Baylor White Collar Crime
Exam 1 questions with 100%
correct answers (already
passed)
What is white collar crime? - answer National white collar crime center: illegal or unethical acts that
violate fiduciary responsibility or public trust for personal or organizational gain
FBI: illegal acts which are characterized by deceit, concealment, or violation of trust and which are not
depending upon the application or treat of force or violence. Individuals and organizations commit
these acts to obtain money, property, or services to avoid payment or loss of money or to secure
personal or business advantage
Victims of white collar crimes (Essay question) - answer although white collar crime is not as violent a
danger as being robbed, these crimes have far-reaching effects. For victims, white collar crimes:
undermine investor confidence, affect the economic health of corporations and of their employees,
depress stock and bond values, affect bank loan delinquencies and contribute to the financial
devastation of the individual investor through declines in retirement and investment portfolios.
What crimes are traditionally considered white collar crimes? (Essay question) - answer Securities and
commodities fraud (stock and investments), Health care fraud (insurance, drugs, procedures), mortgage
fraud (usually on loan applications), insurance fraud (outcome), mass marketing fraud (telemarketing,
mass mailings, internet)
Explain how the concept of white collar crime developed (Essay question) - answer White collar crimes
are a product of an advanced economy. The term was originally intended as a classification of offenders,
Copyright © 2021 Pearson Education, Inc.
Exam 1 questions with 100%
correct answers (already
passed)
What is white collar crime? - answer National white collar crime center: illegal or unethical acts that
violate fiduciary responsibility or public trust for personal or organizational gain
FBI: illegal acts which are characterized by deceit, concealment, or violation of trust and which are not
depending upon the application or treat of force or violence. Individuals and organizations commit
these acts to obtain money, property, or services to avoid payment or loss of money or to secure
personal or business advantage
Victims of white collar crimes (Essay question) - answer although white collar crime is not as violent a
danger as being robbed, these crimes have far-reaching effects. For victims, white collar crimes:
undermine investor confidence, affect the economic health of corporations and of their employees,
depress stock and bond values, affect bank loan delinquencies and contribute to the financial
devastation of the individual investor through declines in retirement and investment portfolios.
What crimes are traditionally considered white collar crimes? (Essay question) - answer Securities and
commodities fraud (stock and investments), Health care fraud (insurance, drugs, procedures), mortgage
fraud (usually on loan applications), insurance fraud (outcome), mass marketing fraud (telemarketing,
mass mailings, internet)
Explain how the concept of white collar crime developed (Essay question) - answer White collar crimes
are a product of an advanced economy. The term was originally intended as a classification of offenders,
Copyright © 2021 Pearson Education, Inc.
