Question 1

Telemarketers target all of the following groups except:

Accepted Answer

A) family members of AIDS victims. 
B) the bereaved. 
C) those worried about dependence on foreign oil. 
D) college students living away from home for the first time. 
A) family members of AIDS victims. 
B) the bereaved. 
C) those worried about dependence on foreign oil. 
D) college students living away from home for the first time. D

Question 2

In 1999, Susan Collins described the predatory practices of sweepstakes companies as "increasingly deceptive and increasingly aggressive." She made these remarks in what setting?

Accepted Answer

A) As chairman of a Senate committee 
B) During a television news magazine segment 
C) In testimony before a Congressional committee 
D) In a nationally syndicated newspaper column 
A) As chairman of a Senate committee 
B) During a television news magazine segment 
C) In testimony before a Congressional committee 
D) In a nationally syndicated newspaper column A

Question 3

Evaluate knockoff rip-offs. What are they? Which industries are most prone to knockoffs? Why do you think the knockoff business is booming?

Accepted Answer

Knockoffs are the covert substitutions of low-quality counterfeit versions of brand-name consumer products. Knockoffs are most often found in the bootlegging of videotapes, video games, computer software, furniture, and the garment industry.

Question 4

American Family is half-owned by which media giant?

Accepted Answer

A) Disney Corporation 
B) Sony Pictures 
C) Turner Broadcasting 
D) Time Warner 
A) Disney Corporation 
B) Sony Pictures 
C) Turner Broadcasting 
D) Time Warner

Question 5

5 - 10% of all minutes logged on the telephone time scams are concentrated in what area?

Accepted Answer

A) Psychic hotlines 
B) Music sales 
C) Work at home offices 
D) Sex lines 
A) Psychic hotlines 
B) Music sales 
C) Work at home offices 
D) Sex lines

Question 6

Match the key terns listed in Column 1 to the description in Column 2. Use each description only
-Telemarketing fraud

Accepted Answer

A) The covert substitution of low-quality counterfeit versions of brand-name consumer products. 
B) Consists of three calls beginning with the front 
C) Characterized by the use of the telephone to get consumers to send money to the promoter for worthless or overvalued products or services 
D) Deceptive advertisements that make false or misleading claims 
E) Used a telemarketing scheme to convince a public-school office manager to send him checks totaling $2 million for nothing
F)Bid-rigging where consumers lose the benefits of competition
G)Defined by the FTC as an alluring but insincere offer to sell a product or service which the advertiser does not intend or want to sell
H)The practice of taking extraordinary advantages of consumers because of the bias of the law, monopoly of the market, or because of contrived or real shortages 
A) The covert substitution of low-quality counterfeit versions of brand-name consumer products. 
B) Consists of three calls beginning with the front 
C) Characterized by the use of the telephone to get consumers to send money to the promoter for worthless or overvalued products or services 
D) Deceptive advertisements that make false or misleading claims 
E) Used a telemarketing scheme to convince a public-school office manager to send him checks totaling $2 million for nothing
F)Bid-rigging where consumers lose the benefits of competition
G)Defined by the FTC as an alluring but insincere offer to sell a product or service which the advertiser does not intend or want to sell
H)The practice of taking extraordinary advantages of consumers because of the bias of the law, monopoly of the market, or because of contrived or real shortages

Question 7

Computer-generated personalized letters are a standard marketing ploy in the sweepstakes industry.

Accepted Answer

A) True 
 B)False

Question 8

Price-fixing is criminalized under the ________________Antitrust Act of 1890.

Accepted Answer

The answer of Price-fixing is criminalized under the ________________Antitrust Act...

Question 9

Microsoft was prosecuted for engaging in monopolistic practices for providing a free internet browser with its operating system.This practice is known as bundling.Why was free bad?

Accepted Answer

A) Consumers were forced into buying a low-quality browser. 
B) Microsoft had a secret agreement with other browser manufacturers. 
C) Consumers got no choice of browser. 
D) After competition was eliminated there was no restraint on pricing. 
A) Consumers were forced into buying a low-quality browser. 
B) Microsoft had a secret agreement with other browser manufacturers. 
C) Consumers got no choice of browser. 
D) After competition was eliminated there was no restraint on pricing.

Question 10

Discuss and give examples of the "Wal-Mart Way."

