Test Bank For Profit Without Honor: White Collar Crime and the Looting of America 7th Edition
Chapter 1 Introduction
Chapter 1 Introduction
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) Who took advantage of a market that operated outside of formal rules and regulations by selling 1)
counterfeit bottles of wines alongside genuine bottles of rare and vintage wines?
A) Edwin Sutherland B) Charles Ponzi
C) George Ryan D) Rudy Kurniawan
2) When was the term "white-collar crime" was first used? 2)
A) 1989 B) 1909 C) 1959 D) 1939
3) Who coined the term "white-collar crime," which is a social science construct that has transcended 3)
its academic roots and entered the public lexicon?
A) Edwin Sutherland B) Upton Sinclair
C) John D. Rockefeller D) Charles Ponzi
4) The term "white-collar" is based on: 4)
A) its association with factories and tradesmen.
B) occupations of the perpetrator.
C) the types of victims.
D) offenders' association with religion.
5) Which of the following describes a theory that forces social scientists to reconsider accepted 5)
theories?
A) Debunking B) Revised C) Vacuum D) Historical
6) Who wrote a book which expressed his dismay about corrupt business practices? 6)
A) E.A. Ross B) Louis Brandeis
C) Upton Sinclair D) John D. Rockefeller
7) Based on the 1907 book Sin and Society, which of the following refers to a pillar of society/paragon 7)
of virtue who in reality was interested only in personal gain using any means?
A) Robber baron B) Atavist C) Criminaloid D) Elite deviant
8) A Ponzi scheme attempts to cheat people by: 8)
A) selling worthless real estate to investors.
B) selling stocks in nonexistent companies to investors.
C) paying original investors with money from new investors.
D) creating an investment scheme that targets the elderly.
9) Which is another term for a Ponzi scheme? 9)
A) Pyramid B) Reverse investment
C) Triangle D) Upside-down
10) According the U.S. Postal Service of scams using spam mailings on the Internet are really 10)
Ponzi schemes.
A) 80% B) 40% C) 50% D) 60%
1
,Test Bank For Profit Without Honor: White Collar Crime and the Looting of America 7th Edition
Chapter 1 Introduction
11) Which year brought the close of 500 different banks in the United States? 11)
A) 1923 B) 1933 C) 1943 D) 1913
2
,Test Bank For Profit Without Honor: White Collar Crime and the Looting of America 7th Edition
Chapter 1 Introduction
12) In what decade did the Justice Department undertake some vigorous prosecutions of white-collar 12)
offenders?
A) 1980s B) 1950s C) 1970s D) 1960s
13) The 1980s saw a dramatic increase in the incidence of white-collar crime. One of the reasons for the 13)
increase may have been:
A) increase in the quality of public schools. B) focus on non-material goals.
C) support for collective welfare ideals. D) government deregulation.
14) Barry Minkow regarded money generated from stock sales as: 14)
A) money he could use to pay some creditors without other creditors finding out.
B) a source of working capital to be used to buy new equipment.
C) money he could use to invest in other companies.
D) a great source of revenue that did not have to be paid back.
15) The 1990s could be dubbed as: 15)
A) the "betrayal decade." B) the "greed decade."
C) the "great decade." D) the "scam decade."
16) White-collar crime of the 1990s included all of the following except: 16)
A) a biologist faking research findings.
B) the U.S. Treasurer being found guilty of tax evasion.
C) the U.S. President being found guilty of perjury.
D) the killing of a champion stallion for insurance money.
17) The Keystone and Oakwood bank frauds are particularly appalling because of: 17)
A) the ease with which outsiders were able to infiltrate the banks.
B) the identity of the victims.
C) the amount of money taken.
D) the effect on the national economy.
18) Who conspired to conceal $105 million in missing funds after September 11, 2001? 18)
A) Bank of America B) Tishman Construction Corporation
C) First Equity D) Keystone
19) What is the main reason that government agencies have a difficult time gathering data specific to 19)
white-collar crime?
A) The complex nature of crime B) Identifying the criminals
C) Not enough resources D) Crime definition
20) In his pioneering 1949 study, Sutherland used data relating to many industries from many different 20)
sources. This is referred to as data.
A) longitudinal B) complex C) qualitative D) cross-sectional
21) Industry-specific studies showed that although white-collar crime can occur in a variety of 21)
settings, it is concentrated in certain specific industries, such as:
A) sports entertainment, the record industry, and gambling entertainment.
