Former hedge fund manager Bernie Madoff ran a Ponzi scheme, in which he took money from new investors and used that money to pay earlier investors, all the while pocketing most of the money for himself
In the end, Madoff lost around ________ of his investors' money and ended up behind bars."
A) $100 million
B) $5 billion
C) $25 billion
D) $50 billion
Answer: D
Business
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A) consistency B) social proof C) liking D) reciprocity E) scarcity
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Using the percent of sales method and assuming that no excess capacity exists, a 20% increase in
sales will result in A) a 20% increase in total liabilities. B) a 20% increase in total assets. C) a 20% increase in the company's profit margin. D) a 20% increase in retained earnings.
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