Question 1

New regulatory accounting practices established in the 1980s discouraged S & Ls
from taking risks.

Accepted Answer

A) True 
 B)False

Question 2

The complex and highly developed international regulatory system relating to
banking was the one constraint on the development of BCCI.

Accepted Answer

A) True 
 B)False

Question 3

By the U.S.Justice Departments own guidelines, the appropriate jail time for those convicted in S & L cases was:

Accepted Answer

A)  a minimum of 25 years in a federal penitentiary 
B)  5 years per offense or $100,000 "stolen" 
C)  more than that imposed for conventional bank robbery 
D)  less than that imposed for conventional bank robbery 
A)  a minimum of 25 years in a federal penitentiary 
B)  5 years per offense or $100,000 "stolen" 
C)  more than that imposed for conventional bank robbery 
D)  less than that imposed for conventional bank robbery

Question 4

Defendants in the insider trading cases pursued by the SEC and the U.S.
Department of Justice in the 1980s were often allowed to settle if they would
admit guilt.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not among the alleged negative consequences of corporate takeovers?

Accepted Answer

A)  Ordinary shareholders in taken over corporations always lose on the value of their shares 
B)  Raiders, insiders, and investment bankers make the biggest gains 
C)  Ordinary taxpayers must make up for tax revenue lost from interest payment deductions 
D)  Consumers end up paying significantly higher prices 
A)  Ordinary shareholders in taken over corporations always lose on the value of their shares 
B)  Raiders, insiders, and investment bankers make the biggest gains 
C)  Ordinary taxpayers must make up for tax revenue lost from interest payment deductions 
D)  Consumers end up paying significantly higher prices

Question 6

The fatal explosion of the space shuttle Challenger in 1986 is attributed in the text to:

Accepted Answer

A)  the vindictive actions of the disgruntled employees from a private company, 
B)  normal accident theory 
C)  the decisions of a state agency which wholly disregarded warnings from a private contractor 
D)  the mutual interests of a state agency and a private contractor in seeing a launch through despite adverse weather conditions 
A)  the vindictive actions of the disgruntled employees from a private company, 
B)  normal accident theory 
C)  the decisions of a state agency which wholly disregarded warnings from a private contractor 
D)  the mutual interests of a state agency and a private contractor in seeing a launch through despite adverse weather conditions

Question 7

While insider trading is quite common, the professional standards of stock traders
ensure that the systematic defrauding of customers is relatively rare.

Accepted Answer

A) True 
 B)False

Question 8

Which dimensions of insider trading are "time honored" and which are more recent? What is the nature of the basic controversy over insider trading and corporate takeovers? Which factors have limited the response to insider trading, and which specific factors led to a wave of prosecutions in recent decades?

Accepted Answer

The dimensions of insider trading that a

Question 9

The bailout program for the failed S & Ls, initiated in the early 1990s, resulted in which of the following?

Accepted Answer

A)  The recovery of most of the lost money 
B)  The inability of the government to unload any of the failed S & L's assets 
C)  New opportunities for suspect profiting by developers, speculators and investors 
D)  The restoration of the failed thrifts to a uniformly profitable status 
A)  The recovery of most of the lost money 
B)  The inability of the government to unload any of the failed S & L's assets 
C)  New opportunities for suspect profiting by developers, speculators and investors 
D)  The restoration of the failed thrifts to a uniformly profitable status

Question 10

The term "churning" refers to:

Accepted Answer

A)  the practice of only recommending long-term investments 
B)  the practice of trading in client accounts without authorization to increase brokers' commissions 
C)  the practice of misappropriation and theft of clients' funds 
D)  the practice of trading stocks only once a year 
A)  the practice of only recommending long-term investments 
B)  the practice of trading in client accounts without authorization to increase brokers' commissions 
C)  the practice of misappropriation and theft of clients' funds 
D)  the practice of trading stocks only once a year

Question 11

Which of the following has been charged with complicity in genocidal policies, exacerbating ethnic conflict, increasing economic inequality, and displacing indigenous people in developing countries?

Accepted Answer

A)  World Bank 
B)  International Monetary Fund 
C)  World Trade Organization 
D)  United Nations 
A)  World Bank 
B)  International Monetary Fund 
C)  World Trade Organization 
D)  United Nations

Question 12

The insider trading cases of the 1980s led to monumental fines but no prison
sentences.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following could the principal insider traders of the 1980s not be said to have in common?

Accepted Answer

A)  They were all greedy 
B)  They all worked in concert with others 
C)  They all came from privileged and wealthy backgrounds 
D)  They all ended up pleading guilty to charges 
A)  They were all greedy 
B)  They all worked in concert with others 
C)  They all came from privileged and wealthy backgrounds 
D)  They all ended up pleading guilty to charges

Question 14

Which of the following was true with regard to the criminal prosecution of S & L cases?

Accepted Answer

A)  The government had the expertise to developed and successfully prosecute the cases within months 
B)  A great deal of federal money was allocated, from the outset, for these prosecutions 
C)  Most of those convicted in S & L cases were minor players 
D)  The lines of demarcation between outright fraud and bad business judgment were fairly easy to establish 
A)  The government had the expertise to developed and successfully prosecute the cases within months 
B)  A great deal of federal money was allocated, from the outset, for these prosecutions 
C)  Most of those convicted in S & L cases were minor players 
D)  The lines of demarcation between outright fraud and bad business judgment were fairly easy to establish

Question 15

The term "finance crime" is used in this text to refer to a(n):

Accepted Answer

A)  crime associated with personal finance 
B)  large-scale illegality which occurs in the world of finance 
C)  illegality involving financing of loans 
D)  crime involving organized crime loansharks 
A)  crime associated with personal finance 
B)  large-scale illegality which occurs in the world of finance 
C)  illegality involving financing of loans 
D)  crime involving organized crime loansharks

Question 16

Which of the following is not an argument for or against sweatshops discussed in the text?

