A Corporation May Be Prosecuted and Convicted Of: ______

question 18

Multiple Choice

A corporation may be prosecuted and convicted of: ______.

• A) a criminal offense if its agent committed the offense while acting within the scope of the agent's authority.
• B) an error in business judgment, assuming that no other reasonable corporation would have committed such an error.
• C) operating without a corporate charter if the corporation has never sought a charter from the secretary of state's office, or if its directors and/or officers either knew of should have known that the secretary of state's office had revoked the charter.
• D) none of the above; a corporation itself is not subject to criminal prosecution and conviction.

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Definitions:

Crowdfunding Campaign

A method of raising capital through the collective effort of friends, family, customers, and individual investors, typically via the internet.

Fundraising Goal

refers to a specific monetary target set by an organization or individual to be raised within a set period for a particular purpose or project.

Seek Advice

The process of asking for guidance or recommendations from others, typically more experienced individuals, to make informed decisions or solve problems.

Investor Model

A business strategy that focuses on attracting outside investors to provide the capital necessary for growth or startup, often with the promise of future returns.