
B)False
Q5) The acronym EFT stands for:
A)east fun target.
B)ending fund target.
C)earned from trust.
D)electronic funds transfer.
Q6) Hackers first targeted:
A)the stock exchange.
B)the government.
C)schools.
D)banks.
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Chapter 13: Conclusions
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Sample Questions
Q1) Wealth maximization theorists argue that white-collar criminals suffer collateral consequences that street criminals do not. Which one of the following consequences do white-collar criminals actually suffer?
A)None
B)Social stigmatization
C)Loss of wealth
D)Difficulty in securing jobs
Q2) One proposal to counter white-collar crime is for "excessive transparency." This would require disclosure of executive dealings with competitor companies.
A)True
B)False
Q3) American Airlines CEO Carty lost his bonus and was forced to resign when ___________ disclosed a proposal to raise salaries and pay enormous bonuses to select executives at a time when the company had lost billions and employees were asked to take pay cuts.
A)media
B)government regulators
C)politicians
D)plaintiffs' lawyers
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