White-Collar Crime MCQs
White-Collar Crime MCQs
Our experts have gathered these White-Collar Crime MCQs through research, and we hope that you will be able to see how much knowledge base you have for the subject of White-Collar Crime by answering these 90+ multiple-choice questions.
Get started now by scrolling down!
1: White-collar theft is differentiated from so-called street crime (or common crime) theft by the amount of money and/or value of goods taken by the criminal.
A. True
B. False
2: A man goes to a new doctor to receive a routine physical exam. When he is asked to provide his identifying information he gives his brother’s information instead. His brother has been diagnosed with Parkinson’s disease, does not have insurance, and it would be very costly if not impossible for him to get insured. The man hopes to obtain a clean bill of health for his brother so he can get insurance and thus afford the life-saving treatment he needs. Have the brothers attempted to engage in health care fraud?
A. Yes, the misrepresented themselves to gain services.
B. Yes, it is illegal for anyone with a terminal illness to obtain health insurance.
C. No, they did not intend to profit from the deception.
D. No, such an act is justified (justification defense) when a person’s life is in danger.
3: A solar-panel construction company is discovered to have been dumping excess chemicals in an illegal manner. Which agency will most likely officially investigate this act?
A. Environmental Protection Agency
B. Federal Bureau of Investigations
C. Drug Enforcement Agency
D. World Wildlife Fund
4: Which element is NOT required in order for the prosecution to demonstrate mail fraud?
A. Knowing participation in a scheme to defraud
B. Intentional false statement or promise
C. A co-conspirator in the scheme
D. The intent to obtain money
5: A high-ranking corporate executive knows that a competing company is about to release a new product, which will cause his company’s stock to fall. He sends an email to a friend who owns his company stock, informing him of this new development. Has he committed insider trading?
A. Yes, he tipped others with nonpublic information.
B. Yes, he shared nonpublic information for his own profit.
C. No, he did not profit from the information.
D. No, he did not sell his own stock.
6: It is illegal for groups or persons to contribute money to a public official (including his or her election campaign) for the purpose of obtaining “favors.”
A. True
B. False
7: The purpose of securities law is to ensure those who make significant amounts of money are always scrutinized.
A. True
B. False
8: OSHA pursues all of the following classifications EXCEPT ______.
A. Intentional
B. Knowing
C. Specific
D. Reckless
9: A man takes a second job to earn extra income. He is currently going through a divorce and wants to hide the income from his wife and her lawyers. He contacts a colleague who moves the money around through a series of loans to hide the source of the money. Has the man committed the crime of money laundering?
A. Yes, he laundered the money to hide it from his wife.
B. Yes, any moving of money in such a manner is illegal.
C. No, he did not intend to use the money for illegal purposes.
D. No, he did not obtain the money though illegal means.
10: A high-ranking corporate executive knows that a competing company is about to release a new product, which will cause his company’s stock to fall. With the permission of the board of directors, he releases this information to the public and then sells a good deal of his company’s stock to prevent taking too large of a loss. Has he committed insider trading?
A. Yes, trading stock while possessing any nonpublic information is a crime.
B. Yes, he did not provide sufficient time for the stock to adjust to the information.
C. No, he need only release information if it will cause the stock to rise.
D. No, he disclosed the information to the public.
11: A fiduciary relationship is a duty of care possessed by corporate executives that requires them to protect the investments of the stockholders.
A. True
B. False
12: A high-ranking member of a nation-wide environmental preservation group has been slowly embezzling funds for three years. Which agency will most likely carry out an official investigation?
A. Environmental Protection Agency
B. Federal Bureau of Investigations
C. Drug Enforcement Agency
D. World Wildlife Fund
13: The difference between bribery and graft is that graft does NOT require an intent to influence or be influenced.
A. True
B. False
14: Mark sold drugs here and there to make extra money. With minimal effort he made more than he needed to live. He decided to start a taxi business with the money he earned selling drugs. He had an interest in cars and was hopeful he could sell to customers needing a ride. Which crime would he most likely be charged with?
A. Embezzlement
B. False pretenses
C. Money laundering
D. Insider trading
15: A small town has only two professional photographers. One of them recently purchased some expensive new equipment and thus raised his rates. After his competitor’s rate hike, the other lost business because customers thought it necessary to pay a higher price for quality services. Thus the second photographer also raised his rates, although he never got new equipment. Have these two engaged in antitrust violations?
A. Yes, they unnecessarily raised their rates.
B. Yes, it is reasonable to assume they agreed to the rate hikes.
C. No, there is no proof of any agreement to raise prices.
D. No, nothing prevented new photographers from opening business in the town.
16: An example of an occupational crime is insider trading
A. True
B. False
17: The Sarbanes-Oxley Act of 2002 ______.
A. Made it more difficult to prosecute corporate criminals
B. Increased penalties for corporate criminals
C. Lowered the budgets of investigative agencies
D. Collected and distributed corporate wrongdoings each year
18: An occupational crime is a crime committed ______.
A. On behalf of a business organization
B. By businesses against individuals
C. By individuals against businesses
D. B & C
19: Which of the following would not contribute to a newcomer conforming to unethical behavior at a corporation?
