In Europe, one of the first modern companies, and later, corporations, was the Virginia Company (1). The founders, who were private citizens, secured a royal charter from King James I of England (2). However, the owners did not have enough money to fund the voyages of exploration and settlement (3). As a result, the Crown purchased stocks in the company, which provided the needed capital to fund the excursions (4).

Question

1,2,3 are true and 4 is false

Answer 1

I agree. The crown made Virginia a Royal Colony after the public corporation failed.

Answer 2

thank you

Answer 3

You are welcome.