Bernard Madoff defrauded clients out of millions of dollars.The probability that Madoff's employees have high ethical behavior is minimal due to
A) a national culture that values ethical behavior.
B) its top management fostering an inappropriate culture.
C) a legal environment that prohibits unethical practices.
D) an economic environment conducive to ethical practices.
E) its low-pressure competitive environment.

Question

Quizplus · Accepted Answer

Madoff's actions suggest that the top management encouraged an inappropriate culture, which implies that ethical behavior was not a priority. Additionally, the fact that Madoff was able to successfully perpetrate such a large-scale fraud implies that the employees were not acting ethically.

Bernard Madoff Defrauded Clients Out of Millions of Dollars