Which of the Following Is True Regarding Corporate Executives Being

question 25

Multiple Choice

Which of the following is true regarding corporate executives being held personally liable for business crime under the "responsible corporate officer" doctrine?

• A)Corporate executives may only be held personally liable for a business crime if they benefited personally from their actions in executing the business crime.
• B)A corporate executive may never be held personally liable for a business crime.
• C)Criminal liability may not be assessed against a corporate executive unless the executive directly engaged in the criminal activity and also profited directly and personally from the criminal activity.
• D)Corporate executives may be found personally liable for a business crime even if they did not engage in,direct,or know about a specific criminal violation.
• E)A court may not assess criminal liability on a corporate executive unless the executive directly engaged in the specific criminal violation.

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Definitions:

Ex-Dividend Date

The date on which a stock begins trading without the right to receive the next declared dividend, typically set one business day before the record date.

Convertible Bonds

Convertible bonds are a type of debt security that can be converted into a predetermined number of the issuing company's shares, typically at the discretion of the bondholder.

Dividend Payment

The distribution of a portion of a company’s earnings to its shareholders, usually in cash or as additional stock.

Record Holders

Individuals or entities officially registered as the owners of securities or assets on the issuing company's books.