Accepted Answer

A)  People who profit from sweatshops are complicit in a form of crime similar to slavery 
B)  Sweatshops do more good than harm because they give children a paying job who otherwise would commit crimes and do drugs 
C)  Americans are often indifferent to the fate of children working in foreign sweatshops 
D)  Sweatshops do more good than harm because they provide desperately poor people with a better income. 
A)  People who profit from sweatshops are complicit in a form of crime similar to slavery 
B)  Sweatshops do more good than harm because they give children a paying job who otherwise would commit crimes and do drugs 
C)  Americans are often indifferent to the fate of children working in foreign sweatshops 
D)  Sweatshops do more good than harm because they provide desperately poor people with a better income.

Question 17

The loss of confidence in the integrity of the market is a cost of insider trading.

Accepted Answer

A) True 
 B)False

Question 18

State-corporate crime occurs only at the international level.

Accepted Answer

A) True 
 B)False

Question 19

The economic crisis of 2008 was caused by which of the following?

Accepted Answer

A)  The sub-prime mortgage market collapse 
B)  Major investment banks destroyed by massive losses 
C)  Widespread deregulation throughout the market 
D)  All of the above 
A)  The sub-prime mortgage market collapse 
B)  Major investment banks destroyed by massive losses 
C)  Widespread deregulation throughout the market 
D)  All of the above

Question 20

The major rationale for prohibiting insider trading is that it creates a
fundamentally unfair market.

Accepted Answer

A) True 
 B)False

New regulatory accounting practices established in the 1980s discouraged S & Ls from taking risks.

The complex and highly developed international regulatory system relating to banking was the one constraint on the development of BCCI.

By the U.S.Justice Departments own guidelines, the appropriate jail time for those convicted in S & L cases was:

Defendants in the insider trading cases pursued by the SEC and the U.S. Department of Justice in the 1980s were often allowed to settle if they would admit guilt.

Which of the following is not among the alleged negative consequences of corporate takeovers?

The fatal explosion of the space shuttle Challenger in 1986 is attributed in the text to:

While insider trading is quite common, the professional standards of stock traders ensure that the systematic defrauding of customers is relatively rare.

The bailout program for the failed S & Ls, initiated in the early 1990s, resulted in which of the following?

The term "churning" refers to:

Which of the following has been charged with complicity in genocidal policies, exacerbating ethnic conflict, increasing economic inequality, and displacing indigenous people in developing countries?

The insider trading cases of the 1980s led to monumental fines but no prison sentences.

Which of the following could the principal insider traders of the 1980s not be said to have in common?

Which of the following was true with regard to the criminal prosecution of S & L cases?

The term "finance crime" is used in this text to refer to a(n):

Which of the following is not an argument for or against sweatshops discussed in the text?

The loss of confidence in the integrity of the market is a cost of insider trading.

State-corporate crime occurs only at the international level.

The economic crisis of 2008 was caused by which of the following?

The major rationale for prohibiting insider trading is that it creates a fundamentally unfair market.

The Discovery of White Collar Crime

Studying White Collar Crime and Assessing Its Cost

Corporate Crime

Occupational Crime and Avocational Crime

Governmental Crime: State Crime and Political White Collar Crime

Enterprise Crime, Contrepreneurial Crime, and Technocrime

Explaining White Collar Crime: Theories and Accounts

Law and the Social Control of White Collar Crime

Policing and Regulating White Collar Crime

Prosecuting, Defending, and Adjudicating White Collar Crime

Responding to the Challenge of White Collar Crime

Filters

Exam 6: State-Corporate Crime, Crimes of Globalization, and Finance Crime

New regulatory accounting practices established in the 1980s discouraged S & Ls from taking risks.

The complex and highly developed international regulatory system relating to banking was the one constraint on the development of BCCI.

By the U.S.Justice Departments own guidelines, the appropriate jail time for those convicted in S & L cases was:

Defendants in the insider trading cases pursued by the SEC and the U.S. Department of Justice in the 1980s were often allowed to settle if they would admit guilt.

Which of the following is not among the alleged negative consequences of corporate takeovers?

The fatal explosion of the space shuttle Challenger in 1986 is attributed in the text to:

While insider trading is quite common, the professional standards of stock traders ensure that the systematic defrauding of customers is relatively rare.

The bailout program for the failed S & Ls, initiated in the early 1990s, resulted in which of the following?

The term "churning" refers to:

Which of the following has been charged with complicity in genocidal policies, exacerbating ethnic conflict, increasing economic inequality, and displacing indigenous people in developing countries?

The insider trading cases of the 1980s led to monumental fines but no prison sentences.

Which of the following could the principal insider traders of the 1980s not be said to have in common?

Which of the following was true with regard to the criminal prosecution of S & L cases?

The term "finance crime" is used in this text to refer to a(n):

Which of the following is not an argument for or against sweatshops discussed in the text?

The loss of confidence in the integrity of the market is a cost of insider trading.

State-corporate crime occurs only at the international level.

The economic crisis of 2008 was caused by which of the following?

The major rationale for prohibiting insider trading is that it creates a fundamentally unfair market.

The Discovery of White Collar Crime

Studying White Collar Crime and Assessing Its Cost

Corporate Crime

Occupational Crime and Avocational Crime

Governmental Crime: State Crime and Political White Collar Crime

Enterprise Crime, Contrepreneurial Crime, and Technocrime

Explaining White Collar Crime: Theories and Accounts

Law and the Social Control of White Collar Crime

Policing and Regulating White Collar Crime

Prosecuting, Defending, and Adjudicating White Collar Crime

Responding to the Challenge of White Collar Crime

Filters