WCC Final Exam Study Guide 36 Questions with Verified Answers,100% CORRECT, Exams of Business Economics

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WCC Final Exam Study Guide 36 Questions with Verified

Answers

Edward Sutherland - CORRECT ANSWER Who first introduced the concept of white- collar crime? WCC is a serious problem right now, WCC affects everyone, We can learn more about all types of crime - CORRECT ANSWER • List three of the six reasons to study white- collar crime Conceptual ambiguity - CORRECT ANSWER • What do scholars argue has been a core challenge with Sutherland's definition of white-collar crime?

• CORRECT ANSWER • Criminal-law definition, Empirical definition, Civil-law definition Anonymous tip lines, New hire orientation, Formal codes of conduct, Bulletin boards related to theft prevention, Periodic on theft and its consequences, Loss prevention Organizational culture strategies aim to promote a sense of organizational culture that would inhibit theft Technological strategies use tech to prevent employee theft Internal strategies use polices and practices preformed within the retail setting to help prevent employee theft. - CORRECT ANSWER • Awareness strategies, Organizational culture strategies, Technological strategies, Internal strategies Inventory control, controlled exits, inspection of employees belongings, video surveillance, locks on goods and items, restricted access to the register - CORRECT ANSWER • Examples of prevention strategies for the restaurant business Background checks, drug test, safety committees - CORRECT ANSWER • Strategies to employ with existing employees and new hires to prevent abuse in a senior living facility. Severe patient injury or death - CORRECT ANSWER • Results of medication errors Using the role to gain favors, Kickbacks, stealing from crime scenes, shakes downs (taking bribes), protection of illegal activities - CORRECT ANSWER • Examples of police corruption Failing to respond to charges, Violating disciplinary rules, neglecting a legal matter - CORRECT ANSWER • List three types of attorney misconduct

Federal employees, state employees, public employees, private citizens - CORRECT ANSWER • Public corruption categories demonstrate to students why academic dishonesty is wrong, develop assignments that make it nearly impossible to cheat, promote and foster values of respect and honesty. - CORRECT ANSWER • Strategies professors can employ to reduce academic dishonesty from students offenses students commit on their jobs, academic dishonesty, piracy - CORRECT ANSWER • Popular forms of white-collar crime committed by students Advance fee fraud occurs when investors are promised certain actions for an upfront fee. Insider trading occurs when people share or steal info that is good for future investments. A Ponzi scheme/Pyramid scheme scam investors by paying them for investors they secure. Hedge fund fraud is any act of financial misconduct committed by or for the account of a hedge fund - CORRECT ANSWER • Advanced fee fraud, Insider trading, Ponzi scheme, Hedge fund fraud More offenders have been targeting students, students became more aware of the process involved, a downturn in the economy, reduction of money to public universities making it harder to pay for college. - CORRECT ANSWER • Reasons why student aid fraud has increased in recent years cases where the government has no jurisdiction, it may be impossible for a certain government to assert jurisdiction, multiple countries may claim jurisdiction - CORRECT ANSWER • Jurisdictional challenges related to cybercrime cases the structure doesn't lend itself well to digital crimes - CORRECT ANSWER • Core challenges regarding police and cybercrime Someone trying to steal data from our organization, I would create backups, train employees on how to notice phishing attempts, and use an anti-virus and firewall - CORRECT ANSWER • Describe the typical cybercriminal. What strategies would you employ to protect your organization from such an offender? Outlaws all contracts, combinations, and conspiracies that unreasonably restrain interstate and foreign trade - CORRECT ANSWER • Sherman Antitrust Act

businesses cannot charge individuals two different prices based on protected classes, like gender, race or religion - CORRECT ANSWER • Price discrimination Recruiters can make deceptive statements, like lying about graduation rates, cost, or employment possibilities - CORRECT ANSWER • Describe the ways in which for profit colleges have engaged in deceptive practices The establishment and enforcement of environmental protection standards, researching and controlling pollution, assisting others in combating pollution - CORRECT ANSWER

• Functions/roles of the EPA requires a manifest system to keep track of the waste from the time it is created to its disposal - CORRECT ANSWER • "Cradle to the Grave" provision of the Resource Conservation and Recovery Act Illegal fishing and animal fighting are both WCCs that effect the population of animals and harm the animals in the process - CORRECT ANSWER • Provide two examples of harmful treatment of animals. Discuss how these are environmental white-collar crimes and the harms that result from these crimes. assumes juveniles understand right from wrong and that before they commit delinquent acts, they neutralize or rationalize their behavior as appropriate - CORRECT ANSWER Neutralization Theory some think that cultural influences that seemingly promote wrongdoing by workers and corporations. - CORRECT ANSWER • How does culture influence white-collar offending? CPSC, CFTC, EPA, EEOC,. FBI, FDIC, NLRB, NHTSA, OSHA, OCC, OTS, PCAOB, SEC, USACE, USDA, DOE, HHS, DOIOIG, Justice office. - CORRECT ANSWER • Agencies involved in responding to white-collar crimes WCC investigations only begin when there is already evidence. WCC has a low potential for danger, usually much shorter to complete than traditional. - CORRECT ANSWER • Major differences between investigating white-collar crime and traditional crime corporate power weakens the regulatory system - CORRECT ANSWER • Criticisms of regulatory policing civil fines, ceases and desist. - CORRECT ANSWER • Potential outcomes of an administrative proceeding law that prohibits any person from using income derived from racketeering - CORRECT ANSWER • RICO Act

the good faith defense, which is based on the argument that defendants lack knowledge and intent - CORRECT ANSWER • Common defense strategy for most white-collar defendants WCC trials usually only have one defendant - CORRECT ANSWER • Ways white-collar trials differ from a traditional criminal trial some celebrity offenders are attacked by inmates for attention - CORRECT ANSWER • Causes of danger for white-collar prisoners House arrest or Community Service - CORRECT ANSWER • Alternative sentences to incarceration for white-collar offenders a crime that one commits while incarcerated - CORRECT ANSWER • Jailstripe crime