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1 | |
Which of the following is not considered a white-collar crime? |
| | A) | false advertising |
| | B) | a monopoly |
| | C) | wiretapping |
| | D) | crimes against the Food and Drug Act |
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2 | |
Because it involves the element of willfulness, tax evasion is considered |
| | A) | a general intent crime |
| | B) | a specific intent crime |
| | C) | securities fraud |
| | D) | mail fraud |
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3 | |
In order to prove a tax deficiency, the government must show |
| | A) | the defendant received income during the year in question |
| | B) | the defendant received taxable income in addition to what was reported |
| | C) | the defendant received income in addition to what was reported, regardless of whether it was taxable |
| | D) | the defendant had intent to defraud the government |
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4 | |
For the purposes of tax evasion, an affirmative act is |
| | A) | keeping a double set of books |
| | B) | filing false tax returns |
| | C) | placing assets in the name of a third party |
| | D) | all of the above |
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5 | |
The primary federal law dealing with false advertising is the |
| | A) | Trademark Law Revision Act of 1988 (Lanham Act) |
| | B) | Sherman Act |
| | C) | Securities Act of 1933 |
| | D) | Federal Food, Drug, and Cosmetic Act |
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6 | |
A company that runs a newspaper advertisement showing a picture of a shelf for sale, but instead sells a shelf of inferior quality could be sued for |
| | A) | false advertising |
| | B) | mail fraud |
| | C) | securities fraud |
| | D) | false pretenses |
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7 | |
Which of the following is not an element of mail fraud? |
| | A) | intent to defraud |
| | B) | using the U.S. Postal Service or other private interstate commercial carrier |
| | C) | requests for money |
| | D) | a scheme to defraud |
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8 | |
An action that would be covered under mail fraud is |
| | A) | mailing a fraudulent tax return |
| | B) | sending a false loan application |
| | C) | sending a fraudulent investment scheme in the mail |
| | D) | all of the above |
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9 | |
Which of the following is not a form of substantive fraud, for purposes of securities fraud? |
| | A) | insider trading |
| | B) | parking |
| | C) | sugging |
| | D) | churning |
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10 | |
The law that makes it illegal to introduce an adulterated food or drug into interstate commerce is the |
| | A) | Trademark Law Revision Act of 1988 (Lanham Act) |
| | B) | Sherman Act |
| | C) | Clayton Act |
| | D) | Federal Food, Drug, and Cosmetic Act |
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11 | |
Under the FDCA, the definition of food includes |
| | A) | chewing gum |
| | B) | aspirin |
| | C) | lipstick |
| | D) | all of the above |
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12 | |
A package that was labeled "cholesterol free" when in fact the contents contained cholesterol would be considered |
| | A) | parked |
| | B) | churned |
| | C) | misbranded |
| | D) | adulterated |
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13 | |
A primary antitrust law is the |
| | A) | Lanham Act |
| | B) | Clayton Act |
| | C) | Securities Act of 1933 |
| | D) | all of the above |
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14 | |
Which of the following is not necessary to achieve a civil judgment under the Sherman Act? |
| | A) | two or more entities formed a combination or conspiracy |
| | B) | the combination or conspiracy produces, or potentially produces, an unreasonable restraint of trade or commerce |
| | C) | the restraint is on interstate trade or commerce |
| | D) | general intent |
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15 | |
An element required for an attempted monopoly conviction is |
| | A) | specific intent to obtain a monopoly power in a given market |
| | B) | use of unlawful means to increase market share |
| | C) | dangerous probability that a monopoly will be obtained |
| | D) | all of the above |
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2002 McGraw-Hill Higher Education