In the Case of Bernard Madoff,a Scheme Was Created as an Investment

question 18

Multiple Choice

In the case of Bernard Madoff,a scheme was created as an investment program in which the early investors were paid out returns on their investments,not from earnings but from funds supplied by later investors,although they thought the earnings were the results of successful investments.Which of the following describes this scheme?

• A)Ponzi scheme
• B)pyramid scheme
• C)price-fixing scheme
• D)conspiracy scheme
• E)bait-and-switch scheme

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Definitions:

Assimilative Integration

A therapeutic approach that combines elements from different theoretical frameworks while maintaining a core theoretical orientation.

Evidence-based Treatments

Therapeutic interventions that are supported by scientific research, demonstrating their efficacy in treating specific psychological disorders.

Theories

Formulated hypotheses or systematic explanations of phenomena, events, or behaviors in various fields, including psychology and sociology.

Second-order Cybernetics

It's an approach to cybernetics that includes the observer as part of the system being studied, focusing on self-organizing, self-correcting systems.