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
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 Kings 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 corporations 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.
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