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Questions to consider: 1. What surprised you the most about this case? 2. What are your thoughts about the narrator's comments about entrepreneurs and risk?

Questions to consider:

1. What surprised you the most about this case?

2. What are your thoughts about the narrator's comments about entrepreneurs and risk? Aren't we supposed to reward risk takers for creating business opportunities by taking chances and pushing the envelope?

Informational Questions: 1. Who were the key individuals involved in Phar-Mor scandal? 2. Where were Phar-Mor headquarters located? 3. What type of business was Phar-Mor? 4. Who were their competitors? 5. What was their competitive strategy? 6. Who was Phar-Mors Accounting Audit company?

Key Issues to Focus On: A. What started the fraud? B. Who was included in it? C. Who could have stopped it? Why didnt they? D. What were some of the methods Phar-Mor management used to conceal the fraud? (more than one) E. How was it finally discovered? F. What happened to the key players involved in the scandal? G. What was the auditors quote regarding the players in the scandal?

Summary: 1. Outline some of the main components of the fraud. 2. Describe what the Financial Accountants could have done to stop it and why they didnt.

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