Roger Is the CFO of a Corporation and Had a Business

question 11

Multiple Choice

Roger is the CFO of a corporation and had a business dinner with some of the company's largest shareholders.Roger knowingly and intentionally started drinking a variety of alcoholic drinks and even excused himself to secretly snort cocaine in the men's room.By the end of the evening,he obviously intoxicated.His dinner companions kept buying more rounds of drinks,and Roger needed no urging to continue drinking.By dessert,he was obviously extremely intoxicated.At that point,his companions asked him to sign a variety of documents,which he did not read due to his condition.The documents turned out to be falsified financial statements,which were then supplied to the accountants who were auditing the company.Is Roger guilty of criminal fraud?

• A) Roger's act of signing the documents is enough for him to be guilty of criminal fraud.
• B) Because Roger was voluntarily intoxicated, he has no defense against a charge of criminal fraud.
• C) Because Roger was so intoxicated, he likely could not have formed the required mens rea and would not be guilty of criminal fraud.
• D) Roger is not guilty of criminal fraud because his signature did not look professional due to his intoxication.

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Definitions:

Relatively Elastic

Describes a situation in which the quantity demanded or supplied responds significantly to changes in price.

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition and often strategic behavior amongst competitors.

Interdependence

A situation in which the outcome or payoff for each participant depends on the actions of others, commonly found in competitive and cooperative environments.

Market Structure

The organizational and other characteristics of a market that significantly affect the nature of competition and pricing within the market.