Question

In a hostile takeover, what does the term "going private" reference?

Multiple Choice

A leveraged buyout

A poison pill

An initial public offering

A confiscatory taking

The non-disclosure of information related to the corporate takeover

A _____ is a partnership agreement in which company members hold transferable shares, while all the goods of the company are held in the names of the partners.

Multiple Choice

joint venture

limited liability partnership

strategic alliance

professional limited liability company

joint stock company

Johnathan is a franchisee who operates under Burger King’s name, franchise rules, and methods of business operation. What type of business operation is this?

Multiple Choice

A franchise-to-market operation

A "commercial standards" agreement

A chain-style business operation

An arrangement-in-kind

A producer-to-retailer distribution channel

For a bona fide occupational qualification defense to be allowed, _____ must be based on actual qualifications, not stereotypes about one group's abilities.

Multiple Choice

merit

necessity

work habits

disparate impact

disparate treatment

Who uses a majority vote to elect the corporation’s directors?

Multiple Choice

The employees at large

The shareholders

The officers

The incorporators and promoters

The board of directors

Which of the following is true regarding an S corporation?

Multiple Choice

Its income is not taxed when distributed to shareholders.

Its shareholders do not report profit on their personal income tax forms.

It is considered a partnership but is taxed like a corporation.

It cannot have more than eighty (80) shareholders.

It is formed under federal tax law.

Answer 1

In a hostile takeover, the term "going private" refers to:

Multiple Choice: A leveraged buyout

A _____ is a partnership agreement in which company members hold transferable shares, while all the goods of the company are held in the names of the partners.

Multiple Choice: joint stock company

Johnathan is a franchisee who operates under Burger King’s name, franchise rules, and methods of business operation. What type of business operation is this?

Multiple Choice: A chain-style business operation

For a bona fide occupational qualification defense to be allowed, _____ must be based on actual qualifications, not stereotypes about one group's abilities.

Multiple Choice: merit

Who uses a majority vote to elect the corporation’s directors?

Multiple Choice: The shareholders

Which of the following is true regarding an S corporation?

Multiple Choice: Its income is not taxed when distributed to shareholders.