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Bernard Madoff Defrauded Clients Out of Millions of Dollars

Question 37

Multiple Choice

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.

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