Exam 13: Conclusions

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One proposal to counter white-collar crime is for "excessive transparency." This would require disclosure of executive dealings with competitor companies.

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False

James W.Coleman argues that the source of white-collar crime is the culture of ________________.

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competition

American Airlines CEO Carty lost his bonus and was forced to resign when ___________ disclosed a proposal to raise salaries and pay enormous bonuses to select executives at a time when the company had lost billions and employees were asked to take pay cuts.

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A

The term ________________ might be substituted for tautological.

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Overstating earnings make all of the following appear more justifiable, except:

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The Republican 1994 Contract with America may have unintended consequences favorable to the commission of white-collar crime. The contract provisions favorable to white-collar crime included all of the following except:

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Comparative leniency extended to white-collar criminals, in contrast to street criminals, can be explained by all of the following except:

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In addition to the environmental damage, the human destruction, and the economic losses, there are less tangible but other very serious ________________ consequences of white-collar crime.

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What is meant by the term "psychopathic wealth"? How does it pertain to white-collar crime?

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Evaluate legal changes that have been made to combat white-collar crime. Do you think laws that have provided tougher penalties for white-collar crimes serve as a general deterrent to potential criminals?

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Certain industries are distinguished by means and opportunities that are conducive to crime. These factors include all of the following except:

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Losses attributed to white-collar crime are passed along to taxpayers and customer.

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One of the five common techniques to annul guilt is denial of injury, where perpetrators claim to be trying to achieve a more important purpose.

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Why does white-collar crime often appear to be a rational course of action?

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All of the following could provide motivation in a criminogenic industry except:

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Match the key terms to the descriptions below. Use each description only once.
Overstated earnings
Causation theories related to street crime are thought to be this
Tautological
Appears to make exorbitant salaries, perks, and bonuses to executives more justifiable
James W. Coleman
Argued that the source of white-collar crime is the culture of competition
Correct Answer:
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Premises:
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Overstated earnings
Causation theories related to street crime are thought to be this
Tautological
Appears to make exorbitant salaries, perks, and bonuses to executives more justifiable
James W. Coleman
Argued that the source of white-collar crime is the culture of competition
Merrill Lynch
A major firm that continued to sell questionable securities to Orange County after warning of risks
The General Accounting Office
Believe that neutralization techniques make it possible for white-collar criminals to annul guilt
Middle class
Stated that people are utility maximizers guided by self interest in free markets
Gresham Sykes and David Matza
Estimated that nearly 10% of the $1 trillion spent by Americans on health care is lost to fraud and abuse
Milton Friedman
The burden of financial irresponsibility falls here
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Of the following the best example of occupational crime would be:

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Diffusion of accountability is a common byproduct of fiscal irresponsibility.

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There are questions as to why white-collar criminals suffer so little of the ________________ experienced by street criminals.

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When some individuals engage in white-collar crime, though they are breaking the law, they often ___________ cultural values.

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