Question 1

What is the name of the legal statute that made it illegal for criminal activity to interfere in interstate commerce or use the highways to conduct racketeering?

Accepted Answer

A)  the Hobbs Act
B)  the Sarbanes-Oxley Act
C)  the RICO Act
D)  the Kefauver Act A

Question 2

What is the name for a form of fraud that uses money collected from new investors,rather than profits from the supposed underlying business venture,to pay high rates of return promised to earlier investors?

Accepted Answer

A)  broker embezzlement
B)  investor embezzlement
C)  commodities scheme
D)  Ponzi scheme D

Question 3

Middle Eastern criminal groups are most active in California,Louisiana,and Texas.

Accepted Answer

A) True 
 B)False  False

Question 4

What differentiates white-collar crime from other forms of crime,and why is it so difficult to prosecute?

Accepted Answer

The answer of What differentiates white-collar crime from other forms...

Question 5

A criminal enterprise is a group of _____ or more people,with one of them occupying a supervisory or management position.

Accepted Answer

The answer of A criminal enterprise is a group of...

Question 6

Initial efforts to control organized crime were directed at individuals.

Accepted Answer

A) True 
 B)False

Question 7

Between 2002 and 2007 more than 50 chief financial officers were convicted of fraud.

Accepted Answer

A) True 
 B)False

Question 8

The Nigerian letter fraud scheme is an example of money laundering.

Accepted Answer

A) True 
 B)False

Question 9

Enron Corporation hid company losses through complex accounting practices.

Accepted Answer

A) True 
 B)False

Question 10

Loan-sharking involves the lending of money at _____rates much higher than legal limits.

Accepted Answer

The answer of Loan-sharking involves the lending of money at...

Question 11

Which of the following individuals was convicted of insider trading in the ImClone scandal?

Accepted Answer

A)  Ivan Boesky
B)  Kenneth Lay
C)  Martha Stewart
D)  Michael Milken

Question 12

How do Hirschi and Gottfredson explain the motivations of white-collar criminals?

Accepted Answer

A)  White-collar criminals are motivated by the ease of white-collar crime.
B)  White-collar criminals are motivated by the same forces that drive other criminals.
C)  The motivations of white-collar criminals have little to do with personal gain.
D)  The motivations of white-collar criminals are to fit in with corporate culture.

Question 13

What was the Teapot Dome Scandal of 1929? How did it end?

Accepted Answer

The answer of What was the Teapot Dome Scandal of...

Question 14

In the 1990s,low interest rates lead to sham _____ operations.

Accepted Answer

The answer of In the 1990s,low interest rates lead to...

Question 15

The Sarbanes-Oxley Act was put into place in _____ to help control the conduct of corporations.

Accepted Answer

The answer of The Sarbanes-Oxley Act was put into place...

Question 16

What happened to organized crime between the years of 1931 and 1951?

Accepted Answer

A)  The government eradicated organized criminal activity.
B)  The organizations' activities became nearly invisible.
C)  The organizations grew exponentially.
D)  The rival organizations were at war.

Question 17

Balkan organized crime families affiliated with Mafia families before establishing their own organizations.

Accepted Answer

A) True 
 B)False

Question 18

Disguising illegal income as legal income is known as money_____.

Accepted Answer

The answer of Disguising illegal income as legal income is...

Question 19

Which strategy for controlling organized crime has been successful in some states?

Accepted Answer

A)  enacting many new criminal statutes
B)  extensively using informants
C)  legalizing gambling and gaming
D)  strictly enforcing existing law

Question 20

What is it called when a company replaces a focus on profits with a focus that integrates financial,environmental,and social considerations in its performance and assessments?

Accepted Answer

A)  triple bottom line
B)  ethical reform
C)  structural reform
D)  social consciousness

Exam 11: White-Collar and Organized Crime

What is the name of the legal statute that made it illegal for criminal activity to interfere in interstate commerce or use the highways to conduct racketeering?

What is the name for a form of fraud that uses money collected from new investors,rather than profits from the supposed underlying business venture,to pay high rates of return promised to earlier investors?

Middle Eastern criminal groups are most active in California,Louisiana,and Texas.

What differentiates white-collar crime from other forms of crime,and why is it so difficult to prosecute?

A criminal enterprise is a group of _____ or more people,with one of them occupying a supervisory or management position.

Initial efforts to control organized crime were directed at individuals.

Between 2002 and 2007 more than 50 chief financial officers were convicted of fraud.

The Nigerian letter fraud scheme is an example of money laundering.

Enron Corporation hid company losses through complex accounting practices.

Loan-sharking involves the lending of money at _____rates much higher than legal limits.

Which of the following individuals was convicted of insider trading in the ImClone scandal?

How do Hirschi and Gottfredson explain the motivations of white-collar criminals?

What was the Teapot Dome Scandal of 1929? How did it end?

In the 1990s,low interest rates lead to sham _____ operations.

The Sarbanes-Oxley Act was put into place in _____ to help control the conduct of corporations.

What happened to organized crime between the years of 1931 and 1951?

Balkan organized crime families affiliated with Mafia families before establishing their own organizations.

Disguising illegal income as legal income is known as money_____.

Which strategy for controlling organized crime has been successful in some states?

What is it called when a company replaces a focus on profits with a focus that integrates financial,environmental,and social considerations in its performance and assessments?