Jasmine Opens Her Monthly Bank Statement and Is Thrilled to Find

question 40

Multiple Choice

Jasmine opens her monthly bank statement and is thrilled to find she has $10,000 more in her savings than she expected. Since it is late in the evening and past banking hours when she opened her mail, Jasmine does nothing to immediately rectify the error.

• A)If Jasmine had alerted the bank of the mistake before she withdrew the money from her account, she likely would have: ​
• B)not been charged with theft. ​
• C)been charged with theft because she knew of the mistake and did nothing about it.
• D)been charged with theft because she had thought of keeping the money.
• E)faced a fine for stealing.

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Definitions:

Limited Liability Corporation

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Non-Profit Organization

is an entity that operates for a collective, public, or social benefit rather than generating profits for owners or investors.

Professional Corporation

A type of corporate structure available to professionals like lawyers, doctors, and accountants, which offers certain legal and financial protections.

Sole Proprietorship

A type of business where a single individual owns, manages, and is responsible for all aspects of the business, including liabilities.