Which of the Following Is Not One of the Consequences

question 16

Multiple Choice

Which of the following is not one of the consequences for a business of breaching the National Credit Code?

• A)A civil suit
• B)Civil penalties
• C)Criminal penalties
• D)The appointment of a receiver

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Definitions:

Articles of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.

Organizational Structure

The system of hierarchy and arrangement within a company that outlines roles, responsibilities, and relationships between individuals and groups.

Types of Stock

Refers to the different categories of stock that a company issues, commonly including common stock and preferred stock.

Stockholder

An individual or entity that owns shares in a corporation, thus holding a portion of the corporation's equity.