Which of the following is true of a nolo contendere plea?

Question

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A nolo contendere plea, also known as a plea of "no contest," is not an admission of guilt, but rather an acknowledgement that the prosecution has enough evidence to secure a conviction. It is similar to a guilty plea in that the defendant forfeits their right to a trial, but it does not explicitly admit that they committed the crime. A nolo contendere plea may result in a lesser punishment than a conviction at trial because it avoids the time and expense of a trial. The court must still approve the plea, and it can be negotiated between the Justice Department and corporate or individual criminal defendants.

Which of the Following Is True of a Nolo Contendere