B) securities, defense contractors, and savings and loans.
C) entertainment, banking, ranching, and farming.
D) banking, the computer industry, and pharmaceuticals.
3
, Test Bank For Profit Without Honor: White Collar Crime and the Looting of America 7th Edition
Chapter 1 Introduction
22) What two types of fraud did individuals identify as most prevalent in victimization surveys? 22)
A) Overcharging for medical services and overcharging for drugs
B) Prize scams and auto repairs
C) Government untruths about use of tax money and Medicaid
D) False advertising and selling outdated foods
23) The financial cost of street crime is what fraction of the cost of white-collar crime? 23)
A) 1/3 B) 1/4 C) Over half D) Less than 1/10
24) What message does it send to the public when influential business executives, powerful politicians, 24)
and respected members of the professions are seen flaunting the system with little or no
punishment?
A) Crime pays.
B) There are few victims.
C) People are not treated equally.
D) White-collar criminals are usually always caught and prosecuted.
25) The public does not regard white-collar crime as a severe problem. Reasons for this include all of 25)
the following except:
A) consequences difficult to visualize. B) the complicated nature of the facts.
C) the low cost of white-collar crime. D) faceless victims and faceless villains.
26) Which is an especially alarming characteristic of white-collar crime that, ironically, is also an 26)
explanation of low public interest in white-collar crime?
A) Excessive government regulation
B) Cover-up by media
C) The small number of people actually victimized by white-collar crime
D) Delay in harm
27) Which major Wall Street investment firm "rigged" the U.S. Treasury bond market and received little 27)
backlash from the media and other outlets?
A) Einstein Brothers B) Madoff and Associates
C) Enron D) Salomon Brothers
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
28) The Rudy Kurniawan wine fraud case is one colorful example of the pervasiveness of white-collar 28)
crime.
29) Edwin Sutherland coined the term "white-collar crime." 29)
30) The term "white-collar crime" is not a social science construct that has transcended its academic 30)
roots and entered the public lexicon.
31) A theory that forces social scientists to reconsider accepted theories is a debunking theory. 31)
32) Atavists enjoys a public image as pillars of the community and paragons of virtue. 32)
4
Chapter 1 Introduction
Chapter 1 Introduction
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) Who took advantage of a market that operated outside of formal rules and regulations by selling 1)
counterfeit bottles of wines alongside genuine bottles of rare and vintage wines?
A) Edwin Sutherland B) Charles Ponzi
C) George Ryan D) Rudy Kurniawan
2) When was the term "white-collar crime" was first used? 2)
A) 1989 B) 1909 C) 1959 D) 1939
3) Who coined the term "white-collar crime," which is a social science construct that has transcended 3)
its academic roots and entered the public lexicon?
A) Edwin Sutherland B) Upton Sinclair
C) John D. Rockefeller D) Charles Ponzi
4) The term "white-collar" is based on: 4)
A) its association with factories and tradesmen.
B) occupations of the perpetrator.
C) the types of victims.
D) offenders' association with religion.
5) Which of the following describes a theory that forces social scientists to reconsider accepted 5)
theories?
A) Debunking B) Revised C) Vacuum D) Historical
6) Who wrote a book which expressed his dismay about corrupt business practices? 6)
A) E.A. Ross B) Louis Brandeis
C) Upton Sinclair D) John D. Rockefeller
7) Based on the 1907 book Sin and Society, which of the following refers to a pillar of society/paragon 7)
of virtue who in reality was interested only in personal gain using any means?
A) Robber baron B) Atavist C) Criminaloid D) Elite deviant
8) A Ponzi scheme attempts to cheat people by: 8)
A) selling worthless real estate to investors.
B) selling stocks in nonexistent companies to investors.
C) paying original investors with money from new investors.
D) creating an investment scheme that targets the elderly.
9) Which is another term for a Ponzi scheme? 9)
A) Pyramid B) Reverse investment
C) Triangle D) Upside-down
10) According the U.S. Postal Service of scams using spam mailings on the Internet are really 10)
Ponzi schemes.
