James Was Charged with Embezzlement in a Jurisdiction That Does

question 44

Multiple Choice

James was charged with embezzlement in a jurisdiction that does not have a consolidated statute. The prosecutor failed to charge him with false pretenses and larceny, in the event the facts tended to prove one of the other theft charges. As it turns out, James did not meet the embezzlement requirements. If the prosecutor had charged larceny, he would have been convicted. Based on these facts, what outcome?

• A) He committed a crime so he will be found guilty regardless of the charge.
• B) He will be acquitted.
• C) The prosecutor will have an opportunity to amend the charges and continue the trial.
• D) The defendant will have the opportunity to rebut all evidence presented against him.

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Definitions:

Profitability Index

A calculation used to assess the desirability of an investment, calculated as the present value of future cash flows divided by the initial investment cost.

Internal Rate Of Return

A financial metric used to estimate the profitability of potential investments by calculating the discount rate that makes the net present value of all cash flows equal to zero.

Discounted Cash Flow

A financial analysis technique that estimates the value of an investment based on its expected future cash flows, discounted back to their present value.