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).

1,2,3 are true and 4 is false

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

thank you

You are welcome.

To determine whether the statement 1, 2, 3 are true and only 4 is false, we need to analyze each statement individually.

1) The statement "In Europe, one of the first modern companies, and later, corporations, was the Virginia Company" is true. The Virginia Company was indeed one of the earliest examples of a modern company, founded in Europe.

2) The statement "The founders, who were private citizens, secured a royal charter from King James I of England" is true. The Virginia Company was granted a royal charter by King James I, giving them permission to establish colonies in the New World.

3) The statement "However, the owners did not have enough money to fund the voyages of exploration and settlement" is also true. The Virginia Company faced financial difficulties and required external funding to support their voyages.

4) The statement "As a result, the Crown purchased stocks in the company, which provided the needed capital to fund the excursions" is false. In reality, it was private investors who purchased stocks in the Virginia Company, not the Crown. The company issued shares of stock to individuals and groups who invested their money to finance the company's ventures.

So, to summarize, statements 1, 2, and 3 are true, while statement 4 is false.