Arthur Andersen, Once a Major International Accounting Firm, Was Indicted

Multiple Choice

Arthur Andersen, once a major international accounting firm, was indicted for obstruction of justice, lost its auditing license, and eventually closed its U.S. offices based on the actions of a few employees even though they were performing in a manner contrary to corporate policy and their employer's directions. This is an example of the principle called respondeat superior or ____.

A) "let the buyer beware."
B) "let the punishment match the crime."
C) "the die is cast"
D) "let the master answer."