Accepted Answer

-The Hurricane Katrina disaster, when Wa

Question 11

A boiler room might be characterized by:

Accepted Answer

A) telephones. 
B) well-dressed salesmen. 
C) support personnel. 
D) fancy furniture. 
A) telephones. 
B) well-dressed salesmen. 
C) support personnel. 
D) fancy furniture.

Question 12

Match the key terns listed in Column 1 to the description in Column 2. Use each description only
-Telephone swindle

Accepted Answer

A) The covert substitution of low-quality counterfeit versions of brand-name consumer products. 
B) Consists of three calls beginning with the front 
C) Characterized by the use of the telephone to get consumers to send money to the promoter for worthless or overvalued products or services 
D) Deceptive advertisements that make false or misleading claims 
E) Used a telemarketing scheme to convince a public-school office manager to send him checks totaling $2 million for nothing
F)Bid-rigging where consumers lose the benefits of competition
G)Defined by the FTC as an alluring but insincere offer to sell a product or service which the advertiser does not intend or want to sell
H)The practice of taking extraordinary advantages of consumers because of the bias of the law, monopoly of the market, or because of contrived or real shortages 
A) The covert substitution of low-quality counterfeit versions of brand-name consumer products. 
B) Consists of three calls beginning with the front 
C) Characterized by the use of the telephone to get consumers to send money to the promoter for worthless or overvalued products or services 
D) Deceptive advertisements that make false or misleading claims 
E) Used a telemarketing scheme to convince a public-school office manager to send him checks totaling $2 million for nothing
F)Bid-rigging where consumers lose the benefits of competition
G)Defined by the FTC as an alluring but insincere offer to sell a product or service which the advertiser does not intend or want to sell
H)The practice of taking extraordinary advantages of consumers because of the bias of the law, monopoly of the market, or because of contrived or real shortages

Question 13

American Family employed Ed McMahon and Johnny Carson as sweepstake representatives.

Accepted Answer

A) True 
 B)False

Question 14

Match the key terns listed in Column 1 to the description in Column 2. Use each description only
-False advertising

Accepted Answer

A) The covert substitution of low-quality counterfeit versions of brand-name consumer products. 
B) Consists of three calls beginning with the front 
C) Characterized by the use of the telephone to get consumers to send money to the promoter for worthless or overvalued products or services 
D) Deceptive advertisements that make false or misleading claims 
E) Used a telemarketing scheme to convince a public-school office manager to send him checks totaling $2 million for nothing
F)Bid-rigging where consumers lose the benefits of competition
G)Defined by the FTC as an alluring but insincere offer to sell a product or service which the advertiser does not intend or want to sell
H)The practice of taking extraordinary advantages of consumers because of the bias of the law, monopoly of the market, or because of contrived or real shortages 
A) The covert substitution of low-quality counterfeit versions of brand-name consumer products. 
B) Consists of three calls beginning with the front 
C) Characterized by the use of the telephone to get consumers to send money to the promoter for worthless or overvalued products or services 
D) Deceptive advertisements that make false or misleading claims 
E) Used a telemarketing scheme to convince a public-school office manager to send him checks totaling $2 million for nothing
F)Bid-rigging where consumers lose the benefits of competition
G)Defined by the FTC as an alluring but insincere offer to sell a product or service which the advertiser does not intend or want to sell
H)The practice of taking extraordinary advantages of consumers because of the bias of the law, monopoly of the market, or because of contrived or real shortages

Question 15

Transamerica Financial Services and Mellon Bank and also Resources Financial and Fleet Financial bank worked together to offer home loans to low-income people because:

Accepted Answer

A) there were not enough lenders in predominantly minority areas. 
B) the finance companies wanted to assist first-time home buyers. 
C) it enabled both to offer lower interest rates. 
D) the banks wanted to conceal involvement in this lending practice. 
A) there were not enough lenders in predominantly minority areas. 
B) the finance companies wanted to assist first-time home buyers. 
C) it enabled both to offer lower interest rates. 
D) the banks wanted to conceal involvement in this lending practice.

Question 16

Victims of telemarketing fraud are called "marks."

Accepted Answer

A) True 
 B)False

Question 17

The myth of the free market and caveat emptor work in tandem to make consumers vulnerable to unscrupulous vendors.

Accepted Answer

A) True 
 B)False

Question 18

The classic telephone swindle consists of the front, the drive, and the walk.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following activities could be described as "bait and switch"?

