Which of the Following Statements Is True of Equity Fines

question 69

Multiple Choice

Which of the following statements is true of equity fines?

• A)The corporation is fined in a manner in that is considered just and fair to shareholders.
• B)The fine is determined in accordance with criminal sentencing guidelines issued by a court of equity.
• C)The corporation pays the fine in the form of stock to a victim's compensation fund.
• D)The fine absolves corporate managers of all responsibility.

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Definitions:

Tutankhamen

An Egyptian pharaoh of the 18th dynasty, renowned for his tomb's discovery in 1922 which contained rich artifacts and treasures.

Thebes

Thebes is an ancient city in Egypt, known for its wealth, grand temples like Karnak and Luxor, and as the burial ground of pharaohs in the Valley of the Kings.

Mastaba

An ancient Egyptian tomb structure of rectangular shape with inward sloping sides and a flat roof.

Tholos

A circular building of ancient Greek and Roman architecture, typically set at a sanctuary, characterized by a conical or dome-shaped roof.