Question 1

Which of the following factors does not hinder the involvement of local police departments in white collar crime cases?

Accepted Answer

A)  The orientation of police training towards more conventional crime 
B)  The higher chances of failing to clear such cases, which expose officers to the risk of being perceived as incompetent 
C)  The fact that officers are not aware that white collar crime is a problem 
D)  The fact that officers often think it is more exciting to investigate conventional crime

Question 2

In the field of medicine, states typically delegate licensing and disciplining
powers to a state board of examiners, which is heavily influenced by medical
societies.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following regulatory agency styles displays the greatest proactive initiative and technical competence?

Accepted Answer

A)  Service 
B)  Watchman 
C)  Legalistic 
D)  Free agent

Question 4

When accountants, lawyers, and other parties fail to prevent corporate crime its referred 	to as:

Accepted Answer

A)  corporate perpetration 
B)  professional failure 
C)  gatekeeper failure 
D)  private policing

Question 5

_____ also have the responsibility of disposing of seized assets in white collar crime cases.

Accepted Answer

A)  U.S. Marshals 
B)  U.S. Postal Inspection Service 
C)  U.S. Secret Service 
D)  U.S. Customs Service

Question 6

Which of the following is true of the American Bar Association standards on legal ethics?

Accepted Answer

A)  They have consistently required lawyers to blow the whistle on clients they discover to be engaged in fraud 
B)  They prohibit lawyer cooperation with law authorities in any circumstance whatsoever involving the lawyer's client 
C)  They appear to simultaneously prohibit attorney participation in client misconduct while discouraging attorney investigation of client activities 
D)  They clearly state that protection of the public welfare always takes precedence over lawyer/client confidentiality

Question 7

The policing force which is most involved with investigating white collar crime operates at which of the following levels?

Accepted Answer

A)  Rural 
B)  Urban 
C)  State 
D)  Federal

Question 8

Describe the origins of federal regulatory agencies, and their principal functions.Contrast the rationales behind agency philosophies of compliance or deterrence.Identify some of the principal criticisms of regulatory agencies.Discuss the significance of the concept of "agency capture."

Accepted Answer

The answer of Describe the origins of federal regulatory agencies,...

Question 9

Forensic accounting is a recent development in investigating financial fraud that
only emerged with the use of computers towards the end of the 20ᵗʰ century.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is not a way in which regulatory rules differ from criminal laws?

Accepted Answer

A)  They have sanctions associated with their violation 
B)  They are more ambiguous 
C)  They are more focused on the risk (rather than the occurrence) of harm 
D)  They are geared toward strict liability

Question 11

Federal policing agencies make the least substantial response to white collar
crime of all policing agencies.

Accepted Answer

A) True 
 B)False

Question 12

A leftist or progressive critique has argued that the principal objective of
regulatory agencies in a capitalist society is to maintain broad popular
legitimation of the system while at the same time promoting capitalist
accumulation of profits.

Accepted Answer

A) True 
 B)False

Question 13

Since the 1980s, government prosecutors have:

Accepted Answer

A)  concluded there are no circumstances under which attorneys can be held liable for frauds involving clients 
B)  typically prosecuted more attorneys than businessmen in frauds such as the S & L failures 
C)  argued for the abandonment of legal codes of ethics, which are simply manipulated by the legal profession 
D)  more aggressively pursued the position that lawyers who advised clients engaged in on-going massive frauds are themselves responsible

Question 14

Distinguish between economic regulation and social regulation.What were the original objectives of regulation, and which historical factors have shaped the development of regulation? What are the principal arguments on both sides of the historical debate about regulation?

Accepted Answer

The answer of Distinguish between economic regulation and social regulation.What...

Question 15

The majority of tax cases investigated by the IRS are disposed of as civil matters.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following was the first federal regulatory agency specifically directed toward overseeing potentially harmful corporate activity?

Accepted Answer

A)  Environmental Protection Agency 
B)  Interstate Commerce Commission 
C)  Security and Exchange Commission 
D)  Occupational Safety and Hazards Agency

Exam 10: Policing and Regulating White Collar Crime

Which of the following factors does not hinder the involvement of local police departments in white collar crime cases?

In the field of medicine, states typically delegate licensing and disciplining powers to a state board of examiners, which is heavily influenced by medical societies.

Which of the following regulatory agency styles displays the greatest proactive initiative and technical competence?

When accountants, lawyers, and other parties fail to prevent corporate crime its referred to as:

_____ also have the responsibility of disposing of seized assets in white collar crime cases.

Which of the following is true of the American Bar Association standards on legal ethics?

The policing force which is most involved with investigating white collar crime operates at which of the following levels?

Describe the origins of federal regulatory agencies, and their principal functions.Contrast the rationales behind agency philosophies of compliance or deterrence.Identify some of the principal criticisms of regulatory agencies.Discuss the significance of the concept of "agency capture."

Forensic accounting is a recent development in investigating financial fraud that only emerged with the use of computers towards the end of the 20ᵗʰ century.

Which of the following is not a way in which regulatory rules differ from criminal laws?

Federal policing agencies make the least substantial response to white collar crime of all policing agencies.

A leftist or progressive critique has argued that the principal objective of regulatory agencies in a capitalist society is to maintain broad popular legitimation of the system while at the same time promoting capitalist accumulation of profits.

Since the 1980s, government prosecutors have:

Distinguish between economic regulation and social regulation.What were the original objectives of regulation, and which historical factors have shaped the development of regulation? What are the principal arguments on both sides of the historical debate about regulation?

The majority of tax cases investigated by the IRS are disposed of as civil matters.

Which of the following was the first federal regulatory agency specifically directed toward overseeing potentially harmful corporate activity?