Accepted Answer

A) Substituting a more expensive item with a product of lesser quality 
B) Substituting a generic product for a brand name product 
C) Substitution a product of lesser quality with a more expensive item 
D) Using misleading ads to get consumers to buy substandard products 
A) Substituting a more expensive item with a product of lesser quality 
B) Substituting a generic product for a brand name product 
C) Substitution a product of lesser quality with a more expensive item 
D) Using misleading ads to get consumers to buy substandard products

Question 20

Consumer fraud entails the use of deceit, lies, or misrepresentations to entice customers to buy goods or services.

Accepted Answer

A) True 
 B)False

Telemarketers target all of the following groups except:

In 1999, Susan Collins described the predatory practices of sweepstakes companies as "increasingly deceptive and increasingly aggressive." She made these remarks in what setting?

Evaluate knockoff rip-offs. What are they? Which industries are most prone to knockoffs? Why do you think the knockoff business is booming?

American Family is half-owned by which media giant?

5 - 10% of all minutes logged on the telephone time scams are concentrated in what area?

Match the key terns listed in Column 1 to the description in Column 2. Use each description only -Telemarketing fraud

Computer-generated personalized letters are a standard marketing ploy in the sweepstakes industry.

Price-fixing is criminalized under the ________________Antitrust Act of 1890.

Microsoft was prosecuted for engaging in monopolistic practices for providing a free internet browser with its operating system.This practice is known as bundling.Why was free bad?

Discuss and give examples of the "Wal-Mart Way."

A boiler room might be characterized by:

Match the key terns listed in Column 1 to the description in Column 2. Use each description only -Telephone swindle

American Family employed Ed McMahon and Johnny Carson as sweepstake representatives.

Match the key terns listed in Column 1 to the description in Column 2. Use each description only -False advertising

Transamerica Financial Services and Mellon Bank and also Resources Financial and Fleet Financial bank worked together to offer home loans to low-income people because:

Victims of telemarketing fraud are called "marks."

The myth of the free market and caveat emptor work in tandem to make consumers vulnerable to unscrupulous vendors.

The classic telephone swindle consists of the front, the drive, and the walk.

Which of the following activities could be described as "bait and switch"?

Consumer fraud entails the use of deceit, lies, or misrepresentations to entice customers to buy goods or services.

Introduction

Unsafe Products

Environmental Crime

Institutional Corruption: Mass Media and Religion

Securities Fraud

Corporate Fraud

Fiduciary Fraud

Crimes by the Government

Corruption of Public Officials

Medical Crime

Computer Crime

Conclusions

Filters

Exam 2: Crimes Against Consumers

Telemarketers target all of the following groups except:

In 1999, Susan Collins described the predatory practices of sweepstakes companies as "increasingly deceptive and increasingly aggressive." She made these remarks in what setting?

Evaluate knockoff rip-offs. What are they? Which industries are most prone to knockoffs? Why do you think the knockoff business is booming?

American Family is half-owned by which media giant?

5 - 10% of all minutes logged on the telephone time scams are concentrated in what area?

Match the key terns listed in Column 1 to the description in Column 2. Use each description only -Telemarketing fraud

Computer-generated personalized letters are a standard marketing ploy in the sweepstakes industry.

Price-fixing is criminalized under the ________________Antitrust Act of 1890.

Microsoft was prosecuted for engaging in monopolistic practices for providing a free internet browser with its operating system.This practice is known as bundling.Why was free bad?

Discuss and give examples of the "Wal-Mart Way."

A boiler room might be characterized by:

Match the key terns listed in Column 1 to the description in Column 2. Use each description only -Telephone swindle

American Family employed Ed McMahon and Johnny Carson as sweepstake representatives.

Match the key terns listed in Column 1 to the description in Column 2. Use each description only -False advertising

Transamerica Financial Services and Mellon Bank and also Resources Financial and Fleet Financial bank worked together to offer home loans to low-income people because:

Victims of telemarketing fraud are called "marks."

The myth of the free market and caveat emptor work in tandem to make consumers vulnerable to unscrupulous vendors.

The classic telephone swindle consists of the front, the drive, and the walk.

Which of the following activities could be described as "bait and switch"?

Consumer fraud entails the use of deceit, lies, or misrepresentations to entice customers to buy goods or services.

Introduction

Unsafe Products

Environmental Crime

Institutional Corruption: Mass Media and Religion

Securities Fraud

Corporate Fraud

Fiduciary Fraud

Crimes by the Government

Corruption of Public Officials

Medical Crime

Computer Crime

Conclusions

Filters