Bernard Madoff defrauded clients out of millions of dollars.The probability that the employees of Madoff's have high ethical behavior is minimal due to

Question

Quizplus · Accepted Answer

The fact that Bernard Madoff defrauded clients out of millions of dollars suggests that the top management of the company fostered an inappropriate culture, which likely had an impact on the ethical behavior of its employees. Additionally, the magnitude of the fraud implies that the company lacked proper internal controls and oversight mechanisms, which could have further contributed to the unethical behavior of its employees. Therefore, option B is the best choice to explain why the probability that the employees of Madoff's have high ethical behavior is minimal.

Bernard Madoff Defrauded Clients Out of Millions of Dollars