Which of the Following Is a True Statement Regarding the Personal

question 65

Multiple Choice

Which of the following is a true statement regarding the personal liability of corporate executives for a business crime?

• A)Corporate executives may never be held personally liable for a business crime.
• B)Corporate executives may only be held personally liable for a business crime if they benefited personally from their actions in executing the business crime.
• C)Corporate executives may be found personally liable for a business crime regardless of whether the business crime was committed for personal benefit or for the benefit of the corporation.
• D)A court may not assess criminal liability on a corporate executive unless the executive directly engaged in the specific criminal violation.
• E)Criminal liability may not be assessed against a corporate executive unless the executive directly engaged in the criminal activity and also profited personally and directly from the criminal activity.

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Definitions:

Nominal Interest Rate

The rate of interest before adjusting for inflation, representing the face value of interest payments.

Inflation

The speed at which the overall price level for goods and services increases, causing a decline in the value of money.

Deflation

A decrease in the general price level of goods and services in an economy over a period of time.

Cyclical Unemployment Rate

The component of overall unemployment that corresponds to the cyclical conditions of an economy, fluctuating with the business cycle.