A) 80% B) 40% C) 50% D) 60%
1
,Test Bank For Profit Without Honor: White Collar Crime and the Looting of America 7th Edition
Chapter 1 Introduction
11) Which year brought the close of 500 different banks in the United States? 11)
A) 1923 B) 1933 C) 1943 D) 1913
2
,Test Bank For Profit Without Honor: White Collar Crime and the Looting of America 7th Edition
Chapter 1 Introduction
12) In what decade did the Justice Department undertake some vigorous prosecutions of white-collar 12)
offenders?
A) 1980s B) 1950s C) 1970s D) 1960s
13) The 1980s saw a dramatic increase in the incidence of white-collar crime. One of the reasons for the 13)
increase may have been:
A) increase in the quality of public schools. B) focus on non-material goals.
C) support for collective welfare ideals. D) government deregulation.
14) Barry Minkow regarded money generated from stock sales as: 14)
A) money he could use to pay some creditors without other creditors finding out.
B) a source of working capital to be used to buy new equipment.
C) money he could use to invest in other companies.
D) a great source of revenue that did not have to be paid back.
15) The 1990s could be dubbed as: 15)
A) the "betrayal decade." B) the "greed decade."
C) the "great decade." D) the "scam decade."
16) White-collar crime of the 1990s included all of the following except: 16)
A) a biologist faking research findings.
B) the U.S. Treasurer being found guilty of tax evasion.
C) the U.S. President being found guilty of perjury.
D) the killing of a champion stallion for insurance money.
17) The Keystone and Oakwood bank frauds are particularly appalling because of: 17)
A) the ease with which outsiders were able to infiltrate the banks.
B) the identity of the victims.
C) the amount of money taken.
D) the effect on the national economy.
18) Who conspired to conceal $105 million in missing funds after September 11, 2001? 18)
A) Bank of America B) Tishman Construction Corporation
C) First Equity D) Keystone
19) What is the main reason that government agencies have a difficult time gathering data specific to 19)
white-collar crime?
A) The complex nature of crime B) Identifying the criminals
C) Not enough resources D) Crime definition
20) In his pioneering 1949 study, Sutherland used data relating to many industries from many different 20)
sources. This is referred to as data.
A) longitudinal B) complex C) qualitative D) cross-sectional
21) Industry-specific studies showed that although white-collar crime can occur in a variety of 21)
settings, it is concentrated in certain specific industries, such as:
A) sports entertainment, the record industry, and gambling entertainment.
B) securities, defense contractors, and savings and loans.
C) entertainment, banking, ranching, and farming.
D) banking, the computer industry, and pharmaceuticals.
3
, Test Bank For Profit Without Honor: White Collar Crime and the Looting of America 7th Edition
Chapter 1 Introduction
22) What two types of fraud did individuals identify as most prevalent in victimization surveys? 22)
A) Overcharging for medical services and overcharging for drugs
B) Prize scams and auto repairs
C) Government untruths about use of tax money and Medicaid
D) False advertising and selling outdated foods
23) The financial cost of street crime is what fraction of the cost of white-collar crime? 23)
A) 1/3 B) 1/4 C) Over half D) Less than 1/10
24) What message does it send to the public when influential business executives, powerful politicians, 24)
and respected members of the professions are seen flaunting the system with little or no
punishment?
A) Crime pays.
B) There are few victims.
C) People are not treated equally.
D) White-collar criminals are usually always caught and prosecuted.
25) The public does not regard white-collar crime as a severe problem. Reasons for this include all of 25)
the following except:
A) consequences difficult to visualize. B) the complicated nature of the facts.
C) the low cost of white-collar crime. D) faceless victims and faceless villains.
26) Which is an especially alarming characteristic of white-collar crime that, ironically, is also an 26)
explanation of low public interest in white-collar crime?
A) Excessive government regulation
B) Cover-up by media
C) The small number of people actually victimized by white-collar crime
D) Delay in harm
27) Which major Wall Street investment firm "rigged" the U.S. Treasury bond market and received little 27)
backlash from the media and other outlets?
A) Einstein Brothers B) Madoff and Associates
C) Enron D) Salomon Brothers
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
28) The Rudy Kurniawan wine fraud case is one colorful example of the pervasiveness of white-collar 28)
crime.
29) Edwin Sutherland coined the term "white-collar crime." 29)
30) The term "white-collar crime" is not a social science construct that has transcended its academic 30)
roots and entered the public lexicon.
31) A theory that forces social scientists to reconsider accepted theories is a debunking theory. 31)
32) Atavists enjoys a public image as pillars of the community and paragons of virtue. 32)
4