A. Appreciation
B. Additional compensation
C. Bending of the rules
D. High ethical and moral values
20: What allowed for massive embezzlement of funds to occur in the S&L scandal?
A. Regulation
B. Hyperinflation
C. Deregulation
D. Scams
21: Moral hazard is considered to be the root of the mortgage scandal.
A. True
B. False
22: In 1979, Congress defined white-collar crime as “an illegal act or series of illegal acts committed by non-physical means and by concealment or guile, to obtain money or property, or to obtain business or personal advantage”. This definition focuses on characteristics of ______.
A. The offender
B. The offense
C. The personal advantage
D. The high-status person
23: Who monitors corporate wrongdoing?
A. Local police
B. A variety of criminal, administrative, and regulatory bodies
C. United States Congress
D. Influential Politicians
24: Which of the following would not constitute a cybercrime?
A. Accessing someone else’s computer without their knowledge
B. Email harassment
C. Denial of service attack on a company’s computer system
D. Purchasing music online
25: Cybercrime is the use of computer technology to criminally victimize unwary individuals or groups.
A. True
B. False
26: Occupational crime refers to crime by business or officials, committed on behalf of the employing organization.
A. True
B. False
27: ______ refers to crimes committed by businesses or officials, committed on behalf of the employing organizations.
A. Occupational crime
B. Corporate crime
C. White-collar crime
D. White-collar deadbeats
28: The occupational/organizational crime grid classifies the crimes in terms of both perpetrators and victims.
A. True
B. False
29: Which of the following is not a similarity between corporate and traditional offenders?
A. Contempt for government regulators
B. Violations are widespread
C. Offenders lose status among their peers
D. They are recidivists
30: Which of the following was not one of the offenses that the Watergate team was charged with?
A. Illegal surveillance
B. Homicide
C. Burglary
D. Attempted bribery
31: Warez release groups are organized syndicates that steal music, movies, and other software to distribute across the internet.
A. True
B. False
32: Theft from an employer by an individual who has reached a position of financial trust is known as _____.
A. Employee larceny
B. Payroll padding
C. Embezzlement
D. Advanced fee swindles
33: Employees who are willing to step forward to reveal wrongdoing by their employers are referred to as ______.
A. Whistleblowers
B. Snitches
C. Tattletales
D. Informants
34: Which of the following were identified as some of the reforms of the Sarbanes–Oxley Act?
A. Accountants will no longer be considered independent and objective.
B. Lawyers are required to become whistle-blowers.
C. Mutual fund managers must ensure that shareholder proxies are voted in the best interest of investors.
D. All of these
35: Which of the following involves the labor officials and negotiators secretly making a deal with the management to the disadvantage of the workers whom the labor officials represent?
A. Revolving door
B. Judgescam
C. Big dirty secret
D. Sweetheart contract
36: The acquiring of information through deceptive or illegal forms in the corporate world is known as ______.
A. Industrial espionage
B. Forgery
C. Fraud
D. Corporate crime
37: White-collar crime did not exist before the twentieth century.
A. True
B. False
38: White-collar crime cost several times as much as “street crime.”
A. True
B. False
39: Which of the following is not an example of crime against consumers by professionals and merchants?
A. Bait ‘n’ switch
B. Pyramid
C. Pump and dump
D. Churning
40: What is the big dirty secret?
A. Most employees steal from their employers.
B. Online piracy results in lost revenue.
C. The criminal justice system is soft on white-collar crime.
D. Chase Manhattan Bank did business with the Nazis during the war.
41: Is corporate Crime criminal activity on behalf of a business organization?
A. True
B. False
42: _____ is the close relationship between businesspeople and politicians for purposes of lining each other’s pockets.
A. None of these
B. The dark figure of crime
C. The blue wall of silence
D. Crony Capitalism
43: _____ is defined as a wide variety of crimes committed with computer technology.
A. All of these
B. Anderson
C. Cybercrime
D. Park
44: _____ is known as a person who illicitly accesses someone else’s computer system.
A. Robert Merton
B. Travis Hirschi
C. All of these
D. Hacker
45: Is moral Hazard the tendency to take unwarranted risks when costs are not borne by the party taking the risk?
A. False
B. True
46: _____ is crime committed by individuals in the course of their employment.
A. Excess of social capital
B. Maturity gap
C. Occupational Crime
D. All of these
47: Is sarbanes-Oxley Act (SOA) an act passed in 2002 in response to numerous corporate scandals. Provisions include increased funding for the Security Exchange Commission, penalty enhancement for white-collar crimes, and the relaxing of some legal impediments to gaining convictions?
A. False
B. True
48: _____ is illegally copying and distributing computer software.
A. Mala in Se
B. Mala Prohibita
C. Software Piracy
D. None of these
49: _____ is defined as an illegal act or series of illegal acts committed by nonphysical means and by concealment or guile to obtain money or property or to obtain a business or personal advantage.
A. Defensive
B. All of these
C. Thrill
D. White-Collar Crime
50: _____ is defined as a scam that preys on naive elderly victims. For example, an elderly man might be falsely accused of sexual relations with a young female who is really a con artist.
A. Left realism
B. Marxist
C. None of these
D. Badger game
List of White-Collar Crime MCQ...
Available in:
White-Collar Crime MCQs
